Cost of Living in Troy, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
87.3
100 = national avg
-12.7 vs national average
Living Wage (1 Adult)
$38,397
per year
Living Wage (Family of 4)
$90,757
per year
Cost Index by Category
Housing98.3
Food86.4
Transportation72.8
Healthcare89.1
Utilities91.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$695
per month
2 Bedroom
$912
per month
The overall cost of living index in Troy is 87.3, which is 12.7% below the national average. Housing costs are below the national average at an index of 98.3. A single adult needs to earn approximately $38,397 per year to cover basic expenses.