Troy, MO is a small city located in Lincoln county. It has a population of approximately 8,000 people and offers affordable living for both families and individuals. According to the US Department of Housing and Urban Development (HUD), the median rent for a two-bedroom home in Troy is $940 per month, which is well below the national average of $1,430. Grocery costs are also relatively low in Troy with an index score of 98 versus 100 in the US.
Troy is home to several businesses including Soft Surroundings Outlet Store, Sanderson Ford dealership, Red Fox Bakery, and Trueman's Barbeque & Catering. The city also has its own public library as well as historic sites like Foutch Brothers General Store Museum and Old City Cemetery that are popular among locals and tourists alike.
Troy has an unemployment rate of 4.3%. The US average is 6.0%.
Troy has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Troy
- The Sales Tax Rate for Troy is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Troy is 5.9%. 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 $21,385 a year. The US average is $28,555 a year.
- The Median household income of a Troy resident is $73,406 a year. The US average is $69,021 a year.