Troy, AL is a great place to live for those looking to be close to nature. With its rural setting, residents enjoy access to plenty of outdoor activities such as hiking and fishing. The cost of living in Troy is quite affordable, with 2-bedroom rental prices averaging around $950 a month compared to the national average rent of $1,430. Grocery cost index in Troy is also lower than the national average at 94 versus 100 in the US. There are plenty of local businesses to shop at such as Troy Pharmacy Center, The Home Improvement Store, and Oak Tree Grocery. Whatever your needs may be, there's something for everyone in Troy!
Troy has an unemployment rate of 3.1%. The US average is 6.0%.
Troy has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Troy
- The Sales Tax Rate for Troy is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Troy is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Troy
- The average income of a Troy resident is $19,828 a year. The US average is $28,555 a year.
- The Median household income of a Troy resident is $36,409 a year. The US average is $69,021 a year.