Troy, MI 48098 has a population of approximately 19,227 and experiences a population change rate of -57.25%. The population density is 2,048.5 / sq mi .
Troy, MI 48098 has a population of approximately 19,227 and experiences a population change rate of -57.25%. The population density is 2,048.5 / sq mi .
The median household income for Troy, MI 48098 is $149,337, with 7,315 households and an average household size of 2.76.
The median value of a home in Troy, MI 48098 is $476,700 with an appreciation rate of 10.80%. 85.21% of housing in the state is owned while 7.43% is rented.
The cost of living in Troy, MI 48098 is 140.8 %.
The unemployment rate in Troy, MI 48098 is 1.60%, and recent job growth is at 0.83%. Future job growth is projected at 45.92%.
The sales tax rate in Troy, MI 48098 is 6.00%, while the income tax rate is 4.25% .
School expenditures in Troy, MI 48098 are $15,188, and the school ratio is 17:1.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 15.7 degrees. The average rainfall is approximately 32.4 inches per year, with 33.5 inches of snow per year.