Troy, OH Profile: Facts & Data

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Troy, Ohio - Basic Facts

The City of Troy had a population of 26,339 as of July 1, 2019. Troy ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Ohio. See peer rankings below.

The primary coordinate point for Troy is located at latitude 40.0395 and longitude -84.2033 in Miami County. The formal boundaries for the City of Troy encompass a land area of 11.76 sq. miles and a water area of 0.22 sq. miles. Miami County is in the Eastern time zone (GMT -5). The elevation is 837 feet.

The City of Troy (GNIS ID: 2397060) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Troy is located within Township of Concord, a minor civil division (MCD) of Miami County.


Jump to... (On This Page!)
  1. Troy 2019 Demographic Data
  2. Growth Rates for Troy (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Ohio Research Tools (Easy Tools & Current Data)
  3. Ohio Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Troy, OH Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Troy, OH Housing Affordability Index is 195
State of Ohio Housing Affordability Index is 156
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Troy, OH Wealth Index is 72
State of Ohio Wealth Index is 84
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Ohio COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 26,339 (100%)
Population in Households 25,831 (98.1%)
Population in Families 20,171 (76.6%)
Population in Group Quarters1 508 ( 1.9%)
Population Density 2,192
Diversity Index2 25
 

INCOME

Median Household Income $57,743
Average Household Income $72,885
Per Capita Income $30,211
Wealth Index4 72

HOUSING

Total Housing Units 11,536 (100%)
Owner Occupied HU 6,447 (55.9%)
Renter Occupied HU 4,422 (38.3%)
Vacant Housing Units 668 ( 5.8%)
Median Home Value $141,593
Housing Affordability Index3 195
 

HOUSEHOLDS

Total Households 10,868
Average Household Size 2.38
Family Households 6,787
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.5% 0.46%
Households 0.49% 0.46%
Families 0.26% 0.28%
Median Household Income   2.23%
Per Capita Income   2.39%

Troy, OH - Peer Comparisons by Rank and Percentile

The table below compares Troy to the other 1,215 incorporated cities, towns and CDPs in Ohio by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 59 95th
Population Density # 211 83rd
Diversity Index # 247 80th
Median Household Income # 512 58th
Per Capita Income # 399 67th

Additional comparisons and rankings can be made with a VERY EASY TO USE Ohio Census Data Comparison Tool.

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