Housing costs in Troy?
A typical home costs
$476,700, which is 41.0% more expensive than the national average of
$338,100 and 118.0% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Troy costs
$1,710 per month, which is 55.5% more than the national average of
$1,100 and 28.7% more than the state average of
$1,220.
Can I afford Troy?
To live comfortably in Troy (zip 48098), Michigan, a minimum annual income of
$91,440 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Troy?
The cost of living in 48098 Troy, MI is generally considered to be on the high side. The median household income for the city is $88,024, and the average home price is in excess of $400,000. Groceries and other goods tend to be more expensive than average, while health care costs are typically lower than the national average. The overall cost of living in Troy increases with its convenience and access to businesses, services, entertainment and amenities. Despite a higher than average cost of living, Troy remains an attractive city to live in due to its abundance of activities and attractions.