Cost of Living in Troy, MI
Overall index: 118 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 114 | +14% | $1,090 |
| Transportation | 101 | +1% | $3.50 |
| Food | 160 | +60% | $656 |
| Utilities | 107 | +7% | $205 |
| Healthcare | 107 | +7% | $148 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Troy?
A single adult living comfortably in Troy, MI needs approximately $41,300 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Troy, MI?
The overall cost of living in Troy, MI is 18% higher than the US national average (index: 118 where 100 = national average).
How much is rent in Troy, MI?
Average rent for a 1-bedroom apartment in Troy, MI is about $1,090/month.
Is Troy, MI expensive to live in?
Yes, Troy, MI is considered expensive (index above national average).
What salary do I need to live in Troy, MI?
A single adult needs roughly $41,300/year to cover basic living costs in Troy, MI.