Cost of Living in Troy, AL
Population 17,733 · Alabama · Data vintage 2023
(100 = US avg)
Troy's median household income of $47,595 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (26% here).
Geographically, Troy is about 40 miles southeast of Montgomery, the nearest large metro. Median home values run roughly 44% higher than Montgomery's $149,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Troy
The median home value in Troy is $214,100 — 30% below the national median of $305,000. Median rent runs $943/month, 28% lower than the national median of $1,314/month. The median household income of $47,595/year is 36% lower than the US median of $74,580. The local unemployment rate is 3.1%, below the national average of 4.8%. Alabama's top state income tax rate is 5.0% and the combined sales tax is 9.2%. The climate averages highs of 75.6°F and lows of 53.3°F. Overall, Troy has a cost of living index of 71 versus the US average of 100, meaning it is 29% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 59 | 63 | 70 | 76 | 83 | 88 | 90 | 89 | 86 | 77 | 68 | 61 |
| Low °F | 37 | 40 | 45 | 52 | 59 | 67 | 69 | 69 | 65 | 54 | 44 | 39 |
| Precip" | 4.93 | 4.51 | 5.23 | 4.65 | 3.78 | 5.00 | 5.46 | 4.66 | 3.71 | 3.27 | 4.27 | 5.12 |
Frequently Asked Questions
What is the cost of living in Troy, AL?
Troy has a cost index of 71 (100 = national average). It is 29% below the national average.
What is average rent in Troy, AL?
The median gross rent in Troy is $943 per month based on 2023 Census data.
What is the average home price in Troy?
The median home value in Troy is $214,100 according to Zillow and Census data.
What is the median income in Troy?
The median household income in Troy is $47,595 per year (2023 ACS 5-year estimates).
What is the sales tax in Troy, AL?
The combined state and local sales tax rate in Troy is 9.2%. The Alabama state income tax top rate is 5.0%.
Is Troy, AL affordable?
Yes, Troy is generally considered affordable, with a cost of living index of 71 — about 29% below the US national average of 100.
What is the weather like in Troy?
Troy has average high temperatures of 75.6°F and average lows of 53.3°F. Annual precipitation is 54.6". Data from NOAA 1991–2020 Climate Normals.
Troy at a Glance
- Population
- 17,733
- Median Income
- $47,595
- Home Value
- $214,100
- Median Rent
- $943/mo
- Unemployment
- 3.1%
- Avg High Temp
- 75.6°F
- Sales Tax
- 9.2%
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