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Troy, NY Cost Of Living

The latest cost of living statistics for Troy. Includes statistics on rent, mortgages, healthcare, and other costs for Troy compared to the state and national averages.

Chris Kolmar
Written by
HomeSnacks
Last updated
2026-06-20

Cost of living in Troy, New York

Cost of living in Troy research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Troy is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

104 Cost of living index 1.0x higher vs US
#77 Cheapest in New York (of 336)
#2,973 Cheapest in the U.S. (of 6,489)
$286,798 Median home value
$1,175 Median rent
$58,477 Median income
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What is the cost of living in Troy, NY?

According to the most recent data on the cost of living, Troy has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.

Compared to New York, Troy has a cost of living index that's 0.9x lower than New York's index of 121.

The standard of living in Troy ranks as #77 most affordable out of the 336 places we measured in New York. By definition, that implies Troy ranks as the #259 most expensive place in the Empire State.

For more reading on life in Troy, check out:

Troy Cost Of Living Vs. New York

Six factors go into calculating the cost of living index in Troy. Here is how it fares on each of the criteria:

  • The Services index in Troy is 106.

  • The Groceries index in Troy is 106.

  • The Health index in Troy is 90.

  • The Housing index in Troy is 111.

  • The Transportation index in Troy is 115.

  • The Utilities index in Troy is 107.

Living Expense Troy New York National Average
Overall 104 121 100
Services 106 105 100
Groceries 106 108 100
Health 90 143 100
Housing 111 112 100
Transportation 115 114 100
Utilities 107 111 100

Troy Cost Of Living Compared To New York Averages

Services
Troy 106
New York avg 105
Groceries
Troy 106
New York avg 108
Health
Troy 90
New York avg 143
Housing
Troy 111
New York avg 112
Transportation
Troy 115
New York avg 114
Utilities
Troy 107
New York avg 111

Index where 100 = national average. Source: cost-of-living index 2026.

For more reading on cost of living around New York, check out:

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Source: Cost-of-living index 2026, normalized to US average = 100

Troy, NY Housing Cost Breakdown

$286,798Median Home Value
$1,175Median Rent
$58,477Median Income

Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:

  • The Median Home Value in Troy is $286,798.

  • The Median Rent in Troy is $1,175.

  • The Median Income in Troy is $58,477.

  • The Home Value To Income in Troy is 4.9x.

  • The Rent To Monthly Income in Troy is 0.24x.

Statistic Troy New York United States
Median Home Value $286,798 $507,794 $332,700
Median Rent $1,175 $1,621 $1,413
Median Income $58,477 $85,974 $80,734
Home Value To Income 4.9x 5.9x 4.1x
Rent To Monthly Income 0.24x 0.23x 0.21x

Troy, NY Costs By Category

Detailed Troy Services costs vs. New York
Item Troy New York
Shampoo $1.28 $1.28
Movie $13.08 $12.13
Bowling $15.96 $18
Haircut $28.28 $24.26
Beauty Salon $51.36 $45.56
Detailed Troy Groceries costs vs. New York
Item Troy New York
Ground Beef $6.06 $5.84
Fried Chicken $1.6 $1.57
Milk $4.85 $4.67
Potatoes $5.09 $4.93
Pizza $14.69 $12.09
Beer $10.9 $10.41
Toothpaste $3.74 $3.7
Detailed Troy Health costs vs. New York
Item Troy New York
Optometrist $132.47 $125.68
Doctor $111.33 $135.78
Dentist $111.69 $113.29
Detailed Troy Transportation costs vs. New York
Item Troy New York
Gasoline $3.55 $3.46
Tire Balancing $50.33 $59.92
Detailed Troy Utilities costs vs. New York
Item Troy New York
All Electricity $196.7 $193.99
Phone $195.71 $192.25

Troy SnackAbility

7Overall SnackAbility
Jobs 5/10
Housing 8/10
Affordability 6/10
Diversity 9/10
Safety 4/10
Amenities 9.5/10
Education 8/10
Commute 8/10

Cost Of Living In Cities Around Troy

The cost of living varies in the cities and towns around Troy. Here's a quick look at the cost of living in the most populous nearby places:

  • Albany, NY has a cost of living index of 110, 1.1x Troy.

  • Rotterdam, NY has a cost of living index of 103, 1.0x Troy.

  • Niskayuna, NY has a cost of living index of 124, 1.2x Troy.

City Population Cost Of Living Vs. Troy
Albany, NY 100,492 110 1.1x
Rotterdam, NY 22,695 103 1.0x
Niskayuna, NY 21,227 124 1.2x
Cohoes, NY 18,159 104 1.0x
East Glenville, NY 11,914 114 1.1x
Watervliet, NY 10,287 104 1.0x
Rensselaer, NY 9,287 104 1.0x
Westmere, NY 8,334 121 1.2x
Colonie, NY 7,702 118 1.1x
Scotia, NY 7,264 103 1.0x
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