Cost of Living in Troy, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
105.5
100 = national avg
+5.5 vs national average
Living Wage (1 Adult)
$46,424
per year
Living Wage (Family of 4)
$109,730
per year
Cost Index by Category
Housing129.1
Food94.1
Transportation88.2
Healthcare95.3
Utilities102.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,417
per month
2 Bedroom
$1,702
per month
The overall cost of living index in Troy is 105.5, which is 5.5% above the national average. Housing costs are above the national average at an index of 129.1. A single adult needs to earn approximately $46,424 per year to cover basic expenses.