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Economy in Troy, Michigan

Overview, People, Health, Economy, Housing, Rankings, Crime
Climate, Education, Transportation, Cost of Living, Religion, Voting

Economy
EconomyTroy, MIUnited States
Unemployment Rate8.90%9.10%
Recent Job Growth-1.55%-0.12%
Future Job Growth28.00%31.25%
Sales Taxes6.00%6.80%
Income Taxes4.35%6.25%
Income per Cap.$41,646$27,067
Household Income$87,986$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K4.72%12.10%
Income between 15K and 25K4.76%10.18%
Income between 25K and 35K5.08%10.56%
Income between 35K and 50K9.73%14.98%
Income between 50K and 75K17.49%19.53%
Income between 75K and 100K15.77%12.52%
Income between 100K and 150K22.45%12.14%
Income between 150K and 250K9.92%3.91%
Income between 250K and 500K8.67%3.34%
Income greater than 500K1.41%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations23.26%13.81%
Professional and Related Occupations35.50%22.68%
Service10.22%14.51%
Sales and Office25.46%25.22%
Farming, Fishing, and Forestry0.02%0.68%
Construction, Extraction, and Maintenance3.49%9.37%
Production, Transportation, and Material Moving8.45%15.86%
Median Household Income

The unemployment rate in Troy, MI, is 8.90%, with job growth of -1.55%. Future job growth over the next ten years is predicted to be 28.00%.

Troy, MI Taxes

Troy, MI,sales tax rate is 6.00%. Income tax is 4.35%.

Troy, MI Income and Salaries

The income per capita is $41,646, which includes all adults and children. The median household income is $87,986.


Troy Economy SperlingViews

A great place to live: Troy is a great place to live. It benefits from being part of metropolitan Detroit (pro sports, symphony, the Henry Ford, the Detroit Zoo). It is a well run city that... (read more)Very Good: This city offers very broad ranges of religion. Many different places for foriegn religion studies and many different places for people who have lost faith to go back to... (read more)re: lousy place - 2/27/2009: You are an idiot. Buy the sounds of it your a hick and sure if your a hick you not going to like troy because troy has all the benefits that the world has to offer. So... (read more)Have an opinion about Troy? Leave a commentTo See All SperlingViews for Troy Click Here