Housing costs in Troy?
A typical home costs
$263,000, which is 22.2% less expensive than the national average of
$338,100 and 23.9% more expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Troy costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and close to the state average of
$950.
Can I afford Troy?
To live comfortably in Troy, Missouri, a minimum annual income of
$50,400 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Troy?
Troy, MO offers a relatively low cost of living compared to the state and national averages. The cost of housing in Troy is 13% lower than the state average and 11% lower than the national average. Utility costs are similarly low with electricity costing 8% less than the Missouri average and 6% less than the U.S. average. Groceries in Troy are 3% cheaper than the rest of Missouri, while transportation costs are slightly higher at 4% more than state averages. All in all, Troy offers a great cost of living that can be very attractive to potential residents.