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Troy, Michigan Economy Profile

Official State Website URL- http://www.michigan.gov

QuickFacts


 Troy, Michigan United States
StateMichigan
CityTroy
Total population80,959 281,421,906
Male40,081138,053,563
Female40,878143,368,343
Median age (years)38.135.3
Total households30,018105,480,101
Median household income (dollars)77,53841,994

Troy, Michigan Economy

69.7% of people are in the labor force of Troy, Michigan. The total population of Troy, Michigan is 80,959 people. Per capita income in Troy, Michigan is equal to $35,936. On an average, male full-time, year-round workers in Troy, Michigan, receive $66,475, female full-time, year-round workers in Troy, Michigan, are paid $41,026. There are one hundred and two families with female householder, no husband present.

Self-employed workers in own not incorporated business make up 4.9% of workers in Troy, Michigan. 87.13% comprise private wage and salary workers in Troy, Michigan. There are 68 Unpaid family workers in Troy, Michigan. 903 people are involved in public administration. 18.91% of workers provide educational, health and social services in Troy, Michigan. The percentage of people involved into transportation and warehousing, and utilities in Troy, Michigan is as follows: 2.58%.

 Troy, Michigan %, Troy, Michigan United States
Population 16 years and over62,358  217,168,077
In labor force43,464 69.7%63.92%
- Civilian labor force43,455 69.69%63.39%
- - Employed42,032 67.4%59.73%
- - Unemployed1,423 2.28%3.66%
- - - Percent of civilian labor force3.3  5.8
- Armed Forces9 0.01%0.53%
Not in labor force18,894 30.3%36.08%
 
Females 16 years and over31,878 51.12%51.66%
In labor force19,212 30.81%29.72%
- Civilian labor force19,203 30.79%29.65%
- - Employed18,513 29.69%27.92%
 
Own children under 6 years5,785 9.28%10.05%
All parents in family in labor force2,873  12,787,501
 
COMMUTING TO WORK
Workers 16 years and over41,434  128,279,228
Car, truck, or van -- drove alone37,276 89.96%75.7%
Car, truck, or van -- carpooled2,340 5.65%12.19%
Public transportation (including taxicab)143 0.35%4.73%
Walked259 0.63%2.93%
Other means216 0.52%1.19%
Worked at home1,200 2.9%3.26%
Mean travel time to work (minutes)24.5 0.06%25.5
 
Employed civilian population 16 years and over42,032  129,721,512
 
OCCUPATION
Management, professional, and related occupations23,025 54.78%33.65%
Service occupations3,540 8.42%14.86%
Sales and office occupations10,638 25.31%26.69%
Farming, fishing, and forestry occupations12 0.03%0.73%
Construction, extraction, and maintenance occupations1,811 4.31%9.45%
Production, transportation, and material moving occupations3,006 7.15%14.62%
 
INDUSTRY
Agriculture, forestry, fishing and hunting, and mining29 0.07%1.87%
Construction1,211 2.88%6.78%
Manufacturing9,883 23.51%14.1%
Wholesale trade1,713 4.08%3.6%
Retail trade4,948 11.77%11.73%
Transportation and warehousing, and utilities1,084 2.58%5.2%
Information1,087 2.59%3.08%
Finance, insurance, real estate, and rental and leasing3,001 7.14%6.89%
Professional, scientific, management, administrative, and waste management services6,673 15.88%9.3%
Educational, health and social services7,950 18.91%19.92%
Arts, entertainment, recreation, accommodation and food services2,074 4.93%7.87%
Other services (except public administration)1,476 3.51%4.87%
Public administration903 2.15%4.79%
 
CLASS OF WORKER
Private wage and salary workers36,623 87.13%78.47%
Government workers3,283 7.81%14.59%
Self-employed workers in own not incorporated business2,058 4.9%6.63%
Unpaid family workers68 0.16%0.31%
 Troy, Michigan %, Troy, Michigan United States
INCOME IN 1999
Households30,043  105,539,122
Less than $10,000975 3.25%9.54%
$10,000 to $14,999701 2.33%6.31%
$15,000 to $24,9991,611 5.36%12.83%
$25,000 to $34,9991,773 5.9%12.81%
$35,000 to $49,9993,300 10.98%16.53%
$50,000 to $74,9996,020 20.04%19.46%
$75,000 to $99,9994,797 15.97%10.23%
$100,000 to $149,9996,464 21.52%7.72%
$150,000 to $199,9992,297 7.65%2.2%
$200,000 or more2,105 7.01%2.37%
Median household income (dollars)77,538  41,994
With earnings26,214 42.04%39.12%
- Mean earnings (dollars)95,825  56,604
With Social Security income6,306 10.11%12.47%
- Mean Social Security income (dollars)13,278  11,320
With Supplemental Security Income497 0.8%2.13%
- Mean Supplemental Security Income (dollars)6,348  6,320
With public assistance income287 0.46%1.67%
- Mean public assistance income (dollars)2,791  3,032
With retirement income4,932 7.91%8.13%
- Mean retirement income (dollars)19,816  17,376
 
Families21,973  72,261,780
Less than $10,000237 1.08%5.75%
$10,000 to $14,999177 0.81%4.31%
$15,000 to $24,999765 3.48%10.74%
$25,000 to $34,999999 4.55%12.02%
$35,000 to $49,9991,816 8.26%17.13%
$50,000 to $74,9994,142 18.85%22.32%
$75,000 to $99,9993,903 17.76%12.47%
$100,000 to $149,9995,791 26.36%9.6%
$150,000 to $199,9992,163 9.84%2.75%
$200,000 or more1,980 9.01%2.92%
Median family income (dollars)92,058  50,046
 
Per capita income (dollars)35,936  21,587
Median earnings (dollars):
Male full-time, year-round workers66,475  37,057
Female full-time, year-round workers41,026  27,194
 
POVERTY STATUS IN 1999 (below poverty level)
Families371  6,620,945
With related children under 18 years243 65.5%77.87%
- With related children under 5 years93 25.07%38.7%
 
Families with female householder, no husband present102  3,315,916
With related children under 18 years72 70.59%88.68%
- With related children under 5 years13 12.75%42.27%
 
Individuals2,220  33,899,812
18 years and over1,761 79.32%65.35%
- 65 years and over449 20.23%9.7%
Related children under 18 years459 20.68%33.59%
- Related children 5 to 17 years347 15.63%23.52%
Unrelated individuals 15 years and over1,070 48.2%31.63%
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The data is taken from www.census.gov reports.