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CITY

Troy

Indiana · 369 residents (2025 est.) · 1.132 sq mi
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The short version

Troy has notably lower household income than the US average, with a median household income of $52,639. The city has grown rapidly, with population up 55% since 2000. 12% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has risen by half since 2000, reaching $96,800. At a median age of 32.0, residents skew younger than the country as a whole. Households here earn about 27% less than the Indiana median.

At a glance
Lower income
below the US median
US median: $82,259
Younger
median age 32.0
US median: 38.9
Less educated
12% hold a bachelor's degree
US average: 36%
More affordable
home values down 7%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
608
+55%since 2000
from 392 in 2000
1990 – 2025
Population density
537 / sq mi
+55%since 2000
from 346 / sq mi in 2000
US average: 281
Median age
32.0
−16%since 2000
from 38.0 in 2000
US average: 38.9

PEP 2025 EST:369 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
2523584645696751990201020202024Troy
2024608
1990201020202024
Section 02

Income & economy

Median household income
$52,639
−5%inflation adjusted, since 2000
from $30,536 in 2000
US average: $82,259
1990 – 2024
Per capita income
$27,056
+95%since 2000
from $13,891 in 2000
US average: $44,673
Households earning $100K+
14.3%
−3.4 ptssince 2009
from 17.6% in 2009
US average: 53.3%
Poverty rate
9.4%
−10.3 ptssince 2000
from 19.6% in 2000
US average: 12.5%
Income inequality (Gini)
0.445
+5%since 2010
from 0.422 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade28.3%
US avg: 9.9%
Information11%
US avg: 10.8%
Finance & insurance9.1%
US avg: 5.9%
Professional, scientific, technical8.2%
US avg: 5.1%
Transportation & warehousing2.7%
US avg: 2.2%
Agriculture, forestry, fishing1.4%
US avg: 1.6%
Manufacturing1.4%
US avg: 0.4%
Education & health services0.9%
US avg: 0.9%
Construction0%
US avg: 1.2%
Wholesale trade0%
US avg: 6.9%
Arts, entertainment, food0%
US avg: 1.9%
Other services0%
US avg: 6.7%
Public administration0%
US avg: 4.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$96,800
−7%inflation adjusted, since 2000
from $57,300 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$939
+39%inflation adjusted, since 2000
from $371 in 2000
US average: $1,442
Owner-occupied
75.1%
+0.1 ptssince 2000
from 75.0% in 2000
24.9% rent
Vacancy rate
6.5%
−19.6 ptssince 2009
from 26.1% in 2009
US average: 10.0%
Owner cost-burdened
18.4%
−7.8 ptssince 2009
from 26.2% in 2009
US average: 22.9%
Renter cost-burdened
27.8%
−30.3 ptssince 2009
from 58.1% in 2009
US average: 47.4%
Afford Score
1.8
−2%since 2000
from 1.9 in 2000
1990 – 2024
Gentrification Score
48
RELATED:See current rent listings in Troy on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic98%(384)
Black0%(0)
Hispanic / Latino1.3%(5)
Asian0%(0)
Other0%
Diversity Score3.2%(12)
2024
White, non-Hispanic93.3%(567)
Black0%(0)
Hispanic / Latino1.3%(8)
Asian0%(0)
Other5.4%(33)
Diversity Score15.9%(97)
Diversity Score
16
+401%since 2000
from 3 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
12.4%
+8.7 ptssince 2000
from 3.8% in 2000
US average: 35.6%
High school or higher
93.2%
+21.4 ptssince 2000
from 71.8% in 2000
US average: 89.6%
Graduate degree
0.3%
+0.3 ptssince 2000
from 0.0% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
22.1 min
+9%since 2000
from 20.2 min in 2000
US average: 26.5
Drive alone to work
74.4%
−11.5 ptssince 2009
from 85.9% in 2009
US average: 68.9%
Carpooled to work
15.1%
+7.7 ptssince 2009
from 7.4% in 2009
US average: 8.5%
Public transit
0.5%
+0.5 ptssince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
9.1%
+7.9 ptssince 2009
from 1.2% in 2009
US average: 15.0%
Walked to work
0.9%
+0.9 ptssince 2009
from 0.0% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
6.5%
−0.1 ptssince 2009
from 6.5% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
3.1%
−4.7 ptssince 2011
from 7.8% in 2011
US average: 5.2%
Labor force participation
59.8%
+0.1 ptssince 2011
from 59.7% in 2011
US average: 63.5%
Self-employed
1.4%
−6.3 ptssince 2009
from 7.7% in 2009
US average: 13.1%
Management & professional
19.6%
−35.0 ptssince 2009
from 54.6% in 2009
US average: 42.5%
Section 08

People & community

Male
40.1%
−15.8 ptssince 2009
from 56.0% in 2009
Female
59.9%
+15.8 ptssince 2009
from 44.0% in 2009
Foreign born
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 14.1%
Veterans
15.3%
−34.5 ptssince 2009
from 49.8% in 2009
US average: 6.2%
With a disability
27.1%
+9.4 ptssince 2012
from 17.7% in 2012
US average: 13.3%
Uninsured
9.5%
−79.0 ptssince 2013
from 88.5% in 2013
US average: 8.4%
Broadband at home
85.3%
+26.8 ptssince 2017
from 58.5% in 2017
US average: 91.0%
English only at home
100.0%
+1.7 ptssince 2016
from 98.3% in 2016
US average: 77.7%
Spanish at home
0.0%
−1.4 ptssince 2016
from 1.4% in 2016
US average: 13.6%
Drill deeper

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Compare Troy to nearby cities

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TROY VS
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TROY VS
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TROY VS
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Frequently asked

How many people live in Troy, Indiana?

Troy, Indiana has about 608 residents according to the 2024 American Community Survey.

What is the median household income in Troy, Indiana?

The typical household in Troy, Indiana earns about $52,639 a year. Half of households make more than that, and half make less.

Is Troy, Indiana expensive?

In Troy, Indiana, the median home is worth about $96,800, and the typical rent is about $939 a month.

How educated are people in Troy, Indiana?

About 12.4% of adults age 25 and over in Troy, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Troy, Indiana?

About 9.4% of people in Troy, Indiana live below the federal poverty line.

Has Troy, Indiana grown since 1990?

Yes, Troy, Indiana has grown since 1990. The population has added about 109 residents, a change of about 22 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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