According to the most recent data on the cost of living, Troy has an overall cost of living index of 87 which is 0.9x lower than the national index of 100.
Compared to only Alabama, Troy has a cost of living index that's 1.0x lower than Alabama's index of 90.
The standard of living in Troy ranks as #1,101 most affordable out of the 6,418 places we measured in Alabama. By definition, that implies Troy ranks as the #5,317 most expensive place in the Heart of Dixie.
|Living Expense||Troy||Alabama||National Average|
Housing swings affordability the most between places in Alabama, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|Median Home Value||$160,800||$149,600||$229,800|
|Home Value To Income||4.6x||2.9x||3.5x|
|Rent To Monthly Income||0.26x||0.19x||0.2x|
|City||Population||Cost Of Living||Vs. Troy|