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.
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.
Health & Safety
Accessible health facilities like hospitals, doctors offices, clinics and nursing homes as well as good air quality are all factors that have led to a high score in this category.
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.
Employment
This area earns a low score in the employment category due to low household income levels and high unemployment rates, which may pose challenges in seeking job opportunities.
Schools
The low schools score might be a result of factors like lower than average education levels, lackluster reading and math scores and the inaccessibility of local elementary and high schools.
Located in the state of North Carolina, Troy is a small city with a population of 3,293 people. All the single ladies and all the single fellas might want to take notice as only 45% of the Troy population is married.
Living in Troy can be a great experience for anyone moving to the city. Having said that, in the state of North Carolina, there are many amazing 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. To help you find the best places to live in and around Troy, AreaVibes has created a livability score using key metrics like amenities, cost of living, commute, employment and more.
Using data and statistics Troy has received a livability score of 63/100. This score is ranked in the 55th percentile when compared to all other cities. Based on the rankings for each individual category, Troy has been rewarded with high marks for housing (A+). The bad news for Troy, there are some categories for which it does not rank well, this includes: amenities (F), crime (F), education (D) and employment (F).
Achieving a cost-effective lifestyle can be pivotal in managing your monthly expenditures, especially given the ongoing upward trajectory of everday goods and housing prices. In Troy, residents are fortunate to experience a cost of living that is 21.27% below the national average. This advantageous positioning extends its impact to a wide spectrum of expenses, encompassing not only goods and services but also transportation and health care costs. As a result, this area stands out as a place where your money stretches further, ensuring that you can maintain a more economical and sustainable lifestyle. This affordability becomes increasingly valuable in an era marked by soaring costs, making Troy an attractive choice for those seeking financial prudence without compromising on quality of life.
When contemplating a move, job prospects often top the list of priorities. In Troy, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 2.7% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Troy has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Troy real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Troy. Median real estate prices in Troy come in at $125,000, which is 20.4% lower than the North Carolina 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 3.9, which is 18.2% higher than the North Carolina average.
| Statistic | Troy | North Carolina | National |
| Average one way commute | 22min | 24min | 26min |
| Workers who drive to work | 93.0% | 81.1% | 76.4% |
| Workers who carpool | 6.1% | 9.8% | 9.3% |
| Workers who take public transit | 0.4% | 1.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 0.0% | 1.8% | 2.8% |
| Working from home | 0.0% | 4.8% | 4.6% |
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