Troy, IN is a small town located in the Midwest with a population of around 4500 people. It is known for having a low cost of living with two bedroom rents averaging around $820 per month and a grocery cost index at 90 versus 100 in the US. Local companies that are prominent in Troy are C&R Tool and Die, Inc., Troy Plastics Corporation, and Atlas Machine & Supply Inc. The low cost of living makes Troy an attractive place to live for those who want to save money on rent or groceries while still enjoying the comforts of a small town.
Troy has an unemployment rate of 4.2%. The US average is 6.0%.
Troy has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Troy
- The Sales Tax Rate for Troy is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Troy is 4.3%. 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 $24,124 a year. The US average is $28,555 a year.
- The Median household income of a Troy resident is $47,250 a year. The US average is $69,021 a year.