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Living In Troy, NY

Troy, New York is a small city with a population of approximately 50,000. Young adults aged 15-24 will find a surplus of opportunities, as they account for a higher percentage of the population here (22%) than nationally (14%), though young professionals also feature prominently in the demographics. Overall, the city's residents, with an average age of just over 35, are decidedly younger than most cities in New York. Home ownership is less common than renting in the area, and 37% of residents own their homes. The trend is driven in part by a relatively low average rent of $898/month, which is $382 less than the state average.

Averaging about 24 minutes, Troy's commute time outperforms the state average of about 38 minutes. Driving is the most common way to get to work, selected by 35% of workers, while public transit isn't extensively used. Relatively few residents (5%) commute to work on foot, though the number far surpasses the national average.

Compared to the national average (5%), Troy has a high concentration of residents over the age of 25 who possess an Associate's degree (8%). Additionally, 10% have earned a Bachelor's degree and 5% possess a Master's or Doctoral degree. There are three primary industries in Troy: healthcare, education, and retail. Together, these industries account for 20% of the city's workforce. Meanwhile, in terms of job function, many residents work in sales, as 7% of the city's population reports this as their field of work, the highest number of any career path. With an average annual income of nearly $55K, Troy workers take home less than the average New York resident. Troy's average income also trails the national average ($73,345).

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Frequently Asked Questions About Troy

What is the average rent in Troy?

The average rent of a studio apartment in Troy is $830 per month. For a one-bedroom apartment it's $1,252 per month. For a two-bedroom apartment the average rent is $1,267 per month.

What is the average cost of rent for a one-bedroom in Troy?

The average rent of a one-bedroom apartment in Troy is $1,252

Are there any cheap apartments for rent in Troy?

For the best deal, we recommend using our cheap apartments filter.

You can also filter by price: Under $800, Under $900, Under $1000, Under $1100, Under $1300

Are there any pet friendly apartments in Troy?

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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