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CITY · 2020 ACS

Troy

Tennessee · 1,423 residents · 1.35 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 $42,139. Population has held roughly steady since 2000. 18% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has risen by half since 2000, reaching $90,000.

At a glance
Lower income
below the US median
US median: $66,278
Mid-age
median age 38.2
US median: 38.8
Less educated
18% 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
1,423
+12%since 2000
from 1,273 in 2000
1990 – 2025
Population density
1,054 / sq mi
+12%since 2000
from 943 / sq mi in 2000
US average: 280
Median age
38.2
+6%since 2000
from 36.0 in 2000
US average: 38.8
Population, 1990 – 2024
9401K1K2K2K1990201020202024Troy
20242K
1990201020202024
Section 02

Income & economy

Median household income
$42,139
−9%inflation adjusted, since 2000
from $30,664 in 2000
US average: $66,278
1990 – 2024
Per capita income
$24,568
+61%since 2000
from $15,255 in 2000
US average: $35,364
Households earning $100K+
20.5%
+8.3 ptssince 2009
from 12.2% in 2009
US average: 43.9%
Poverty rate
15.4%
+0.8 ptssince 2000
from 14.6% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade26.5%
US avg: 10%
Information14.7%
US avg: 11.1%
Wholesale trade4.3%
US avg: 6.7%
Finance & insurance3.9%
US avg: 5.5%
Professional, scientific, technical3.9%
US avg: 4.7%
Other services1.6%
US avg: 6.6%
Agriculture, forestry, fishing0.9%
US avg: 1.7%
Construction0.9%
US avg: 1.2%
Public administration0.5%
US avg: 4.7%
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
$90,000
+7%inflation adjusted, since 2000
from $55,800 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$670
+11%inflation adjusted, since 2000
from $403 in 2000
US average: $1,124
Owner-occupied
59.9%
−10.1 ptssince 2000
from 70.0% in 2000
40.1% rent
Afford Score
2.1
+17%since 2000
from 1.8 in 2000
1990 – 2024
RELATED:See current rent listings in Troy on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic97.3%(1,238)
Black1.3%(16)
Hispanic / Latino1.3%(16)
Asian0%(0)
Other0%
Diversity Score6.2%(79)
2020
White, non-Hispanic92.8%(1,321)
Black1.4%(20)
Hispanic / Latino2.2%(32)
Asian0%(0)
Other0.3%(5)
Diversity Score10%(142)
Diversity Score
10
+61%since 2000
from 6 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
18.3%
+6.5 ptssince 2000
from 11.8% in 2000
US average: 32.9%
High school or higher
77.0%
+8.6 ptssince 2000
from 68.3% in 2000
US average: 88.5%
Graduate degree
4.3%
−0.2 ptssince 2000
from 4.4% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
17.8 min
+41%since 2000
from 12.7 min in 2000
US average: 26.9
Drive alone to work
87.4%
−2.2 ptssince 2009
from 89.5% in 2009
US average: 75.1%
No vehicle available
12.6%
+10.1 ptssince 2009
from 2.4% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
4.7%
−6.5 ptssince 2011
from 11.2% in 2011
US average: 5.4%
Labor force participation
58.8%
−1.8 ptssince 2011
from 60.6% in 2011
US average: 63.4%
Management & professional
20.5%
−28.4 ptssince 2009
from 48.9% in 2009
US average: 39.3%
Section 08

People & community

Male
46.1%
−8.9 ptssince 2009
from 55.0% in 2009
Female
53.9%
+8.9 ptssince 2009
from 45.0% in 2009
Foreign born
1.4%
−0.3 ptssince 2009
from 1.7% in 2009
US average: 13.5%
Uninsured
11.4%
−66.0 ptssince 2013
from 77.4% in 2013
US average: 8.8%
Drill deeper

Places similar to Troy

Black Hammock
Pop 1,290
Fanning Springs
Pop 1,349
Andrews
Pop 1,275
Baldwin
Pop 1,394
Places similar to Troy
Head to head

Compare Troy to nearby cities

TROY VS
Union City
Income$50,870+21%
Home value$146,000+62%
Population10,814+673%
SEE FULL COMPARISON →
TROY VS
Martin
Income$43,381+3%
Home value$198,300+120%
Population11,060+691%
SEE FULL COMPARISON →
TROY VS
Dyersburg
Income$52,064+24%
Home value$168,300+87%
Population15,906+1037%
SEE FULL COMPARISON →
TROY VS
Milan
Income$43,886+4%
Home value$144,100+60%
Population8,367+498%
SEE FULL COMPARISON →
Frequently asked

How many people live in Troy, Tennessee?

Troy, Tennessee has about 1,423 residents according to the 2020 American Community Survey.

What is the median household income in Troy, Tennessee?

The typical household in Troy, Tennessee earns about $42,139 a year. Half of households make more than that, and half make less.

Is Troy, Tennessee expensive?

In Troy, Tennessee, the median home is worth about $90,000, and the typical rent is about $670 a month.

How educated are people in Troy, Tennessee?

About 18.3% of adults age 25 and over in Troy, Tennessee hold a bachelor's degree or higher.

What is the poverty rate in Troy, Tennessee?

About 15.4% of people in Troy, Tennessee live below the federal poverty line.

Has Troy, Tennessee grown since 1990?

Yes, Troy, Tennessee has grown since 1990. The population has added about 390 residents, a change of about 38 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 →