Troy, NY Cost Of Living
Cost Of Living In Troy, NY Summary
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:
The cost of living index in Troy is 100, with 100 being the average.
The cost of living index in Troy is 1.0x lower than the national average.
Troy ranks as the #83 cheapest in New York out of 341.
Troy ranks as the #2,621 cheapest out of 6,489 in the US.
The median home value in Troy is $289,203.
The median income in Troy is $57,688.
Table Of Contents
Troy's Overall Cost Of Living
Lower Than The National Average
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 100, which is 1.0x lower than the national index of 100.
Compared to New York, Troy has a cost of living index that's 0.8x lower than New York's index of 119.
The standard of living in Troy ranks as #83 most affordable out of the 341 places we measured in New York. By definition, that implies Troy ranks as the #258 most expensive place in the Empire State.
For more reading on life in Troy, check out:
In New York
In America
Troy Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Troy. Here is how it fairs on each of the criteria:
The Services index in Troy is 106.
The Groceries index in Troy is 102.
The Health index in Troy is 91.
The Housing index in Troy is 87.
The Transportation index in Troy is 97.
The Utilities index in Troy is 100.
| Living Expense | Troy | New York | National Average | |
|---|---|---|---|---|
| Overall | 100 | 119 | 100 | |
| Services | 106 | 110 | 100 | |
| Groceries | 102 | 103 | 100 | |
| Health | 91 | 101 | 100 | |
| Housing | 87 | 145 | 100 | |
| Transportation | 97 | 105 | 100 | |
| Utilities | 100 | 99 | 100 | |
Troy, NY Housing Cost Breakdown
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 2019-2023. The key points are:
The Median Home Value in Troy is $289,203.
The Median Rent in Troy is $1,134.
The Median Income in Troy is $57,688.
The Home Value To Income in Troy is 5.0x.
The Rent To Monthly Income in Troy is 0.24x.
Median Home Value
Median Rent
Median Income
Troy, NY Costs By Category
Detailed Troy Services Costs Vs. New York
Detailed Troy Groceries Costs Vs. New York
Detailed Troy Health Costs Vs. New York
Detailed Troy Transportation Costs Vs. New York
Detailed Troy Utilities Costs Vs. New York
Troy SnackAbility
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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 101, 1.0x Troy.
Rotterdam, NY has a cost of living index of 102, 1.0x Troy.
Niskayuna, NY has a cost of living index of 115, 1.1x Troy.
| City | Population | Cost Of Living | Vs. Troy |
|---|---|---|---|
| Albany, NY | 100,081 | 101 | 1.0x |
| Rotterdam, NY | 22,798 | 102 | 1.0x |
| Niskayuna, NY | 20,774 | 115 | 1.1x |
| Cohoes, NY | 18,043 | 99 | 1.0x |
| East Glenville, NY | 11,399 | 107 | 1.1x |
| Watervliet, NY | 10,285 | 100 | 1.0x |
| Rensselaer, NY | 9,247 | 100 | 1.0x |
| Colonie, NY | 7,705 | 109 | 1.1x |
| Westmere, NY | 7,616 | 113 | 1.1x |
| Scotia, NY | 7,260 | 98 | 1.0x |
