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CITY

New Troy

Michigan · 413 residents · 1.325 sq mi
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The short version

New Troy has notably lower household income than the US average, with a median household income of $56,776. Population has held roughly steady since 2023. 11% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value is $167,600. At a median age of 32.6, residents skew younger than the country as a whole.

At a glance
Lower income
below the US median
US median: $82,259
Younger
median age 32.6
US median: 38.9
Less educated
11% 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
413
+9%since 2023
from 379 in 2023
2010 – 2024
Population density
312 / sq mi
+9%since 2023
from 286 / sq mi in 2023
US average: 281
Median age
32.6
−4%since 2023
from 33.9 in 2023
US average: 38.9
Population, 2010 – 2024
287411535658782201020202024New Troy
2024413
201020202024
Section 02

Income & economy

Median household income
$56,776
−8%inflation adjusted, since 2023
from $60,250 in 2023
US average: $82,259
2010 – 2024
Per capita income
$35,549
−6%since 2023
from $37,677 in 2023
US average: $44,673
Households earning $100K+
31.2%
−4.5 ptssince 2023
from 35.7% in 2023
US average: 53.3%
Poverty rate
34.2%
+5.2 ptssince 2023
from 29.1% in 2023
US average: 12.5%
Income inequality (Gini)
0.453
+11%since 2023
from 0.409 in 2023
US average: 0.476
Workforce by industry, 2024
Retail trade35.9%
US avg: 9.9%
Information16.5%
US avg: 10.8%
Wholesale trade8.7%
US avg: 6.9%
Transportation & warehousing5.2%
US avg: 2.2%
Arts, entertainment, food1.7%
US avg: 1.9%
Finance & insurance1.3%
US avg: 5.9%
Professional, scientific, technical1.3%
US avg: 5.1%
Other services1.3%
US avg: 6.7%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
Public administration0%
US avg: 4.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$167,600
−7%inflation adjusted, since 2023
from $174,400 in 2023
US average: $376,019
2010 – 2024
Median gross rent
$1,086
+8%inflation adjusted, since 2023
from $975 in 2023
US average: $1,442
Owner-occupied
77.7%
+0.4 ptssince 2023
from 77.3% in 2023
22.3% rent
Vacancy rate
0.0%
−9.9 ptssince 2023
from 9.9% in 2023
US average: 10.0%
Owner cost-burdened
28.7%
+5.2 ptssince 2023
from 23.5% in 2023
US average: 22.9%
Renter cost-burdened
31.4%
+5.7 ptssince 2023
from 25.7% in 2023
US average: 47.4%
Afford Score
3.0
+2%since 2023
from 2.9 in 2023
2010 – 2024
Gentrification Score
60
RELATED:See current rent listings in New Troy on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic80.5%(305)
Black0%(0)
Hispanic / Latino2.4%(9)
Asian0%(0)
Other17.2%(65)
Diversity Score40.3%(153)
2024
White, non-Hispanic78.2%(323)
Black0%(0)
Hispanic / Latino1.7%(7)
Asian0%(0)
Other20.1%(83)
Diversity Score43.5%(179)
Diversity Score
43
+8%since 2023
from 40 in 2023
2010 – 2024
Section 05

Education

Bachelor's degree or higher
10.8%
+0.9 ptssince 2023
from 9.9% in 2023
US average: 35.6%
High school or higher
91.9%
−0.7 ptssince 2023
from 92.6% in 2023
US average: 89.6%
Graduate degree
2.7%
+1.1 ptssince 2023
from 1.6% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
15.1 min
−15%since 2023
from 17.6 min in 2023
US average: 26.5
Drive alone to work
86.2%
−2.5 ptssince 2023
from 88.7% in 2023
US average: 68.9%
Carpooled to work
5.4%
+1.1 ptssince 2023
from 4.2% in 2023
US average: 8.5%
Public transit
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
Worked from home
5.8%
−0.3 ptssince 2023
from 6.1% in 2023
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
2.1%
+2.1 ptssince 2023
from 0.0% in 2023
US average: 5.2%
Labor force participation
70.2%
−1.7 ptssince 2023
from 71.9% in 2023
US average: 63.5%
Self-employed
2.6%
+0.4 ptssince 2023
from 2.2% in 2023
US average: 13.1%
Management & professional
6.9%
−2.0 ptssince 2023
from 9.0% in 2023
US average: 42.5%
Section 08

People & community

Male
52.1%
−1.2 ptssince 2023
from 53.3% in 2023
Female
47.9%
+1.2 ptssince 2023
from 46.7% in 2023
Foreign born
0.7%
−0.9 ptssince 2023
from 1.6% in 2023
US average: 14.1%
Veterans
5.7%
−1.4 ptssince 2023
from 7.1% in 2023
US average: 6.2%
With a disability
13.6%
+1.2 ptssince 2023
from 12.4% in 2023
US average: 13.3%
Uninsured
9.0%
+0.3 ptssince 2023
from 8.7% in 2023
US average: 8.4%
Broadband at home
87.9%
+0.9 ptssince 2023
from 87.0% in 2023
US average: 91.0%
English only at home
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 77.7%
Spanish at home
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 13.6%
Drill deeper

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Head to head

Compare New Troy to nearby cities

NEW TROY VS
Niles
Income$51,376−10%
Home value$135,100−19%
Population11,665+2724%
SEE FULL COMPARISON →
NEW TROY VS
Benton Harbor
Income$31,117−45%
Home value$76,500−54%
Population8,803+2031%
SEE FULL COMPARISON →
NEW TROY VS
South Bend
Income$55,786−2%
Home value$140,400−16%
Population103,201+24888%
SEE FULL COMPARISON →
NEW TROY VS
Michigan City
Income$53,089−6%
Home value$143,100−15%
Population31,338+7488%
SEE FULL COMPARISON →
Frequently asked

How many people live in New Troy, Michigan?

New Troy, Michigan has about 413 residents according to the 2024 American Community Survey.

What is the median household income in New Troy, Michigan?

The typical household in New Troy, Michigan earns about $56,776 a year. Half of households make more than that, and half make less.

Is New Troy, Michigan expensive?

In New Troy, Michigan, the median home is worth about $167,600, and the typical rent is about $1,086 a month.

How educated are people in New Troy, Michigan?

About 10.8% of adults age 25 and over in New Troy, Michigan hold a bachelor's degree or higher.

What is the poverty rate in New Troy, Michigan?

About 34.2% of people in New Troy, Michigan live below the federal poverty line.

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

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