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.
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.
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.
Ratings
Through surveys and polls, AreaVibes obtained feedback from local residents in the area, and the results did not indicate a favorable outlook on factors like local amenities and the safety of the area.
Troy is a medium-sized city located in the state of Missouri. The city has a population of 12,457 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (94% White). Given that fact, Troy could be considered less diverse than other cities. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Troy offers up a higher than average one way commute time of 34 minutes.
Are you trying to ascertain if living in Troy is the right fit for your lifestyle? To ensure a fulfilling experience before relocating to any new city in Missouri, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. Finding the best places to live in Troy and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes cost of living, commute, education, housing and other important metrics.
With a livability score of 63 out of 100, Troy is ranked #13,818 in the United States and #329 in Missouri. If we consider each of the categories individually, we see that Troy ranks well for cost of living (A), employment (B+) and housing (A+). There is at least one category that you should be aware of in Troy. The following was graded with a discouraging score: amenities (F) and crime (F).
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Troy, the unemployment rate stands at 2.19%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Troy excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Troy. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Troy are affordable. Median real estate prices in Troy come in at $155,000, which is 9.8% higher than the Missouri average. The home price to income ratio compares the median home prices to the median household income. In Troy, the home price to income ratio is 2.3, which is 20.7% lower than the Missouri average.
| Statistic | Troy | Missouri | National |
| Average one way commute | 34min | 23min | 26min |
| Workers who drive to work | 90.5% | 81.6% | 76.4% |
| Workers who carpool | 6.1% | 9.1% | 9.3% |
| Workers who take public transit | 1.4% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 0.0% | 1.9% | 2.8% |
| Working from home | 1.8% | 4.6% | 4.6% |
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