Troy, NY Cost Of Living

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Updated: 2020-03-08
Troy's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Troy is expensive, while a number below 100 means it's a relatively cheap place to live.

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 98 which is 1.0x lower than the national index of 100.

Compared to only New York, Troy has a cost of living index that's 0.8x lower than New York's index of 117.

The standard of living in Troy ranks as #2953 most affordable out of the 6522 places we measured in New York. By definition, that implies Troy ranks as the #3453 most expensive place in the Empire State.

For more reading on life in Troy, check out:

Troy Cost Of Living Vs. New York

Living Expense Troy New York National Average
Overall 98 117 100
Services 106 108 100
Groceries 115 108 100
Health 102 101 100
Housing 81 145 100
Transportation 100 102 100
Utilities 100 97 100
For more reading on cost of living around New York, check out:
Troy Cost of Living Vs. NY

Troy, NY Housing Cost Breakdown

Housing swings affordability the most between places in New York, 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
Median Rent
Median Income
Statistic Troy New York United States
Median Home Value $145,800 $302,200 $204,900
Median Rent $912 $1,240 $1,023
Median Income $41,804 $65,323 $60,293
Home Value To Income 3.5x 4.6x 3.4x
Rent To Monthly Income 0.26x 0.23x 0.2x

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Cost Of Living In Cities Around Troy

City Population Cost Of Living Vs. Troy
Albany, NY 97,889 102 1.0x
Rotterdam, NY 20,274 100 1.0x
Cohoes, NY 16,599 99 1.0x
Watervliet, NY 10,120 98 1.0x
Rensselaer, NY 9,290 97 1.0x
Colonie, NY 7,793 108 1.1x
Scotia, NY 7,715 97 1.0x
Westmere, NY 7,001 111 1.1x
East Glenville, NY 6,371 106 1.1x
Mechanicville, NY 5,144 99 1.0x

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