Troy Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Troy, New Hampshire? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Troy, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Troy is $57,500.00.

The chart below shows the average household income by age in Troy.

  • Under 25
    $0.00
  • 25 to 44
    $80,729.00
  • 45 to 64
    $54,583.00
  • 65 and over
    $37,266.00

Average Household Income

A very commonly asked question is "what is the average household income in Troy, New Hampshire?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Troy is $81,009.00.

5.67% of households in Troy, New Hampshire are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for Troy but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

Household Income Tiers for Troy

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Troy, New Hampshire easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

  • Less than $24,999
    15.17%
  • $25,000 to $49,999
    23.09%
  • $50,000 to $74,999
    21.24%
  • $75,000 to $99,999
    11.74%
  • $100,000 to $149,999
    15.04%
  • $150,000 to $199,999
    8.05%
  • $200,000 or more
    5.67%

Per Capita Income

The per capita income is the average income of all people in Troy, New Hampshire. This is calculated by dividing the total income of all people in Troy by the total number of people in Troy.

It differs from the average or mean household income because it includes all people in Troy and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Troy, New Hampshire is $34,622.00.

Population in Troy by Race and Ethnicity

The total population in Troy is currently 1,889 people.

The race and ethnicity of the population in Troy can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Troy, New Hampshire.

  • 0.00% White
    0
  • 98.90% Black/African American
    1,869
  • 97.50% Native
    1,842
  • 1.30% Hispanic
    25
  • 0.00% Asian
    0
  • 0.20% Hawaiian/Pacific Islander
    4
  • 0.00% Two or more races
    0
  • 0.00% Other
    0

Population of Troy by Age and Gender

Another very important demographics statistic for Troy, New Hampshire is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Age Group Male Female
0 to 9 Years 41 171
10 to 19 Years 144 52
20 to 29 Years 95 118
30 to 39 Years 191 150
40 to 49 Years 107 102
50 to 59 Years 134 96
60 to 69 Years 161 153
70 Years and over 77 97

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Troy, New Hampshire.

  • Master's degree or higher
    10.85%
  • Bachelor's degree
    27.45%
  • Some college or associate's degree
    8.40%
  • High school diploma or equivalent
    52.45%
  • Less than high school diploma
    0.85%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Troy because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Troy look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Troy, New Hampshire that are over the age of 16.

The current population in Troy that are over the age of 16 is 1,529 people.

The unemployment rate in Troy is 5.10%, which means 53 people are unemployed.

Median Age in Troy

The median age is an interesting metric because it gives us an idea of the age distribution of people in Troy, New Hampshire. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Troy is 39.6 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Troy

39.6

Total

40.4

Male

37.9

Female

Households and Families

There are a total of 758 households in Troy, and the average household size is 2.49 people.

For families, the total number is 497, and the average family size is 3.06 people.

4.80% of those families in Troy, New Hampshire are living below the poverty line.

The table below shows the poverty thresholds for Troy in .

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Please note that the poverty thresholds shown above are from , while the latest demographics data we have is from 2022.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

  • Married-couple
  • Male householder, no spouse present
  • Female householder, no spouse present
  • Nonfamily household

In the table below, you can see the total households and families in Troy, New Hampshire for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 359 57 81 261
Average Household Size 3.18 2.58 3.22 1.3
Total Families 359 57 81 0
Average Household Size 3.18 2.32 3.07 0

Housing Data in Troy

There are total of 815 housing units in Troy, New Hampshire. Of those units, 758 (93.01%) are occupied, and 57 (6.99%) are vacant.

Rental Rates

Of the 815 housing units in Troy, 222 (27.24%) are occupied by renters. The median rent paid by renters is $1,097.00.

Owner occupied housing units make up the remaining 64.42% of housing units, with 525 housing units in total.

The table below breaks down how much rent is paid by renters in Troy, New Hampshire.

  • No rent paid
    11
  • Less than $500
    7
  • $500 to $999
    75
  • $1,000 to $1,499
    129
  • $1,500 to $1,999
    11
  • $2,000 to $2,499
    0
  • $2,500 to $2,999
    0
  • $3,000 or more
    0

Property Values

The median value of a property in Troy is $184,100.00.

The table below breaks down the range of valuations for all properties in Troy.

  • Less than $50,000
    6
  • $50,000 to $99,999
    26
  • $100,000 to $149,999
    102
  • $150,000 to $199,999
    175
  • $200,000 to $299,999
    134
  • $300,000 to $499,999
    66
  • $500,000 to $999,999
    16
  • $1,000,000 or more
    0

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Troy, New Hampshire.

  • 1939 or earlier
    295
  • 1940 to 1949
    38
  • 1950 to 1959
    41
  • 1960 to 1969
    37
  • 1970 to 1979
    102
  • 1980 to 1989
    128
  • 1990 to 1999
    73
  • 2000 to 2009
    78
  • 2010 to 2013
    23
  • 2014 or later
    0

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Troy has. The table below breaks down the number of vehicles available per household.

  • No vehicles available
    13
  • 1 vehicle available
    244
  • 2 vehicles available
    372
  • 3 or more vehicles available
    129

Commuting to Work in Troy

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Troy, New Hampshire, how they commute, and how that correlates to other data points.

The average travel time is 29.3 minutes, and the chart below covers the range of travel times across the population of Troy.

  • Less than 5 minutes
    6
  • 5 to 9 minutes
    27
  • 10 to 14 minutes
    33
  • 15 to 19 minutes
    175
  • 20 to 24 minutes
    326
  • 25 to 29 minutes
    75
  • 30 to 34 minutes
    78
  • 35 to 39 minutes
    10
  • 40 to 44 minutes
    13
  • 45 to 59 minutes
    41
  • 60 to 89 minutes
    68
  • 90 or more minutes
    46

We can also look at the means of transport in Troy to see which modes of transport people are using to commute to work.

  • Drove alone
    801
  • Carpooled
    84
  • Public transportation
    0
  • Walked
    0
  • Other means
    13
  • Worked from home
    58

Conclusion

Hopefully this article has given you the demographics data you were looking for in Troy, New Hampshire.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Troy.

Link To or Reference This Page

We spent a lot of time downloading, cleaning, merging, and formatting the data that is shown on the site.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference Name Census as the source. We appreciate your support!

  • "Troy Average Income, Population and Demographics". NameCensus.com. Accessed on May 23, 2024. https://namecensus.com/demographics/maine/waldo-county/troy/.

  • "Troy Average Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/maine/waldo-county/troy/. Accessed 23 May, 2024

  • Troy Average Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/maine/waldo-county/troy/.