The following chart displays the households in Troy, MI distributed between a series of income buckets compared to the national averages for each bucket. In 2020, 74.5% of the housing units in Troy, MI were occupied by their owner. This service is provided for the sole purpose of showing the applicable Area Median Income (AMI) for each applicable census tract. Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload. The homeownership rate in Troy, MI is 74.5%, which is approximately the same as the national average of 64.4%. This chart illustrates the share breakdown of the primary jobs held by residents of Troy, MI. Troy, MI Quality of Life Liv Score 633 How We Calculate Our Data Why Troy is one of the best cities to live in Roughly 20 miles north of Detroit is Troy, MI, a city wrapped in history yet bubbling with modern amenities. "Match Any Neighborhood" calculates the Match Level of one neighborhood to another using more than 200 characteristics of each neighborhood. Rental Assistance Programs Looking for government and non-profit programs to assist you with paying for your rent? Our nationally-comparable school ratings are covered under US Patent No. As of February 2023, there are 155M people employed in Michigan. A lock ( Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insights. This percentage grew from the previous year's rate of 73.8%. Data Sources Academics A+ Diversity A minus Teachers A+ College Prep A+ Clubs & Activities A Administration A+ View Full Report Card Troy School District is a top rated, public school district located in TROY, MI. The . The most common companies reported by employees working in Troy, MI. Troy, Michigan's cost of living is 6% higher than the national average. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Overview. The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If you would like to know the cost of living in other cities, then please enter a city name. In 2020, Troy, MI had a population of 84.1k people with a median age of 42.1 and a median household income of $104,132. Accountants perform financial calculations for companies in a wide variety of fields. For more details, About You You're awesome. Primary care physicians in Oakland County, MI see an average of 690 patients per year. 2023 Forbes Media LLC. Using averages, employees in Troy, MI have a shorter commute time (25.8 minutes) than the normal US worker (26.9 minutes). The NeighborhoodScout search engine is covered under US Patents No. None of the households in Troy, MI reported speaking a non-English language at home as their primary shared language. that oversees more junior Accountants, this experience can increase the likelihood to earn more. Try another search query or, New research shows how to set pay for remote employees. Ideally, youll find that you can afford the cost of living in your new destination, but having that Jump to a detailed profile, search site with google or try advanced search. The GINI for Michigan was lower than than the national average of 0.478. Deposits:, headquarters in Troy, MI, negative income in the last year, Mortgage Lending Specialization, 135 total offices; Bank of Birmingham: Bank Of Birmingham at 33583 Woodward Avenue, . In Troy, MI the largest share of households pay taxes in the $3k+ range. Some areas have more affordability and availability of healthcare options than others, and depending on your specific needs, you may need to prioritize moving to areas with lower healthcare costs. The largest universities in Troy, MI by number of degrees awarded are Walsh College (665 and 60.6%), Michigan College of Beauty-Troy (211 and 19.2%), and Chamberlain University-Michigan (101 and 9.21%). Data is only available at the country level. The cost of living in Troy is 11% higher than the national average ; Troy housing is 27% higher than the national average ; Michigan general sales tax is 18% higher than the national average ; Michigan state income tax is 88% higher than the national average Troy. Between 2019 and 2020 the population of Detroit, MI declined from 674,841 to 672,351, a 0.369% decrease and its median household income grew from $30,894 to $32,498, a 5.19% increase. Members of the House of Representives are elected to 2-year terms, and the following chart shows the how the members for Michigan have changed over time starting in 2008. 16.50 including tips!. Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload, Project Manager, (Unspecified Type / General). The largest share of households have an income in the $200k+ range. The following chart shows the share of these products in relation to all outbound Michigan products. Overview. New York has the second highest (5,087), followed by Florida (4,915). Private for-profit, 4-year or above ($600) is the sector with the highest average net price of books and supplies. MI, you'll need a These are the most common groups that city residents self-reported as their ancestry. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. The average car ownership in Troy, MI was 2 cars per household. Dog & Cat Friendly In Unit Washer & Dryer CableReady Heat Stainless Steel Appliances Smoke Free. Measuring America's People, Places, and Economy, Population Estimates, July 1, 2022, (V2022), Population estimates base, April 1, 2020, (V2022), Population, percent change - April 1, 2020 (estimates base) to July 1, 2022, (V2022), American Indian and Alaska Native alone, percent, Native Hawaiian and Other Pacific Islander alone, percent, White alone, not Hispanic or Latino, percent, Owner-occupied housing unit rate, 2017-2021, Median value of owner-occupied housing units, 2017-2021, Median selected monthly owner costs -with a mortgage, 2017-2021, Median selected monthly owner costs -without a mortgage, 2017-2021, Living in same house 1 year ago, percent of persons age 1 year+, 2017-2021, Language other than English spoken at home, percent of persons age 5 years+, 2017-2021, Households with a computer, percent, 2017-2021, Households with a broadband Internet subscription, percent, 2017-2021, High school graduate or higher, percent of persons age 25 years+, 2017-2021, Bachelor's degree or higher, percent of persons age 25 years+, 2017-2021, With a disability, under age 65 years, percent, 2017-2021, Persons without health insurance, under age 65 years, percent, In civilian labor force, total, percent of population age 16 years+, 2017-2021, In civilian labor force, female, percent of population age 16 years+, 2017-2021, Total accommodation and food services sales, 2017 ($1,000), Total health care and social assistance receipts/revenue, 2017 ($1,000), Total transportation and warehousing receipts/revenue, 2017 ($1,000), Mean travel time to work (minutes), workers age 16 years+, 2017-2021, Median household income (in 2021 dollars), 2017-2021, Per capita income in past 12 months (in 2021 dollars), 2017-2021, Total employment, percent change, 2020-2021, Men-owned employer firms, Reference year 2017, Women-owned employer firms, Reference year 2017, Minority-owned employer firms, Reference year 2017, Nonminority-owned employer firms, Reference year 2017, Veteran-owned employer firms, Reference year 2017, Nonveteran-owned employer firms, Reference year 2017. The median tuition cost in Troy, MI for private four year colleges is $19,785. Voting results are not available for Troy, MI. A cost of living index above 100 means Troy, Michigan is more expensive. Troy has seen the job market increase by 0.3% over the last year. The US average is $28,555 a year. Maybe Salaries by years of experience in Troy, MI View job openings with the years of experience that is relevant to you on Indeed View jobs Is this useful? To maintain your standard of living in Troy, MI, you'll need a household income of: $71,209 The cost of living is 1.70% higher in Troy, MI The total income needed is $1,209 more than. Median income: $76,347; Average rent: $953 (monthly), $11,436 (yearly) Rent-to-income ratio: 15.0 percent; . Private not-for-profit, 4-year or above ($19,785) is the sector with the highest median state tuition in 2021. Foreign Born residents have immigrated to the United States from another country and may or may not be naturalized citizens. Most people in Troy, MI drove alone to work, and the average commute time was 25.8 minutes. Edison Crossing Section 8 Project-Based Voucher is open. The following map shows the amount of trade that Michigan shares with each state (excluding itself). This chart shows the share breakdown of the primary industries for residents of Troy, MI, though some of these residents may live in Troy, MI and work somewhere else. The largest share of households in Troy, MI have 2 cars. 2869 Troy Center Dr, Troy, MI 48084. Private for-profit, 4-year or above ($920) is the sector with the highest median state fee in 2021. Why do people leave their jobs? Entry-level general manager salary. The following chart shows the percentage of foreign-born residents in Troy, MI compared to that of it's neighboring and parent geographies. Income and Salaries for Troy - The average income of a Troy resident is $39,781 a year. 2 salaries reported, updated at February 1, 2023. The median property value in Troy, MI was $318,600 in 2020, which is 1.39 times larger than the national average of $229,800. Studio - 2 Beds. The following chart shows monthly employment numbers for each industry sector in Michigan. The following chart shows the popular vote results in Michigan for each registered party from 1976 to 2020. The search engine finds the neighborhoods that are the optimum fit to the set of criteria you choose. How much does a general manager make in Troy, MI? Are you sure you want to rest your choices? The median household income in Troy, MI in 2021 was $98,170, which was 35.3% greater than the median annual income of $63,498 across the entire state of Michigan. All the trademarks displayed on this page are the property of Location, Inc. LOCATION 1122 S. Rochester Road Rochester Hills MI US 48307. This chart shows the percentage of owner in Troy, MI compared it's parent and neighboring geographies. The rule of thumb is not to spend more than 30% of your total income on housing. organization in the United States. Groceries What am I worth? An amount below 100 means Troy is cheaper than the US average. Secure .gov websites use HTTPS Restaurant Team Member - 209 S. Livernois Rd. This chart shows the number of workers in Michigan across various wage buckets compared to the national average. Primary care physicians in Oakland County, MI see 690 patients per year on average, which represents a 2.54% decrease from the previous year (708 patients).
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