Cost Of Living
Everyday cost of living expenses like goods and services, housing, groceries, transportation, health care and utilities are far below the national average.
Crime
This area boasts a crime rate that is far below the national average, making it a very safe place to live. These crime statistics encompass both property and violent offenses.
Employment
With higher than average median household income, income per capita and lower unemployment rates, this area scores extremely well in the employment category.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Ratings
According to recent surveys and polls, locals had excellent ratings for walkability to nearby amenities, safety, access to public transit and the overall sense of community in the area.
Amenities
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Troy, Illinois is a moderately-sized city with a population of 10,278 residents. At 90%, the majority of the Troy population is White; this is followed by 2% Black and 2% Asian. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Troy your home, your one-way commute time will typically last around 26 minutes, a duration that aligns with the national average commute time of 26 minutes.
Living in Troy can be a fulfilling experience for anyone relocating to the area. Having said that, in the state of Illinois, there are many desirable places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like amenities, health & safety, education, employment and other key data points, finding the best places to live in Troy and in the areas around Troy is a much easier task.
The livability score in Troy is 76/100 and the city is ranked in the 90th percentile of all cities across America. Compared to the US average, Troy ranks among some of the best places to live in the country! Another exciting tidbit, is that Troy ranks better than 90% of all US cities! If we take a closer look at each of the categories individually, we see that Troy ranks well for crime (A+), cost of living (A+), employment (A) and housing (A+). Regrettably for Troy, there are some categories for which it does not rank well, this includes: amenities (F).
Low rates of violent crime, encompassing offenses such as murder, rape, robbery and assault, contribute significantly to a safer living environment. This reduction in crime minimizes the chances of personal harm, property theft, or violent incidents. Furthermore, low crime rates can have a positive impact on property values and the overall desirability of an area. There were 107 crimes per 100,000 residents, which signifies that Troy boasts an impressively low violent crime rate that falls well below the national average.
The Troy unemployment rate of 1.73% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Troy market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Troy is real estate affordability. The median home price for Troy homes is $193,700, which is 10.8% higher than the Illinois average. If we take a closer look at the affordability of homes in Troy, we’ll see that the home price to income ratio is 2.5, which is 16.7% lower than the Illinois average.
| Statistic | Troy | Illinois | National |
| Average one way commute | 26min | 29min | 26min |
| Workers who drive to work | 87.5% | 73.4% | 76.4% |
| Workers who carpool | 6.9% | 8.3% | 9.3% |
| Workers who take public transit | 0.2% | 9.2% | 5.1% |
| Workers who bicycle | 0.0% | 0.6% | 0.6% |
| Workers who walk | 1.7% | 3.1% | 2.8% |
| Working from home | 3.8% | 4.4% | 4.6% |
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