Primary sources for Troy, MI
- Census Bureau profile of Troy, MI, ACS data
- EIA-861 utility data for Troy, MI, prices
- DOE LEAD tool for Troy, MI, energy burden
- NOAA storms and FEMA flood claims for Troy, MI
Electricity rates in Troy, Michigan
Troy, MI ranks 1st of 35 Michigan cities for median household income ($119,299). Troy, Michigan has 87,307 residents in 33,369 households; 11.5% heat with electricity.
Households in Troy, MI can pick a supplier. See how to compare suppliers.
Troy on the map
Oakland County, with Troy marked
Who supplies Troy
Oakland County lists 2 utilities for Troy, MI, a city of 87,307: no plan prices, and retail supplier plans are not in public data; which listed utility delivers to your street depends on the address. Oakland County page.
Cost of living with electricity in Troy
Troy, MI: 33,369 households at $1,168 a year per home for electricity (Oakland County average, DOE LEAD) come to about $39.0 million, an estimate; all home energy is $2,287 a year per household.
| Group in Troy, MI | Households | Power per home | Power bill of the group | Share of Troy, MI median income |
|---|---|---|---|---|
| Troy, MI, all households | 33,369 | $1,168 | $39.0 million | 0.98% |
| Troy, MI, homeowners | 24,749 | $1,335 | $33.0 million | 1.12% |
| Troy, MI, renters | 8,620 | $742 | $6.4 million | 0.62% |
Facts about Troy
- Residents of Troy, MI, ACS 2023
- 87,3079 of 35 Michigan cities with 30,000+
- Median household income in Troy, MI
- $119,2991 of 35 of those cities
- Households in Troy, MI
- 33,3692.62 people each
- Owner-occupied homes in Troy, MI
- 74.2%24,749 owners and 8,620 renter households
- Housing units in Troy, MI
- 34,9971,628 vacant or seasonal
- Homes heated by electricity in Troy, MI
- 11.5%3,851 of 33,369 homes
- Land area of Troy, MI
- 33.4 sq mi2,610.3 people per sq mi
- Bill as share of income in Troy, MI
- 1.2%at 618 kWh a month over the $119,299 median household income
- Wind and tornado reports within 15 miles of Troy, MI
- 157NWS point reports 2015 to 2025, 179.8 per 100,000 residents
- Median year homes were built in Troy, MI
- 197721,186 of 34,997 homes (60.5%) before 1980
- Median home value and rent in Troy, MI
- $396,800$1,557 gross rent a month, 4.71% of value a year
Electricity price since 2015 around Troy
Troy has no price series of its own. Troy: the Michigan average was 14.42 ¢/kWh in 2015. Troy: 19.30 ¢ in 2024, 34% up. Troy: against 30% up for the U.S. average.
Troy: a 618 kWh month at the Michigan price. Troy: $89 in 2015, $119 in 2024. Troy: $1,432 a year, 1.2% of the $119,299 median income.
Troy: 10 yearly prices
| Year | Michigan average | Troy: Gap to U.S. average |
|---|---|---|
| 2015, Troy | 14.42 | +1.77 |
| 2016, Troy | 15.22 | +2.67 |
| 2017, Troy | 15.40 | +2.51 |
| 2018, Troy | 15.45 | +2.58 |
| 2019, Troy | 15.74 | +2.73 |
| 2020, Troy | 16.26 | +3.11 |
| 2021, Troy | 17.54 | +3.88 |
| 2022, Troy | 17.86 | +2.82 |
| 2023, Troy | 18.84 | +2.84 |
| 2024, Troy | 19.30 | +2.82 |
Troy, MI: EIA-861 home prices, 2015 to 2024, not a Troy, MI price.
CSVWho lives in Troy: income, cars, homes
In Troy, MI, 1,430 households own no vehicle and 21,795 own two or more; home EV charging depends on that. In Troy, MI, 2,966 of 8,129 renter households pay 30% or more of income in rent; 9,280 households moved in since 2018 and 9,933 before 2000, so electric accounts turn over at a moderate pace. In Troy, MI, 4,360 of 33,369 households earn under $35,000, 5,792 $35,000-$75,000, 10,212 $75,000-$150,000 and 13,005 $150,000 or more. 4,614 residents of Troy, MI live below the poverty line, and the median age is 42.2. Troy, MI homes: 25,938 have 3+ bedrooms, 3,377 none or one, median 6.7 rooms. Of 44,623 workers in Troy, MI, 9,024 work from home, 32,021 drive alone, 68 ride transit and 432 walk.
Household income in Troy, MI
| Troy, MI | Value | Rank in Michigan (1 = highest) |
|---|---|---|
| Troy, MI, households under $35,000 | 13.1% | 32 of 35 |
| Troy, MI, households $150,000 or more | 39.0% | 1 of 35 |
| Troy, MI, residents below poverty | 5.3% | 32 of 35 |
| Troy, MI, median age | 42.2 | 3 of 35 |
| Troy, MI, homes with 3+ bedrooms | 74.1% | 4 of 35 |
| Troy, MI, households without a vehicle | 4.3% | 34 of 35 |
| Troy, MI, households with 2+ vehicles | 65.3% | 2 of 35 |
| Troy, MI, workers at home | 20.2% | 5 of 35 |
| Troy, MI, cost-burdened renters | 36.5% | 34 of 35 |
| Troy, MI, moved in since 2018 | 27.8% | 28 of 35 |
| Troy, MI, moved in before 2000 | 29.8% | 3 of 35 |
Housing and heating in Troy
Troy, MI: 21,186 of 34,997 homes were built before 1980 and 4,144 in 2000 or later. Troy, MI has 25,012 detached houses, 6,283 homes in 5+ unit buildings and 231 mobile homes.
Age of homes in Troy, MI
% of homes by decade built, Troy, MI
- 3pre-40
- 140s
- 850s
- 1560s
- 3470s
- 1380s
- 1490s
- 700s
- 410s
- 120+
Heating fuel in Troy, MI
| Troy, MI | Value | County | Gap | Rank (1 = highest) |
|---|---|---|---|---|
| Troy, MI, median year built | 1977 | 1975 | +2 years | 6 of 35 |
| Troy, MI, built before 1980 | 60.5% | 58.9% | +1.6 points | 28 of 35 |
| Troy, MI, built 2000 or later | 11.8% | 14.9% | -3.1 points | 11 of 35 |
| Troy, MI, detached houses | 71.5% | 67.8% | +3.7 points | 13 of 35 |
| Troy, MI, apartments in 5+ unit buildings | 18.0% | 18.4% | -0.5 points | 19 of 35 |
| Troy, MI, mobile homes | 0.7% | 2.8% | -2.2 points | 22 of 35 |
| Troy, MI, renter households | 25.8% | 27.7% | -1.9 points | 31 of 35 |
| Troy, MI, median home value | $396,800 | $320,400 | +$76,400 | 3 of 35 |
| Troy, MI, median gross rent a month | $1,557 | $1,319 | +$238 | 3 of 35 |
| Troy, MI, people per household | 2.61 | 2.38 | +0.23 | 5 of 35 |
Outage risk around Troy
Troy, MI, NWS reports within 15 miles of the center, 2015 to 2025: 156 wind and 1 tornado, 179.8 per 100,000 residents of 87,307. Top gust near Troy, MI: 65 knots, 75 mph. Damage near Troy, MI: $4.8M.
Reports within 15 miles of Troy, MI
wind and tornado reports, Troy, MI
- 9'15
- 3'16
- 3'17
- 9'18
- 20'19
- 10'20
- 28'21
- 5'22
- 25'23
- 28'24
- 17'25
| Troy, MI | Wind | Tornado | Total |
|---|---|---|---|
| Troy, MI, 2015 | 9 | 0 | 9 |
| Troy, MI, 2016 | 3 | 0 | 3 |
| Troy, MI, 2017 | 3 | 0 | 3 |
| Troy, MI, 2018 | 9 | 0 | 9 |
| Troy, MI, 2019 | 20 | 0 | 20 |
| Troy, MI, 2020 | 10 | 0 | 10 |
| Troy, MI, 2021 | 28 | 0 | 28 |
| Troy, MI, 2022 | 5 | 0 | 5 |
| Troy, MI, 2023 | 25 | 0 | 25 |
| Troy, MI, 2024 | 28 | 0 | 28 |
| Troy, MI, 2025 | 16 | 1 | 17 |
Climate and electric heating around Troy
Troy is in Oakland County, MI. Troy: degree days are county values.
Troy: 6,695 heating degree days a year. Troy: 597 cooling degree days a year.
| Troy | County value |
|---|---|
| Troy, heating degree days, 1991-2020 normal | 6,695 |
| Troy, heating degree days, 2016-2025 mean | 6,213 |
| Troy, cooling degree days, 1991-2020 normal | 597 |
| Troy, cooling degree days, 2016-2025 mean | 721 |
| Troy, homes heated with electricity, ACS 2019-2023 | 11.4% |
Troy: NOAA nClimDiv 7 Oct 2026; ACS B25040.
Analyst note on Troy
Household income in Troy, MI is $119,299; 24,749 of its 33,369 households own. Troy, MI counts 87,307 residents in 33,369 households, on 33.4 square miles. 3,851 of the 33,369 occupied homes in Troy, MI heat with electricity.
Troy, MI has 34,997 housing units, 1,628 of them vacant or seasonal. Troy, MI ranks 2nd of 35 Michigan cities for the fewest households without a vehicle (4.3%). Troy, MI ranks 2nd of 35 Michigan cities for the fewest cost-burdened renters (36.5%).
Troy, MI ranks 3rd of 35 Michigan cities for the highest median home value ($396,800).
Bill and heat pump calculator, Troy
Compare Troy with nearby cities
| City near Troy, MI | Distance from Troy | Residents | Median income | Median year built | Median home value | Storm reports within 15 miles | Work from home |
|---|---|---|---|---|---|---|---|
| Troy, MI (this page) | 0 mi | 87,307 | $119,299 | 1977 | $396,800 | 157 | 20.2% |
| Royal Oak, MI | 5.3 mi south | 57,880 (-29,427) | $95,182 (-$24,117) | 1956 (-21 yr) | $305,900 (-$90,900) | 160 (+3) | 24.2% (+4.0 pts) |
| Rochester Hills, MI | 5.5 mi north | 76,086 (-11,221) | $119,054 (-$245) | 1983 (+6 yr) | $377,400 (-$19,400) | 141 (-16) | 20.4% (+0.1 pts) |
| Sterling Heights, MI | 5.9 mi east | 133,473 (+46,166) | $78,429 (-$40,870) | 1977 (+0 yr) | $260,700 (-$136,100) | 151 (-6) | 13.8% (-6.4 pts) |
| Pontiac, MI | 8.5 mi northwest | 61,914 (-25,393) | $42,791 (-$76,508) | 1960 (-17 yr) | $110,600 (-$286,200) | 158 (+1) | 4.1% (-16.2 pts) |
| Warren, MI | 8.8 mi southeast | 138,128 (+50,821) | $63,741 (-$55,558) | 1965 (-12 yr) | $181,900 (-$214,900) | 143 (-14) | 10.5% (-9.7 pts) |
ZIP codes in Troy
| ZIP area touching Troy, MI | Share of the ZIP's land inside Troy | Share of Troy's land in the ZIP |
|---|---|---|
| 48098 (Troy, MI) | 100.0% | 28.1% |
| 48085 (Troy, MI) | 100.0% | 27.8% |
| 48083 (Troy, MI) | 100.0% | 25.8% |
| 48084 (Troy, MI) | 99.2% | 18.3% |
Census 2020 ZCTA to place land-area overlap. Look up any ZIP.
Michigan: home prices since 2001, planned plants.
Questions on Troy
Troy: what is the electricity rate?
No single rate in Troy, MI: Michigan households pick a supplier and plan, and Oakland County lists 2 utilities.
Troy: how does it rank among Michigan cities?
Troy, MI: rank 9 of 35 by its 87,307 residents, rank 1 of 35 by $119,299 median income.
Troy: how many homes heat with electricity?
Troy, MI: 3,851 of 33,369 occupied homes, 11.5%; Oakland County 11.4%.
Troy: how much income goes to electricity?
At 618 kWh a month, 1.2% of the $119,299 median income in Troy, MI.
Troy: can I choose a supplier?
In most of Michigan yes; municipal and co-op areas around Troy, MI may be closed.
Troy: damaging storms reported nearby?
157 NWS wind and tornado reports within 15 miles of the center of Troy, MI, 2015 to 2025, 179.8 per 100,000 residents.
How old are the homes in Troy?
Troy, MI: median home built 1977; 21,186 of 34,997 homes (60.5%) predate 1980, 25,012 are detached and 6,283 sit in buildings of 5+ units.
How many Troy, MI households have no car?
1,430 households; 21,795 have two or more.
How many Troy, MI renters struggle with rent?
2,966 of 8,129 renter households pay 30% or more of income in rent.
How many households in Troy, MI earn under $35,000?
4,360 of 33,369, against 13,005 at $150,000 or more.