Troy, NC is a small town located in Montgomery County. It offers a peaceful atmosphere with affordable living costs. The average 2 bedroom rent in Troy stands at $890, which is much lower than the national average of $1,430. The Grocery Cost Index in Troy is also more budget-friendly compared to other areas; it sits at 95 versus the US average of 100.
The town is home to several local companies such as the Troy Chamber of Commerce, Troy Gazette-Enterprise newspaper office, and Carolina Manufacturing Inc. Residents can access these businesses for employment and networking opportunities.
Overall, Troy, NC is an excellent place for those who are looking for a quiet lifestyle without sacrificing affordability. The town boasts low rent and grocery cost prices while providing access to local businesses for entrepreneurs and prospective employees 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 7.0%. The US average is 7.3%.
- The Income Tax Rate for Troy is 5.5%. 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 $14,096 a year. The US average is $28,555 a year.
- The Median household income of a Troy resident is $39,554 a year. The US average is $69,021 a year.