Cost of Living in Troy, OH
Population: 26,716 • 2026 Data
$70,450
Median Household Income
-9% vs national
$934
Median Monthly Rent
-31% vs national
$199,400
Median Home Value
-41% vs national
4.9%
Unemployment Rate
Housing in Troy
The median home value in Troy, OH is $199,400. Monthly rent for a typical unit averages $934, while total monthly housing costs (including utilities and insurance) average $1,002.
Rent-to-income ratio: 15.9%. 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, OH is $70,450. The unemployment rate stands at 4.9%, with a labor force of 13,845 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.