2024 Compare Cities Economy:
Troy, NY vs Springfield, MA

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Highlights
- Household income in Springfield, is 14% less than it is in Troy and is 59% below the National Average.
- Troy unemployment rate is 7.2%.
- Springfield unemployment rate is 11.2%.
 Troy, NYSpringfield, MAUnited States
 Unemployment Rate7.2%11.2%6.0%
 Recent Job Growth0.5%3.6%1.6%
 Future Job Growth24.0%31.7%33.5%
 Sales Taxes8.0%6.3%6.2%
 Income Taxes6.2%5.1%4.6%
 Income per Cap.$29,334$23,161$37,638
 Household Income$50,304$43,308$69,021
 Family Median Income$62,485$54,646$85,028
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 Est. Households By Income
 Troy, NYSpringfield, MAUnited States
 Income Less Than 15K14.7%19.7%9.4%
 Income between 15K and 20K8.5%6.6%3.8%
 Income between 20K and 30K9.7%11.0%8.1%
 Income between 30K and 40K8.9%9.9%8.0%
 Income between 40K and 50K8.0%8.3%7.6%
 Income between 50K and 60K7.7%6.6%7.2%
 Income between 60K and 75K8.4%8.6%9.6%
 Income between 75K and 100K12.7%11.0%12.8%
 Income between 100K and 150K14.0%11.5%16.3%
 Income between 150K and 200K4.4%4.1%7.8%
 Income greater than 200K3.1%2.6%9.5%
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 Population By Occupation
 Troy, NYSpringfield, MAUnited States
 Management, business, finance14.6%8.8%16.4%
 Engineering, computers, science8.5%3.7%6.5%
 Community, social services2.7%4.4%1.8%
 Legal0.6%0.8%1.2%
 Education, library7.9%5.2%6.2%
 Arts, design, media, sports, entertainment2.4%1.6%2.0%
 Healthcare practitioners and technology5.3%5.2%6.2%
 Healthcare support4.1%11.8%3.3%
 Firefighters, law enforcement3.9%2.4%2.1%
 Food preparation, serving5.5%5.8%5.4%
 Building maintenance5.1%3.9%3.6%
 Personal care2.4%3.5%2.6%
 Sales, office, administrative support21.8%19.1%20.9%
 Farming, fishing, forestry0.6%0.5%0.6%
 Construction, extraction, maintenance/repair4.5%5.9%8.1%
 Production, transportation, material moving9.9%17.2%13.1%
Reviews for Troy    6 Reviews

My great grandparents came from Germany to settle in Troy, NY in 1885. Troy in the early days beyond the corruption of politics was a safe place to live. The  More

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My great grandparents came from Germany to settle in Troy, NY in 1885. Troy in the early days beyond the corruption of politics was a safe place to live. The  More

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I've lived in Troy for 17 years and love it more than ever. I was initially attracted by its handsome industrial-era architecture, walkable downtown and budding arts  More

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Reviews for Springfield    15 Reviews

Over 5 years ago

Springfield is experiencing a rejeuvenation. Does the city have issues? Of course, what medium-sized city doesn't? During the past year, a new $1 billion MGM  More

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This city has a bad rep that is unwarranted. I just bought a terrific little house in a quiet and friendly neighborhood. Everywhere I go in this town, people are  More

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Over 10 years ago

I just moved to Springfield almost a year now. I moved there because I know the housing stock there is plentiful. It's also very affordable. The most affordable place to  More

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