There are 18 independent living communities serving Troy, Michigan. This includes 1 community in Troy and 17 nearby. The median daily cost of independent living in Michigan is $59, with costs running between $14 and $144 per day. On a monthly basis, this equates to a mean expenditure of $1,760, with costs ranging from about $412 to $4,317. The median yearly cost is $21,120, which is under the national average of $23,100.
The cost of independent living in Troy generally ranges from as little as $440 per month up to $3,630 per month. The median cost is around $1,980 per month, or about $23,760 per year.
Troy is a medium-sized city in the State of Michigan. It is located within Oakland County and is part of the Detroit-Warren-Livonia metropolitan statistical area. While the encompassing statistical area includes 3,457,808 people, there are 80,980 living within the city itself. Those who are over 55 represent 28% of the total community.
The SeniorScore™ for Troy is 86. The city has an average per capita income of $41,000. The mean household income is $89,000 in comparison to an average of $46,000 for the entire state of Michigan. The current unemployment rate is about 7.79% and the mean housing price is $228,000, which is somewhat higher than the state average of $177,000.
Troy has extreme average temperatures, with cold winters and calm summers. The city gets low levels of rainfall each year. Compared to similarly-sized cities, Troy has low air quality and an exceptionally low rate of crime.