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CITY · 2020 ACS

New Troy

Michigan · 483 residents · 1.325 sq mi
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The short version

New Troy has lower-than-average household income, with a median household income of $53,750. Population has held roughly steady since 2019. Median home value is $154,800. With a median age of 44.8, the population is older than the US median of 38.8. Poverty is rare here, at 6.4% of residents.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 44.8
US median: 38.8
Less educated
22% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
483
−1%since 2019
from 487 in 2019
2010 – 2024
Population density
365 / sq mi
−1%since 2019
from 368 / sq mi in 2019
US average: 280
Median age
44.8
+1%since 2019
from 44.4 in 2019
US average: 38.8
Population, 2010 – 2024
287411535658782201020202024New Troy
2024413
201020202024
Section 02

Income & economy

Median household income
$53,750
+14%inflation adjusted, since 2019
from $46,667 in 2019
US average: $66,278
2010 – 2024
Per capita income
$26,697
+12%since 2019
from $23,798 in 2019
US average: $35,364
Households earning $100K+
26.2%
+5.1 ptssince 2019
from 21.0% in 2019
US average: 43.9%
Poverty rate
6.4%
+0.8 ptssince 2019
from 5.5% in 2019
US average: 12.8%
Workforce by industry, 2020
Retail trade23.4%
US avg: 10%
Other services19.5%
US avg: 6.6%
Information14.6%
US avg: 11.1%
Wholesale trade3.9%
US avg: 6.7%
Finance & insurance2.9%
US avg: 5.5%
Professional, scientific, technical2.9%
US avg: 4.7%
Public administration2.4%
US avg: 4.7%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Transportation & warehousing0%
US avg: 2.5%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$154,800
+16%inflation adjusted, since 2019
from $131,900 in 2019
US average: $265,253
2010 – 2024
Median gross rent
$650
−12%inflation adjusted, since 2019
from $728 in 2019
US average: $1,124
Owner-occupied
88.8%
+6.5 ptssince 2019
from 82.2% in 2019
11.2% rent
Afford Score
2.9
+2%since 2019
from 2.8 in 2019
2010 – 2024
RELATED:See current rent listings in New Troy on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic95.7%(466)
Black0%(0)
Hispanic / Latino1.4%(7)
Asian0%(0)
Other2.9%(14)
Diversity Score10.4%(51)
2020
White, non-Hispanic90.9%(439)
Black0.6%(3)
Hispanic / Latino3.5%(17)
Asian0.4%(2)
Other3.3%(16)
Diversity Score18.8%(91)
Diversity Score
19
+81%since 2019
from 10 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
22.2%
+4.0 ptssince 2019
from 18.2% in 2019
US average: 32.9%
High school or higher
91.6%
−0.6 ptssince 2019
from 92.2% in 2019
US average: 88.5%
Graduate degree
6.2%
+1.1 ptssince 2019
from 5.1% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
19.0 min
−10%since 2019
from 21.0 min in 2019
US average: 26.9
Drive alone to work
71.6%
−3.7 ptssince 2019
from 75.3% in 2019
US average: 75.1%
No vehicle available
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
7.2%
+0.8 ptssince 2019
from 6.5% in 2019
US average: 5.4%
Labor force participation
70.4%
+1.9 ptssince 2019
from 68.5% in 2019
US average: 63.4%
Management & professional
24.4%
+2.4 ptssince 2019
from 22.0% in 2019
US average: 39.3%
Section 08

People & community

Male
42.2%
−1.3 ptssince 2019
from 43.5% in 2019
Female
57.8%
+1.3 ptssince 2019
from 56.5% in 2019
Foreign born
1.5%
+0.3 ptssince 2019
from 1.2% in 2019
US average: 13.5%
Uninsured
5.4%
−5.1 ptssince 2019
from 10.5% in 2019
US average: 8.8%
Drill deeper

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Head to head

Compare New Troy to nearby cities

NEW TROY VS
Niles
Income$51,376−4%
Home value$135,100−13%
Population11,665+2724%
SEE FULL COMPARISON →
NEW TROY VS
Benton Harbor
Income$31,117−42%
Home value$76,500−51%
Population8,803+2031%
SEE FULL COMPARISON →
NEW TROY VS
South Bend
Income$55,786+4%
Home value$140,400−9%
Population103,201+24888%
SEE FULL COMPARISON →
NEW TROY VS
Michigan City
Income$53,089−1%
Home value$143,100−8%
Population31,338+7488%
SEE FULL COMPARISON →
Frequently asked

How many people live in New Troy, Michigan?

New Troy, Michigan has about 483 residents according to the 2020 American Community Survey.

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

The typical household in New Troy, Michigan earns about $53,750 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 $154,800, and the typical rent is about $650 a month.

How educated are people in New Troy, Michigan?

About 22.2% 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 6.4% 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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