Cost of Living in Troy, IL
Population 10,889 · Illinois · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Troy a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $241,000. An unemployment rate of 2.4% points to a labor market well on the tight side of the national distribution.
Geographically, Troy sits roughly 20 miles east of St. Louis. Median home values run roughly 30% higher than St. Louis' $185,000.
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 $240,800 — 21% below the national median of $305,000. Median rent runs $1,060/month, 19% lower than the national median of $1,314/month. The median household income of $97,825/year is 31% higher than the US median of $74,580. The local unemployment rate is 2.4%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Troy has a cost of living index of 80 versus the US average of 100, meaning it is 20% 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Troy, IL?
Troy has a cost index of 80 (100 = national average). It is 20% below the national average.
What is average rent in Troy, IL?
The median gross rent in Troy is $1,060 per month based on 2023 Census data.
What is the average home price in Troy?
The median home value in Troy is $240,800 according to Zillow and Census data.
What is the median income in Troy?
The median household income in Troy is $97,825 per year (2023 ACS 5-year estimates).
What is the sales tax in Troy, IL?
The combined state and local sales tax rate in Troy is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Troy, IL affordable?
Yes, Troy is generally considered affordable, with a cost of living index of 80 — about 20% below the US national average of 100.
Troy at a Glance
- Population
- 10,889
- Median Income
- $97,825
- Home Value
- $240,800
- Median Rent
- $1,060/mo
- Unemployment
- 2.4%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
Similar Cost Cities
Cities in other states with comparable housing costs