Housing costs in Troy?
A typical home costs
$386,100, which is 14.2% more expensive than the national average of
$338,100 and 76.5% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Troy costs
$1,640 per month, which is 49.1% more than the national average of
$1,100 and 25.6% more than the state average of
$1,220.
Can I afford Troy?
To live comfortably in Troy (zip 48084), Michigan, a minimum annual income of
$73,800 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Troy?
Living in Troy, MI is quite affordable. The cost of living index in the city is 92.3, which is 8% lower than the US average and 6% lower than the Michigan state average. This makes Troy a great place to live for those looking for an affordable place to call home. The median household income in the area is $79,284, and the median home value is $246,300. Additionally, utilities cost about 10-15% less than the US average and transportation costs are 12% below average. All these factors make Troy a great option for those looking for an economical place to live.