Troy, MI is an affluent city located in the suburbs of Detroit. The 2 Bedroom rent in Troy is $1,780 compared to the US average of $1,430. The grocery cost index in Troy is also 100 which is the same as the US average. Troy is home to several notable corporations such as Flagstar Bank, Crescent Services and Russell-Stanley Corporation. Additionally, many smaller businesses are based in Troy such as REI Automotive Solutions and Osprey Technical Services. All these successful local companies give Troy its identity and contribute to its growth and prosperity.
Troy (zip 48085) has an unemployment rate of 2.9%. The US average is 6.0%.
Troy (zip 48085) 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 39.6%, which is higher than the US average of 33.5%.
Tax Rates for Troy (zip 48085)
- The Sales Tax Rate for Troy (zip 48085) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Troy (zip 48085) 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 48085)
- The average income of a Troy (zip 48085) resident is $36,967 a year. The US average is $28,555 a year.
- The Median household income of a Troy (zip 48085) resident is $123,388 a year. The US average is $69,021 a year.