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Troy, Michigan Retirement Guide
established retirement community
42
Retirement Score
Troy, Michigan at a Glance
- Median Home Price
- $380,100
- State Income Tax
- State income tax; Social Security fully exempt; age-based pension deduction.
- Avg January Low
- 19.4°F
- Cost of Living Index
- 93.6 (US avg = 100)
- Best For
- established retirement community
- RetireCityIQ Score
- 42 / 100
Retirement Data
Affordability
Cost of Living Index
93.6 (U.S. avg = 100)High confidence
BEA Regional Price Parities · Updated May 2026
Median Home Price
$380,100High confidence
U.S. Census ACS 1-Year · Updated June 2026
Median Monthly Rent
$1,375High confidence
U.S. Census ACS 1-Year · Updated June 2026
Taxes
Retirement Tax Score
45 / 100High confidence
Tax Foundation · Updated June 2026
Tax Details
State income tax; Social Security fully exempt; age-based pension deduction.High confidence
Tax Foundation · Updated June 2026
Retiree Readiness (Sprint 2)
Care Access Score (proxy)
13.5 / 100High confidence
RetireCityIQ proxy model · Updated June 2026
Aging-in-Place Score (proxy)
37.9 / 100High confidence
RetireCityIQ proxy model · Updated June 2026
Healthcare
Healthcare Access Score
13.5 / 100High confidence
CMS Hospital General Information · Updated June 2026
Climate
Avg July High
82.9°FHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Avg January Low
19.4°FHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Annual Precipitation
33.7"High confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Sunny Days / Year
259 daysHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Safety
Safety Score
85.1 / 100High confidence
FBI Crime Data Explorer · Updated June 2026
Walkability
Walk Score (proxy)
8.4 / 100High confidence
U.S. Census ACS 5-Year (B08301) · Updated June 2026
Transit Score (proxy)
0.5 / 100High confidence
U.S. Census ACS 5-Year (B08301) · Updated June 2026
Demographics
Population
87,170High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Age
42.1High confidence
U.S. Census ACS 5-Year · Updated June 2026
Age 65+
17.6%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Household Income
$115,639High confidence
U.S. Census ACS 5-Year · Updated June 2026
Community Profile
Owner-Occupied Housing
75.0%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Veterans
4.5%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Bachelor's Degree+
62.9%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Poverty Rate
5.9%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Diversity
White
64.6%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Black
4.0%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Hispanic/Latino
2.6%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Asian
26.0%High confidence
U.S. Census ACS 5-Year · Updated June 2026
10-Year Housing Stress Test (Estimate)
Estimate monthly homeowner carrying cost in Troy using median home price and adjustable assumptions. Stress case applies +10% property tax, +20% insurance, +10% maintenance.
Estimated monthly carrying cost
$824
Stress-case monthly carrying cost
$925
Median home price used: $380,100
Median rent reference: $1,375 / month
Estimate includes property tax, insurance, maintenance reserve, and HOA. It excludes mortgage, utilities, and one-time transaction costs.
Local Professionals
Financial Advisors
WILLIAM MACK & ASSOCIATES INC
TRUSTEE EMPOWERMENT & PROTECTION, INC.
SS&H FINANCIAL ADVISORS, INC.
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