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CITY

Troy

North Carolina · 3,020 residents (2025 est.) · 3.66 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 $51,731. Population has declined 15% since 2000. 21% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has more than doubled since 2000, reaching $160,100. The poverty rate of 20.2% is well above the national figure. Households here earn about 29% less than the North Carolina median.

At a glance
Lower income
below the US median
US median: $82,259
Younger
median age 36.9
US median: 38.9
Less educated
21% hold a bachelor's degree
US average: 36%
Less affordable
home values up 46%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
2,926
−15%since 2000
from 3,430 in 2000
1990 – 2025
Population density
799 / sq mi
−15%since 2000
from 937 / sq mi in 2000
US average: 281
Median age
36.9
+10%since 2000
from 33.5 in 2000
US average: 38.9

PEP 2025 EST:3,020 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
3K3K3K3K4K1990201020202024Troy
20243K
1990201020202024
Section 02

Income & economy

Median household income
$51,731
+24%inflation adjusted, since 2000
from $22,933 in 2000
US average: $82,259
1990 – 2024
Per capita income
$27,671
+142%since 2000
from $11,420 in 2000
US average: $44,673
Households earning $100K+
32.6%
+19.3 ptssince 2009
from 13.3% in 2009
US average: 53.3%
Poverty rate
20.2%
−4.6 ptssince 2000
from 24.8% in 2000
US average: 12.5%
Income inequality (Gini)
0.508
−4%since 2010
from 0.528 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade18.9%
US avg: 9.9%
Other services10.8%
US avg: 6.7%
Information10.4%
US avg: 10.8%
Public administration7.9%
US avg: 4.8%
Wholesale trade4.3%
US avg: 6.9%
Agriculture, forestry, fishing1.4%
US avg: 1.6%
Construction0.8%
US avg: 1.2%
Finance & insurance0.7%
US avg: 5.9%
Professional, scientific, technical0.7%
US avg: 5.1%
Transportation & warehousing0.6%
US avg: 2.2%
Manufacturing0.6%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$160,100
+46%inflation adjusted, since 2000
from $60,100 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$675
+6%inflation adjusted, since 2000
from $351 in 2000
US average: $1,442
Owner-occupied
48.4%
−0.4 ptssince 2000
from 48.8% in 2000
51.6% rent
Vacancy rate
17.5%
+4.3 ptssince 2009
from 13.2% in 2009
US average: 10.0%
Owner cost-burdened
18.5%
−6.4 ptssince 2009
from 24.9% in 2009
US average: 22.9%
Renter cost-burdened
22.9%
−24.5 ptssince 2009
from 47.3% in 2009
US average: 47.4%
Afford Score
3.1
+18%since 2000
from 2.6 in 2000
1990 – 2024
Gentrification Score
65
RELATED:See current rent listings in Troy on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic51.3%(1,760)
Black38.7%(1,328)
Hispanic / Latino7.2%(248)
Asian1%(36)
Other0%
Diversity Score70.9%(2,431)
2024
White, non-Hispanic56.1%(1,641)
Black26%(761)
Hispanic / Latino12.9%(378)
Asian0%(0)
Other5%(146)
Diversity Score74.8%(2,190)
Diversity Score
75
+6%since 2000
from 71 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
20.8%
+10.5 ptssince 2000
from 10.3% in 2000
US average: 35.6%
High school or higher
80.5%
+23.9 ptssince 2000
from 56.6% in 2000
US average: 89.6%
Graduate degree
7.9%
+5.7 ptssince 2000
from 2.1% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
25.1 min
+63%since 2000
from 15.4 min in 2000
US average: 26.5
Drive alone to work
86.2%
+2.3 ptssince 2009
from 84.0% in 2009
US average: 68.9%
Carpooled to work
6.4%
−3.9 ptssince 2009
from 10.3% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
7.4%
+7.4 ptssince 2009
from 0.0% in 2009
US average: 15.0%
Walked to work
0.0%
−5.7 ptssince 2009
from 5.7% 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
12.5%
−3.4 ptssince 2009
from 15.9% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.7%
−14.7 ptssince 2011
from 16.4% in 2011
US average: 5.2%
Labor force participation
50.1%
+10.4 ptssince 2011
from 39.6% in 2011
US average: 63.5%
Self-employed
15.7%
−12.9 ptssince 2009
from 28.7% in 2009
US average: 13.1%
Management & professional
31.2%
−26.6 ptssince 2009
from 57.8% in 2009
US average: 42.5%
Section 08

People & community

Male
53.3%
+8.3 ptssince 2009
from 45.0% in 2009
Female
46.7%
−8.3 ptssince 2009
from 55.0% in 2009
Foreign born
4.5%
−2.0 ptssince 2009
from 6.5% in 2009
US average: 14.1%
Veterans
4.4%
−41.1 ptssince 2009
from 45.6% in 2009
US average: 6.2%
With a disability
18.6%
+2.1 ptssince 2012
from 16.5% in 2012
US average: 13.3%
Uninsured
13.5%
−69.6 ptssince 2013
from 83.1% in 2013
US average: 8.4%
Broadband at home
81.7%
+24.1 ptssince 2017
from 57.6% in 2017
US average: 91.0%
English only at home
86.0%
−10.9 ptssince 2016
from 96.9% in 2016
US average: 77.7%
Spanish at home
13.5%
+11.3 ptssince 2016
from 2.2% in 2016
US average: 13.6%
Drill deeper

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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, North Carolina?

Troy, North Carolina has about 2,926 residents according to the 2024 American Community Survey.

What is the median household income in Troy, North Carolina?

The typical household in Troy, North Carolina earns about $51,731 a year. Half of households make more than that, and half make less.

Is Troy, North Carolina expensive?

In Troy, North Carolina, the median home is worth about $160,100, and the typical rent is about $675 a month.

How educated are people in Troy, North Carolina?

About 20.8% of adults age 25 and over in Troy, North Carolina hold a bachelor's degree or higher.

What is the poverty rate in Troy, North Carolina?

About 20.2% of people in Troy, North Carolina live below the federal poverty line.

Has Troy, North Carolina grown since 1990?

Yes, Troy, North Carolina has shrunk since 1990. The population has lost about 478 residents, a change of about -14 percent over that period.

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

How we source and harmonize this data →