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The total population of Troy is estimated to be 579 with 253 males (43.70%) and 326 females (56.30%). There are 73 more females than males in Troy.
The median household income in Troy was $51,073 in 2021, which marked an an increase of 3,261(6.82%) from $47,812 in 2020. This income is 68.46% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Troy sees its highest median household income among householders in the age group of 25 to 44 years old, at $55,345. Overall, the median household income for the town of Troy stands at $51,073.
In Troy, the median income for all workers aged 15 years and older, regardless of work hours, was $47,965 for males and $32,878 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $54,643 for males and $46,361 for females.
In Troy, population is primarily represented by White households, reporting a median income of $54,146.
In 2022, the population of Troy was 359, a 1.13% increase year-by-year from 2021. Previously, in 2021, Troy's population was 355, an increase of 2.60% compared to a population of 346 in 2020.
The median age in Troy, IN is 37.1, as per 2021 ACS 5-Year Estimates. Of the total population, 32.97% were under the age of 15, 7.34% aged 15 to 29, 40.62% aged 30 to 64, 18.91% aged 65 to 84, and 0.16% were 85 years of age and older.
Racial distribution of Troy population: 96.41% are White and 3.59% are multiracial.