Cost of Living in Troy, NY
Population: 51,054 • 2026 Data
$57,688
Median Household Income
-25% vs national
$1,134
Median Monthly Rent
-16% vs national
$192,500
Median Home Value
-43% vs national
9.4%
Unemployment Rate
Housing in Troy
The median home value in Troy, NY is $192,500. Monthly rent for a typical unit averages $1,134, while total monthly housing costs (including utilities and insurance) average $1,156.
Rent-to-income ratio: 23.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Troy, NY is $57,688. The unemployment rate stands at 9.4%, with a labor force of 26,293 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.