Housing costs in Troy?
A typical home costs
$116,000, which is 65.7% less expensive than the national average of
$338,100 and 47.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Troy costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 19.5% cheaper than the state average of
$980.
Can I afford Troy?
To live comfortably in Troy, Indiana, a minimum annual income of
$22,320 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Troy?
Troy, IN is a small town with an estimated population of 4,000 people and is located in northern Indiana. The cost of living in Troy is quite reasonable when compared to other areas of the state. According to BestPlaces, the cost of living index for Troy is 75.7 which is lower than the average for Indiana at 86.2. Prices for goods and services including groceries, transportation, and health care are all below the national averages making it an attractive location for retirees or families looking to save money. Additionally, housing costs are very affordable making it a great option for those on a budget.