Troy, MI — City Data, Demographics & Statistics
Oakland County · Michigan
City DNA
A unique fingerprint for Troy based on 8 key metrics — compared to averages.
Quick Stats
Population
87,307
2023 ACS
Median Income
$119,299
2023
Median Home Value
$396,800
2023
Median Rent
$1,557
2023
Median Age
42.2
Unemployment
4.0%
Cost of Living Index
170.1
100 = national avg
Troy is a city in Oakland County, Michigan, with a population of 87,307 according to the 2023 American Community Survey. Troy is one of the communities in Michigan.
The median household income in Troy is $119,299, and the median home value is $396,800. The cost of living index is 170.1 (where 100 = national average), and the median rent is $1,557 per month. The unemployment rate is 4.0%, and the median age is 42.2 years.
People & Demographics
Source: U.S. Census Bureau ACS (2023)Population
Total Population
87,307
Male
45,226
51.8%
Female
42,081
48.2%
Median Age
42.2
Education & Household
Bachelor's or Higher
44.7%
High School or Higher
53.5%
Foreign Born
29.8%
Veterans
3.2%
Married
48.9%
Avg Household Size
2.6
Marital Status by Age
Race & Ethnicity
Diversity Index
0.526
Simpson's Index (0-1)
Largest Group
White
63.3%
Foreign Born
29.8%
Hispanic/Latino Ethnicity
Hispanic/Latino is an ethnicity, not a race. People of any race can identify as Hispanic. This percentage overlaps with the racial categories above.
Hispanic/Latino
2.7%
2,331 people
Not Hispanic/Latino
97.3%
Hispanic/Latino Detail
Source: U.S. Census Bureau ACS (2023)Asian Detail
Source: U.S. Census Bureau ACS (2023)Native Hawaiian & Pacific Islander Detail
Source: U.S. Census Bureau ACS (2023)American Indian & Alaska Native Detail
Source: U.S. Census Bureau ACS (2023)Languages Spoken
Total Speakers (5+)
83,255
English Only
66.4%
#1 Non-English Language
Other Indo-European
8,558 speakers
Limited English
9.4%
Language Distribution
English Proficiency
Speaks English Very Well
90.6%
Limited English Proficiency
9.4%
Veterans & Military
Total Veterans
2,812
3.2% of population
Disability Rate
21.6%
606 with disability
Veteran Median Income
$62,048
Unemployment Rate
1.6%
Period of Service
Veteran Age Distribution
Male Veterans
2,555
90.9%
Female Veterans
257
9.1%
Veteran vs Non-Veteran Income
Veteran Income
$62,048
Non-Veteran Income
$56,637
Difference
$5,411
9.6% higher
Disability Status
With Disability
606
Without Disability
2,206
Disability Rate
21.6%
Ancestry & Heritage
Total Reporting Ancestry
61,166
#1 Ancestry
German
13.5% (11,772)
#2 Ancestry
Irish
9.4% (8,188)
#3 Ancestry
Polish
8.6% (7,468)
Top 20 Ancestries
Source: U.S. Census Bureau ACS (2023)Families & Households
Total Households
33,369
Family Households
23,378
70.1%
Married Couples
20,162
60.4%
Non-Family Households
9,991
29.9%
Single Mother Households
2,101
6.3%
Single Father Households
1,115
3.3%
Living Alone
8,531
25.6%
Children Under 18
Total Children
17,490
In Married Couple
15,499
88.6%
With Single Mother
1,302
7.4%
With Single Father
689
3.9%
Family Income
Median Family Income
$150,720
Married Couple Income
$160,938
Single Mother Income
$93,651
Single Father Income
$100,438
Avg Family Size
2.6
Avg Non-Family Size
2.1
Grandparents w/ Grandchildren
1,508
Grandparents Responsible
238
Economy
Source: U.S. Census Bureau ACS (2023)Income Overview
Median Household Income
$119,299
+63% vs national
Per Capita Income
$56,542
+52% vs national
Poverty Rate
5.3%
-61% vs national
Gini Index
0.4148
0 = perfect equality
Unemployment
4.0%
-22% vs national
SNAP Recipients
5.2%
of households
How Troy Compares
Troy vs Similar Cities
Compared to cities with 50,000 - 100,000 residents. Troy is highlighted.
Median Household Income
Troy, MI has a median household income of $119,299, making it the 2,810th highest median household income out of 28,123 cities in our database. This means that Troy has a higher median household income than 90% of all the cities we measured.
Per Capita Income
Troy, MI has a per capita income of $56,542, making it the 3,131st highest per capita income out of 28,123 cities in our database. This means that Troy has a higher per capita income than 89% of all the cities we measured.
Poverty Rate
Troy, MI has a poverty rate of 5.3%, making it the 23,424th highest poverty rate out of 31,262 cities in our database. This means that Troy has a higher poverty rate than 25% of all the cities we measured.
Unemployment Rate
Troy, MI has a unemployment rate of 4.0%, making it the 14,451st highest unemployment rate out of 31,012 cities in our database. This means that Troy has a higher unemployment rate than 53% of all the cities we measured.
Where Do You Stack Up?
Enter your household income to see how you compare to other households in Troy. The median household income here is $119,299.
Income Distribution
Employment Snapshot
Unemployment Rate
4.0%
-28% vs MI avg
Labor Force
47,267
Employed
45,297
How People Get to Work
Employment by Sector
Education & Workforce
Bachelor's Degree+
44.7%
of adults 25+
High School Diploma+
53.5%
of adults 25+
Median Age
42.2
Work from Home
20.2%
of workers
Top Occupations & Wages
Source: Bureau of Labor Statistics OEWS (2024)
Data represents the Detroit-Warren-Dearborn, MI metro area
Highest-Paying Job
Software Developers
Top Median Wage
$124.8K
per year
Occupations Tracked
20
Cost of Living
Overall Index
170.1
100 = national avg
+70.1 vs national average
Living Wage (1 Adult)
$74,835
per year
Living Wage (Family of 4)
$176,882
per year
Cost Index by Category
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD
1 Bedroom
$1,122
per month
2 Bedroom
$1,411
per month
The median household income in Troy, MI is $119,299, which is 62.9% above the national average of $73,224. Per capita income is $56,542. The poverty rate of 5.3% is lower than the MI state average of 14.1%. The Gini index of income inequality is 0.4148, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 4.0%, compared to the state average of 5.6%. The labor force is 47,267. 44.7% of adults hold a bachelor's degree or higher. About 71.8% of workers drive alone to work. The overall cost of living index is 170.1, which is 70.1% above the national average. Housing costs are above the national average at an index of 190.3. A single adult needs to earn approximately $74,835 per year to cover basic expenses.
Housing & Real Estate
Market SnapshotRedfin — January 2026
Median Sale Price
$400,000
Median List Price
$399,900
Price Per Sq Ft
$201
Days on Market
41
Active Inventory
117
Months of Supply
2.1
Seller's market
Zillow Home Value
$440,080
ZHVI — January 2026
Zillow Rent Index
$1,785
ZORI — January 2026
Market CompetitivenessRedfin
Sold Above List
23.2%
Off Market in 2 Weeks
42.4%
Sale-to-List Ratio
98.0%
Buyer's market
Price TrendsRedfin
Market ActivityRedfin
Homes Sold
56
New Listings
55
Pending Sales
33
Price Per Square FootRedfin
Median Sale $/SF
$201
Median List $/SF
$234
Troy vs Similar CitiesCensus ACS / Redfin
Compared to cities with 50,000 - 100,000 residents. Troy is highlighted.
Median Home Value
Troy, MI has a median home value of $396,800, making it the 4,586th highest median home value out of 27,993 cities in our database. This means that Troy has a higher median home value than 84% of all the cities we measured.
Median Rent
Troy, MI has a median rent of $1,557, making it the 3,795th highest median rent out of 22,337 cities in our database. This means that Troy has a higher median rent than 83% of all the cities we measured.
Median Price Per Sq Ft
Troy, MI has a price per square foot of $201, making it the 7,979th highest price per square foot out of 20,748 cities in our database. This means that Troy has a higher price per square foot than 62% of all the cities we measured.
Rent Burden
Troy, MI has a rent burden of 15.7%, making it the 15,701st highest rent burden out of 21,928 cities in our database. This means that Troy has a higher rent burden than 28% of all the cities we measured.
Census Housing DataU.S. Census Bureau ACS 2023
Median Home Value
$396,800
Median Rent
$1,557
Total Housing Units
34,997
Vacancy Rate
4.7%
Owner Occupied
74.2%
Renter Occupied
25.8%
Median Property Tax
$5,013
per year
Monthly Cost (w/ Mortgage)
$1,534
Housing Types
Property TaxU.S. Census Bureau ACS 2023
Median Property Tax
$5,013
per year
Effective Tax Rate
1.26%
of home value
Median Home Value
$396,800
Estimated Mean Tax
$5,424
The effective property tax rate is calculated by dividing the median annual property tax ($5,013) by the median home value ($396,800). In Troy, MI, this works out to an effective rate of 1.26%. This is above the national average of approximately 1.1%.
The current median sale price in Troy, MI is $400,000 according to Redfin data. Homes spend a median of 41 days on the market. 23.2% of homes sold above asking price. The market has 2.1 months of supply. The median price per square foot is $201. Zillow's observed rent index is $1,785/month. About 74.2% of housing units are owner-occupied. The median year homes were built is 1977. There are 34,997 total housing units. Homeowners pay a median annual property tax of $5,013. The effective tax rate is 1.26%, above the national average.
Crime Overview
Source: FBI Crime Data Explorer (2024)Violent Crime Rate
1.16
per 1,000 residents
-56% vs national
Property Crime Rate
12.77
per 1,000 residents
-26% vs national
Total Crimes
1,217
2024
Violent Clearance
63%
cases solved
Property Clearance
30%
cases solved
YoY Change
+29.3%
violent crime rate
worsening vs 2023
How Troy Compares
Source: FBI (2024)Troy vs Similar Cities
Source: FBI (2024)Compared to cities with 50,000 - 100,000 residents. Troy is highlighted in green.
Violent Crime Rate (per 1,000)
Property Crime Rate (per 1,000)
Murder Rate (per 1,000)
Crime Rate Trends
Source: FBICrime Composition
Source: FBI (2024)Violent Crime Breakdown
Property Crime Breakdown
Crime Clearance (Solve) Rates
Source: FBI (2024)Troy police solve 68% of aggravated assault cases but only 8% of motor vehicle theft cases.
Weapon Used in Violent Crime
Source: FBI (2024)Crime Breakdown
Source: FBI Crime Data Explorer (2024)| Crime Type | Category | Count | Rate per 1K | Clearance % |
|---|---|---|---|---|
| Murder | Violent | 0 | 0.00 | N/A |
| Rape | Violent | 22 | 0.25 | 54.5% |
| Robbery | Violent | 16 | 0.18 | 56.3% |
| Aggravated Assault | Violent | 63 | 0.72 | 68.3% |
| Burglary | Property | 72 | 0.82 | 20.8% |
| Larceny/Theft | Property | 948 | 10.84 | 33.4% |
| Motor Vehicle Theft | Property | 96 | 1.10 | 8.3% |
Troy, MI reported 101 violent crimes and 1,116 property crimes in 2024. The violent crime rate of 1.16 per 1,000 residents is 55.6% below the national average of 2.60 per 1,000. Law enforcement cleared 63% of violent crimes. Larceny/theft accounts for 948 of the property crime reports. Firearms were involved in 15.9% of aggravated assaults. Violent crime has been trending upward.
Crime History
Source: FBI| Year | Violent | Property | Violent Rate | Property Rate |
|---|---|---|---|---|
| 2024 | 101 | 1,116 | 1.16 | 12.77 |
| 2023 | 78 | 1,229 | 0.89 | 14.08 |
| 2022 | 102 | 1,305 | 1.18 | 15.08 |
| 2021 | 99 | 872 | 1.18 | 10.40 |
| 2020 | 91 | 740 | 1.08 | 8.76 |
| 2019 | 67 | 1,042 | 0.79 | 12.30 |
| 2018 | 53 | 1,157 | 0.63 | 13.74 |
| 2017 | 56 | 1,278 | 0.67 | 15.20 |
| 2016 | 78 | 1,338 | 0.93 | 15.98 |
| 2015 | 51 | 1,419 | 0.61 | 16.97 |
Natural Hazard Risk
Source: FEMA National Risk IndexRisk Score
97.5
Relatively High
Expected Annual Loss
98.3
Score (0-100)
Social Vulnerability
16.6
Score (0-100)
Community Resilience
90.4
Score (0-100)
Scores range from 0 (lowest risk) to 100 (highest risk) relative to all U.S. communities. Data from FEMA National Risk Index.
Disaster History & Federal Spending
Source: FEMATotal Declarations
15
Public Assistance
$90.8M
Individual Assistance
$75.2M
Most Common Type
Severe Storm
5 declarations
Public Assistance by Category
| Disaster | Type | Date | PA $ | IA $ |
|---|---|---|---|---|
| Severe Storms, Tornadoes, and Flooding → | Flood | Feb 2024 | — | $26.9M |
| Severe Storms, Flooding, and Tornadoes → | Severe Storm | Jul 2021 | — | $2.0M |
| Covid-19 Pandemic → | Biological | Mar 2020 | $82.1M | $17.7M |
| Covid-19 → | Biological | Mar 2020 | — | — |
| Severe Storms and Flooding → | Flood | Sep 2014 | $5.7M | $27.1M |
| Hurricane Katrina Evacuation → | Hurricane | Sep 2005 | $4K | — |
| Severe Storms, Tornadoes, and Flooding → | Severe Storm | Jun 2004 | — | $1.6M |
| Power Outage → | Other | Sep 2003 | $949K | — |
| Snow → | Snowstorm | Jan 2001 | $1.1M | — |
| Severe Storms and Flooding → | Severe Storm | Oct 2000 | — | — |
| Mi - Severe Weather 1/2 /99 → | Snowstorm | Jan 1999 | $854K | — |
| Severe Storms, Tornadoes,and Flooding → | Severe Storm | Jul 1997 | — | — |
| Blizzards & Snowstorms → | Snowstorm | Jan 1978 | — | — |
| Severe Storms, Tornadoes, Icing & Floodi… → | Severe Storm | Mar 1976 | — | — |
| Severe Storms, High Winds & Flooding → | Flood | Apr 1975 | — | — |
| Severe Storms and Flooding → | Unknown | — | — | — |
| Covid-19 Pandemic → | Unknown | — | — | — |
PA = FEMA Public Assistance (infrastructure recovery). IA = Individual Assistance (homeowner/renter aid).
Flood Insurance (NFIP)
Source: FEMA NFIPTotal Claims
577
Total Claims Paid
$5,447,035
Avg Claim Payout
$9,440
County-level NFIP data from FEMA National Flood Insurance Program.
Hazard Mitigation
Source: FEMA Hazard Mitigation AssistanceMitigation Projects
28
Federal Funding
$2,835,289
Avg Benefit-Cost Ratio
0.85
BCR
Top Mitigation Project Types
| Project Type | Projects | Federal $ |
|---|---|---|
| 600.1: Warning Systems (as a Component of a Planned, Adopted, and Exercised Risk Reduction Plan) | 6 | $200,175 |
| 91.1: Local Multihazard Mitigation Plan | 4 | $127,372 |
| 103.1: Feasibility, Engineering and Design Studies | 3 | $1,724,347 |
| 500.1: Flood Control - Floodwall | 2 | $67,210 |
| 405.1: Other Minor Flood Control | 2 | $255,715 |
Federally funded projects to reduce future disaster risk. Only includes completed or obligated projects.
Troy has a relatively high overall natural hazard risk rating according to FEMA's National Risk Index. The top hazard risks are tornado, ice storm, cold wave. The area has had 15 federal disaster declarations. The most common disaster type is severe storm (5 declarations). 577 flood insurance claims have been filed in the area. FEMA has obligated $90,751,953 in public assistance recovery funding. $75,239,601 has been distributed in individual assistance to disaster-affected residents. 28 hazard mitigation projects have been funded to reduce future risk.
Health
Community Health
Source: CDC PLACES
Obesity Rate
26.5%
9.6pp below the national average
Depression Rate
18.7%
4.8pp below the national average
Diabetes Rate
9.6%
2.3pp below the national average
Uninsured Rate
4.3%
6.3pp below the national average
Health Scorecard
Higher scores indicate better health outcomes relative to the national average (50 = average)
Health Outcomes
Age-adjusted prevalence rates. Green bars indicate rates below the national average; red indicates above.
High Cholesterol
35.0%
Arthritis
22.8%
Cancer (excl. skin)
8.5%
Teeth Lost (65+)
5.5%
Health Risk Behaviors
Prevention & Screening
Green bars indicate rates above the national average (more preventive care); red indicates below.
Mental Health & Wellbeing
Frequent Mental Distress
12.8%
14+ days in past month
Depression
18.7%
Loneliness
29.8%
Lack of Support
21.0%
Disability Prevalence
Any Disability
20.3%
Mobility
8.9%
Cognitive
9.3%
Hearing
5.6%
Vision
3.1%
Self-Care
2.3%
Independent Living
5.2%
Health-Related Social Needs
Prevalence of social risk factors affecting community health
Troy has an obesity rate of 26.5%, which is 9.6pp below the national average. The depression rate is 18.7%, 4.8pp below the national average. About 4.3% of adults lack health insurance. 81.5% of residents had an annual checkup in the past year.
Nearby Hospitals
Source: CMS Hospital Compare
Nearest Hospitals
5
With Emergency Services
4
Avg CMS Rating
2.5 / 5
Nearest Hospital
1.8 mi
Beaumont Hospital, Troy
| Hospital | Distance | Type | Rating | ER |
|---|---|---|---|---|
| Beaumont Hospital, Troy | 1.8 mi | Acute Care Hospitals | 3/5 | Yes |
| Beaumont Hospital Royal Oak | 4.6 mi | Acute Care Hospitals | 3/5 | Yes |
| Ascension Providence Rochester Hospital | 5.3 mi | Acute Care Hospitals | 2/5 | Yes |
| The Behavioral Center Of Michigan | 6.6 mi | Psychiatric | — | — |
| Mclaren Oakland | 7.8 mi | Acute Care Hospitals | 2/5 | Yes |
Climate & Environment
Water Systems
Source: EPA SDWISWater Systems
8
Pop. Served
88,394
Violations (5yr)
0
No violations
| System Name | Pop. Served | Violations (5yr) |
|---|---|---|
| TROY | 85,854 | 0 |
| THORNAPPLE LAKE ESTATES | 538 | 0 |
| MISSISSIPPI MANUFACTURED HOME COMMUNITY | 503 | 0 |
| GREEN ACRES MOBILE HOME PARK | 500 | 0 |
| CREEKSIDE MEADOWS OF ST. JOHNS | 387 | 0 |
| MEADOWS OF BLOOMINGTON MHP | 343 | 0 |
| BLUE LAKE RESIDENCES | 212 | 0 |
| PINECREST APARTMENTS | 57 | 0 |
There are 8 water systems serving the area.
Infrastructure
Commute Overview2023 ACS
Drive Alone
71.8%
-9% vs national
Public Transit
0.1%
-83% vs national
Work From Home
20.2%
+117% vs national
Carpool
5.7%
Walk / Bike
1.3%
combined
How Troy's Commute ComparesCensus ACS 2023
How People Get to WorkCensus ACS 2023
Commute Mode BreakdownCensus ACS 2023
Traffic Fatalities
Source: NHTSA FARS (2023)Fatalities
1
2023
4-Year Avg
4
fatalities/yr
| Year | Crashes | Fatalities | Alcohol | Pedestrian | Cyclist |
|---|---|---|---|---|---|
| 2023 | 1 | 1 | 0 | 0 | 0 |
| 2021 | 4 | 5 | 0 | 2 | 0 |
| 2020 | 3 | 4 | 0 | 1 | 0 |
| 2019 | 5 | 5 | 0 | 1 | 0 |
Data from NHTSA Fatality Analysis Reporting System (FARS). Includes only crashes involving at least one fatality.
Commute data for Troy, MI covers travel times and transportation modes. 71.8% of workers drive alone, compared to the national average of 78.7%. 20.2% work from home, which is above the MI state average of 9.1%. 5.7% of workers carpool. In 2023, there were 1 traffic fatality from 1 fatal crash.
Internet & Broadband Access
Source: Census ACSBroadband Access
95.9%
of households
Cable / Fiber / DSL
85.9%
of households
No Internet
2.8%
of households
Total Households
33,369
Internet Subscription Types
Device Ownership
Source: Census ACSHas Computer
97.6%
of households
Smartphone
93.4%
of households
Desktop / Laptop
90.4%
of households
Tablet
73.6%
of households
Percentage of households with each device type. Data from the U.S. Census Bureau ACS (2023 5-year estimates, tables B28001 & B28002).
Electricity Rates
Source: U.S. Energy Information Administration (2024)Residential Rate
19.3¢
per kWh
+5% vs 50,000 - 100,000 avg
Commercial Rate
14.0¢
per kWh
-5% vs 50,000 - 100,000 avg
Industrial Rate
8.3¢
per kWh
-26% vs 50,000 - 100,000 avg
Avg Monthly Bill
$119
residential
-18% vs 50,000 - 100,000 avg
13% above the national average of 17.1¢/kWh
Residential electricity in Michigan averages 19.3¢ per kWh, compared to the national average of 17.1¢. The average monthly electric bill is $119. State-level averages from EIA Electric Sales & Revenue data (2024).
Troy vs Similar Cities
Source: EIA (2024)Comparing electricity rates with randomly selected cities of similar population (50,000 - 100,000). Each city represents its state's average rate.
Residential Rate (¢/kWh)
Commercial Rate (¢/kWh)
Industrial Rate (¢/kWh)
Average Monthly Bill
Water Systems
Source: EPA SDWISWater Systems
8
Population Served
88,394
Violations (5yr)
0
| System Name | Type | Source | Pop. Served | Violations |
|---|---|---|---|---|
| TROY | Community | Purchased surface water | 85,854 | 0 |
| THORNAPPLE LAKE ESTATES | Community | Ground water | 538 | 0 |
| MISSISSIPPI MANUFACTURED HOME COMMUNITY | Community | Purchased surface water | 503 | 0 |
| GREEN ACRES MOBILE HOME PARK | Community | Ground water | 500 | 0 |
| CREEKSIDE MEADOWS OF ST. JOHNS | Community | Ground water | 387 | 0 |
| MEADOWS OF BLOOMINGTON MHP | Community | Purchased surface water | 343 | 0 |
| BLUE LAKE RESIDENCES | Community | Ground water | 212 | 0 |
| PINECREST APARTMENTS | Community | Ground water | 57 | 0 |
95.9% of households in Troy have broadband internet access. 85.9% have cable, fiber, or DSL service. 7.9% rely solely on cellular data without a wired connection. 2.8% of households have no internet access. The area is served by 8 water systems, providing water to 88,394 people. No water quality violations have been reported in the past 5 years.
Politics & Government
County-level data: Election results are reported at the county level. Troy is located in Oakland County, MI. Results reflect all voters in the county, not just those in Troy.
Election Overview
Source: Oakland County (2024)2024 Winner
Democrat
Dem Votes
419,519
54.4%
GOP Votes
337,791
43.8%
Total Votes
771,939
Margin
D+10.6%
Shift from 2020
R+3.5pp
vs prior election
Election History
Source: County-Level Election Results| Year | Dem Votes | GOP Votes | Total | Dem % | GOP % | Margin |
|---|---|---|---|---|---|---|
| 2024 | 419,519 | 337,791 | 771,939 | 54.4% | 43.8% | D+10.6 |
| 2020 | 434,148 | 325,971 | 770,351 | 56.4% | 42.3% | D+14.1 |
| 2016 | 342,976 | 289,127 | 663,255 | 51.7% | 43.6% | D+8.1 |
In the 2024 presidential election, Oakland County recorded 771,939 total votes. Democrats won the county with 54.4% of the vote compared to 43.8% for Republicans, a margin of D+10.6%. Compared to 2020, the margin shifted R+3.5pp from the previous election. Since 2016, Oakland County has shifted 2.5 percentage points toward Democrats.
Nonprofits Overview
Source: IRS Exempt Organizations BMFTotal Nonprofits
597
Total Assets
$5.0B
Total Income
$395.0M
Per 10K Residents
68.4
nonprofits
+14.4% vs peers avg
Orgs with >$1M Assets
86
Median Assets
$333K
Oldest Active
1928
ruling year
Newest Org
2026
ruling year
Nonprofits by Category
Source: IRS / NTEE ClassificationTop 10 hold $4.6B of $5.0B total
Nonprofit Size Distribution
Source: IRS Exempt Organizations BMFNumber of nonprofits by total asset size
When Were Nonprofits Founded?
Source: IRS Ruling DateNumber of currently active nonprofits by founding decade
Nonprofits per 10K Residents vs Similar Cities
Source: IRS BMF + Census ACSCompared to cities with population 50,000 - 100,000
Largest Nonprofits in Troy
Source: IRS Exempt Organizations BMFTroy, MI has 597 registered 501(c)(3) nonprofit organizations with combined assets of $5.0B. The most common category is Education, with 92 organizations. 86 nonprofits have assets exceeding $1 million. That works out to 68.4 nonprofits per 10,000 residents. The oldest active nonprofit dates back to 1928.
SBA Lending Overview
Source: SBA FOIA Loan-Level DataTotal SBA Loans
1,135
Total Approved
$403.4M
Jobs Supported
14,439
Per 10K Residents
130.0
SBA loans
+154.6% vs peers avg
Unique Lenders
119
Top Lender
The Huntington National Bank
367 loans
Top Industry
Professional & Technical Services
Data Span
1992–2026
Loan Program Breakdown
Source: SBA FOIALoans
1,026
Total Amount
$337.1M
Avg Loan
$328,510
Median Loan
$125,000
SBA Guaranteed
$243.0M(72%)
Jobs Supported
11,255
Loans
109
Total Amount
$66.4M
Avg Loan
$609,138
Median Loan
$376,000
Recent Activity (Last 5 Years)
Source: SBA FOIARecent Loans
239
21% of all-time total
Recent Amount
$124.0M
31% of all-time total
Avg Recent Loan
$518,817
Top Industries Funded
Source: SBA FOIA / NAICS CodesSBA Loans per 10K Residents vs Similar Cities
Source: SBA FOIA + Census ACSCompared to cities with population 50,000 - 100,000
Top SBA Borrowers
Source: SBA FOIA| Business | Loans | Amount |
|---|---|---|
| Imbranded | 1 | $5.0M |
| Continental Interiors Inc | 1 | $4.9M |
| Straightline Group Llc | 1 | $4.8M |
| Advanced Lighting & Sound Inc. | 2 | $4.3M |
| Key Hotel Management Llc | 1 | $4.3M |
| Detroit Engineered Products Inc. | 2 | $3.9M |
| Road to One Hundred, Llc | 1 | $3.8M |
| Eastman Fire Protection Company Llc | 4 | $3.6M |
| Troy Bowl Bar Llc | 1 | $3.6M |
| G & S Auto Wash Llc | 1 | $3.5M |
Troy, MI has received 1,135 SBA loans totaling $403.4M in approved funding between 1992 and 2026. The 7(a) program accounts for 1,026 loans (90% of the total), supporting 11,255 jobs. The 504 program, focused on real estate and large equipment, has funded 109 loans totaling $66.4M. The most common industry receiving SBA funding is Professional & Technical Services. The most active SBA lender in Troy is The Huntington National Bank with 367 loans. That works out to 130.0 SBA loans per 10,000 residents.
ZIP Code Overview
Source: Census ACSZIP Codes
42
Total Population
949,623
Avg Median Income
$98,494
Avg Home Value
$314,310
ZIP Code Details
Source: Census ACS| ZIP Code | Population | Median Income | Home Value | Median Rent | Area (sq mi) |
|---|---|---|---|---|---|
| 48009 | 21,623 | $152,443 | $712,000 | $1,891 | 5.0 |
| 48015 | 8,448 | $52,857 | $145,300 | $627 | 1.8 |
| 48017 | 11,271 | $86,935 | $251,600 | $1,255 | 2.2 |
| 48025 | 14,755 | $177,126 | $514,500 | $2,397 | 8.0 |
| 48030 | 14,945 | $62,878 | $141,200 | $1,221 | 2.8 |
| 48034 | 15,213 | $59,634 | $259,400 | $1,275 | 4.3 |
| 48067 | 24,496 | $107,355 | $309,200 | $1,435 | 4.6 |
| 48069 | 2,607 | $161,058 | $435,500 | $1,795 | 0.6 |
| 48070 | 6,322 | $188,229 | $470,600 | $2,266 | 1.5 |
| 48071 | 28,411 | $66,726 | $190,300 | $1,138 | 7.1 |
| 48072 | 15,084 | $113,103 | $289,200 | $1,436 | 2.4 |
| 48073 | 33,427 | $86,426 | $302,800 | $1,245 | 7.4 |
| 48075 | 23,158 | $67,630 | $218,900 | $1,284 | 7.3 |
| 48076 | 24,817 | $85,171 | $251,300 | $1,451 | 7.1 |
| 48083 | 23,619 | $88,551 | $293,300 | $1,277 | 8.6 |
| 48084 | 15,659 | $106,004 | $420,000 | $1,648 | 6.2 |
| 48085 | 27,371 | $144,146 | $395,300 | $2,213 | 9.3 |
| 48088 | 23,443 | $79,137 | $205,400 | $1,144 | 4.4 |
| 48091 | 30,207 | $53,400 | $138,700 | $1,231 | 7.9 |
| 48092 | 27,867 | $71,761 | $205,300 | $1,186 | 8.2 |
| 48093 | 24,485 | $66,420 | $197,100 | $1,123 | 5.9 |
| 48098 | 20,658 | $165,781 | $485,300 | $1,720 | 9.4 |
| 48220 | 21,502 | $86,095 | $229,700 | $1,191 | 4.4 |
| 48237 | 29,370 | $65,882 | $198,500 | $1,354 | 5.2 |
| 48301 | 14,749 | $163,571 | $670,600 | $1,878 | 7.4 |
| 48302 | 17,346 | $175,698 | $624,200 | $2,048 | 11.0 |
| 48304 | 17,436 | $140,700 | $481,500 | $1,492 | 11.4 |
| 48306 | 27,831 | $165,545 | $522,200 | $1,645 | 22.1 |
| 48307 | 44,267 | $105,118 | $329,400 | $1,499 | 15.2 |
| 48309 | 30,254 | $117,788 | $394,700 | $1,625 | 15.6 |
| 48310 | 43,218 | $77,851 | $263,100 | $1,368 | 8.8 |
| 48312 | 35,026 | $71,266 | $253,700 | $1,176 | 11.1 |
| 48313 | 33,850 | $87,292 | $248,800 | $1,152 | 8.7 |
| 48314 | 21,379 | $80,383 | $309,700 | $1,397 | 7.8 |
| 48315 | 28,428 | $99,512 | $357,700 | $1,181 | 12.9 |
| 48316 | 28,355 | $101,232 | $362,100 | $1,380 | 11.3 |
| 48317 | 27,998 | $72,465 | $248,700 | $1,227 | 12.0 |
| 48320 | 4,257 | $77,700 | $317,900 | $1,153 | 1.1 |
| 48326 | 24,488 | $79,468 | $235,300 | $1,411 | 16.9 |
| 48340 | 25,696 | $46,474 | $105,800 | $1,096 | 7.7 |
| 48341 | 19,060 | $46,185 | $124,600 | $917 | 6.7 |
| 48342 | 17,227 | $33,750 | $90,600 | $851 | 5.2 |
Troy, MI has 42 ZIP codes with a combined population of 949,623. The average median household income across all ZIP codes is $98,494. The average median home value is $314,310. The average median monthly rent is $1,412.
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