Troy, IN is located in Pike County and has a population of 47588 according to the most recent census data. The average two bedroom rent in Troy is $830 which is significantly cheaper than the national average of $1430. Additionally, the grocery cost index in Troy is 90 versus 100 nationally. This makes it an affordable and attractive place to live for those looking to find an affordable area. There are plenty of local businesses in Troy, such as Riehle's Country Store, B's Towing & Salvage, Classic Carpet Cleaning & Restoration and Tony's Auto Repair that provide services to the community.
Troy (zip 47588) has an unemployment rate of 4.3%. The US average is 6.0%.
Troy (zip 47588) has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Troy (zip 47588)
- The Sales Tax Rate for Troy (zip 47588) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Troy (zip 47588) 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 (zip 47588)
- The average income of a Troy (zip 47588) resident is $22,671 a year. The US average is $37,638 a year.
- The Median household income of a Troy (zip 47588) resident is $51,829 a year. The US average is $69,021 a year.