Troy, AL Metro Area is a great place to live with an array of local companies, public services, and amenities. Residents can enjoy affordable two bedroom rents at $890 compared to the US average of $1,430. Grocery costs are also lower than the national average with an index of 93 versus 100. Troy has plenty of job opportunities with many companies such as Goodyear Tire & Rubber Company, Baptist Health Center, and Bank Independent Corporation. This area also offers excellent public services such as police protection and firefighting services as well as recreational services like swimming pools at the Troy Recreation Center. Other amenities include shopping complexes with big-box stores such as Target and Walmart, multiple restaurants for dining out options, movie theaters for entertainment purposes, and much more.
Troy Metro Area has an unemployment rate of 3.1%. The US average is 6.0%.
Troy Metro Area 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 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Troy Metro Area
- The Sales Tax Rate for Troy Metro Area is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Troy Metro Area 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 Metro Area
- The average income of a Troy Metro Area resident is $24,960 a year. The US average is $37,638 a year.
- The Median household income of a Troy Metro Area resident is $40,106 a year. The US average is $69,021 a year.