Cost of Living in Troy, MO
Population 13,467 · Missouri · Data vintage 2023
(100 = US avg)
Housing costs in Troy stay well under national norms: a median home value of $212,000 against median household incomes of $75,777 gives the city one of the more comfortable price-to-income ratios in Missouri. The labor market has been unusually tight, with unemployment around 1.4% — below most comparable cities in the state.
Geographically, Troy is about 45 miles northwest of St. Louis, the nearest large metro. Median home values run roughly 15% 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 $212,100 — 30% below the national median of $305,000. Median rent runs $1,051/month, 20% lower than the national median of $1,314/month. The median household income of $75,777/year is 2% higher than the US median of $74,580. The local unemployment rate is 1.4%, below the national average of 4.8%. Missouri's top state income tax rate is 5.0% and the combined sales tax is 8.4%. Overall, Troy has a cost of living index of 74 versus the US average of 100, meaning it is 26% 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
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Troy, MO?
Troy has a cost index of 74 (100 = national average). It is 26% below the national average.
What is average rent in Troy, MO?
The median gross rent in Troy is $1,051 per month based on 2023 Census data.
What is the average home price in Troy?
The median home value in Troy is $212,100 according to Zillow and Census data.
What is the median income in Troy?
The median household income in Troy is $75,777 per year (2023 ACS 5-year estimates).
What is the sales tax in Troy, MO?
The combined state and local sales tax rate in Troy is 8.4%. The Missouri state income tax top rate is 5.0%.
Is Troy, MO affordable?
Yes, Troy is generally considered affordable, with a cost of living index of 74 — about 26% below the US national average of 100.
Troy at a Glance
- Population
- 13,467
- Median Income
- $75,777
- Home Value
- $212,100
- Median Rent
- $1,051/mo
- Unemployment
- 1.4%
- Sales Tax
- 8.4%
Nearby Cities
Explore county-level cost of living data
Missouri Rankings
Similar Cost Cities
Cities in other states with comparable housing costs