Housing costs in Troy?
A typical home costs
$382,600, which is 13.2% more expensive than the national average of
$338,100 and 74.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Troy costs
$1,780 per month, which is 61.8% more than the national average of
$1,100 and 31.5% more than the state average of
$1,220.
Can I afford Troy?
To live comfortably in Troy (zip 48085), Michigan, a minimum annual income of
$73,440 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Troy?
The cost of living in Troy, MI is relatively low compared to other cities in the US. The median home value is $289,900 and the median rent is $1,515 per month. In addition, groceries, healthcare, transportation costs, and utilities are all lower than the national averages. Property taxes are also among some of the lowest in the state. This makes it a great place to raise a family or retire on a budget while still enjoying the same amenities as larger cities.