Troy, AL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Troy, AL 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 Alabama, 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 87, with 100 being the average.

  • The cost of living index in Troy is 0.9x lower than the national average.

  • Troy ranks as the #39 cheapest in Alabama out of 115.

  • Troy ranks as the #1,101 cheapest out of 6,412 in the US.

  • The median home value in Troy is $168,700.

  • The median income in Troy is $36,409.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
87
Troy's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Troy, AL?

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 Alabama, Troy has a cost of living index that's 1.0x lower than Alabama's index of 88.

The standard of living in Troy ranks as #39 most affordable out of the 115 places we measured in Alabama. By definition, that implies Troy ranks as the #76 most expensive place in the Heart of Dixie.

For more reading on life in Troy, check out:

39 out of 115
In Alabama
1,101 out of 6,412
In America

Troy Cost Of Living Vs. Alabama

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 94.

  • The Groceries index in Troy is 99.

  • The Health index in Troy is 84.

  • The Housing index in Troy is 79.

  • The Transportation index in Troy is 93.

  • The Utilities index in Troy is 101.

Living Expense Troy Alabama National Average
Overall 87 88 100
Services 94 95 100
Groceries 99 97 100
Health 84 88 100
Housing 79 69 100
Transportation 93 90 100
Utilities 101 101 100
For more reading on cost of living around Alabama, check out:
Troy Cost of Living Vs. AL

Troy, AL Housing Cost Breakdown

Housing swings affordability the most between places in Alabama, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Troy is $168,700.

  • The Median Rent in Troy is $793.

  • The Median Income in Troy is $36,409.

  • The Home Value To Income in Troy is 4.6x.

  • The Rent To Monthly Income in Troy is 0.26x.

Statistic Troy Alabama United States
Median Home Value $168,700 $157,100 $244,900
Median Rent $793 $852 $1,163
Median Income $36,409 $54,943 $69,021
Home Value To Income 4.6x 2.9x 3.5x
Rent To Monthly Income 0.26x 0.19x 0.2x
Search Homes For Sale In Troy, AL
$168,700
Median Home Value
$793
Median Rent
$36,409
Median Income

Troy, AL Costs By Category

Detailed Troy Services Costs Vs. Alabama

Item Troy Alabama
Shampoo $1.0 $1.06
Movie $8.42 $10.68
Bowling $16.47 $14.67
Haircut $17.8 $18.62
Beauty Salon $41.47 $39.05

Detailed Troy Groceries Costs Vs. Alabama

Item Troy Alabama
Ground Beef $3.53 $4.22
Fried Chicken $1.37 $1.39
Milk $2.42 $2.05
Potatoes $3.21 $3.29
Pizza $9.59 $10.62
Beer $9.69 $9.38
Toothpaste $2.21 $2.34

Detailed Troy Health Costs Vs. Alabama

Item Troy Alabama
Optometrist $85.33 $108.57
Doctor $92.87 $116.17
Dentist $68.27 $99.13

Detailed Troy Transportation Costs Vs. Alabama

Item Troy Alabama
Gasoline $1.99 $2.22
Tire Balancing $47.39 $50.07

Detailed Troy Utilities Costs Vs. Alabama

Item Troy Alabama
All Electricity $167.8 $167.67
Phone $181.81 $175.64

Troy SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
6
Affordability
4
Diversity
9
Safety
N/A
Amenities
8
Education
8.5
Commute
8.5

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:

  • Montgomery, AL has a cost of living index of 86, 1.0x Troy.

  • Enterprise, AL has a cost of living index of 95, 1.1x Troy.

  • Ozark, AL has a cost of living index of 86, 1.0x Troy.

City Population Cost Of Living Vs. Troy
Montgomery, AL 201,022 86 1.0x
Enterprise, AL 28,242 95 1.1x
Ozark, AL 14,396 86 1.0x
Eufaula, AL 12,753 88 1.0x

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