Smart Movers Club

    Moving to Troy, MI

    Is Troy a good place to live?

    Watch Troy

    Troy ranks #5 of 50 Michigan cities with 25,000+ people on the Smart Movers livability score (71/100), which weighs home affordability, unemployment, education and population growth. Population grew 0.2% in the latest Census year.

    Median home value
    $396,800
    +5.6% vs prior year
    Median rent
    $1,557
    per month
    Household income
    $119,299
    median
    Unemployment
    4.0%
    lower is better

    Cost of living in Troy

    The median home value in Troy is $396,800 and median rent is $1,557 a month, against a median household income of $119,299. Homes cost about 3.3× a year of income (under 3× is considered affordable).

    Troy crime rate

    City-level FBI figures vary by agency; across Michigan the 2025 rate was 431 violent and 1,300 property crimes per 100,000 people — #28 highest of 50 states. The full report breaks down local trends.

    Moving to Troy, MI

    Troy has about 87,307 residents, 4.0% unemployment and 33% of adults with a bachelor's degree or higher.

    Compare Troy with

    Troy vs DetroitTroy vs Grand RapidsTroy vs WarrenTroy vs Sterling HeightsTroy vs Ann ArborTroy vs LansingTroy vs DearbornTroy vs Livonia

    More: Where to move in Michigan · Best counties in Michigan

    Sources: U.S. Census Bureau ACS 5-year estimates (2023, compared with 2022); FBI Crime Data Explorer.

    Home listings, local news, migration, schools, resources and the Smart Movers Grade & Verdict.

    See the full Smart Movers Club report