Pike County · Alabama · South · 18k residents
Troy, AL: economy, jobs & business costs
The site-selection read on Troy: labor costs, talent, corporate tax, energy, and business activity, with the Alabama median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,035/wk. Alabama's corporate income tax rate is 6.5%. Commercial electricity averages 13.6¢/kWh.
Compare Troy side by side
Avg. weekly wage
$1,035/wk
Corporate income tax
6.5%
Bachelor's degree or higher
39.7%
Commercial electricity
13.6¢/kWh
Economic momentum
How fast Troy's economy is moving, ranked against the US cities we track.
41/100
Steady
Ranks Troy's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $231,400 |
| Price per sq. ft. | $150 |
| Property tax rate | 0.4% |
| 1-bedroom rent | $656/mo |
| 2-bedroom rent | $965/mo |
| State & local income tax | 4.41% |
| Sales tax | 9.3% |
| Corporate income tax | 6.5% |
| Avg. weekly wage | $1,035/wk |
| Bachelor's degree or higher | 39.7% |
| Commercial electricity | 13.6¢/kWh |
| Businesses per 1k residents | 24.7/1k |
| Wage: Software developer | $122,540 |
| Wage: Registered nurse | $77,080 |
| Wage: General manager | $111,790 |
| Wage: Customer service | $38,400 |
| Wage: Warehouse worker | $34,290 |
| Wage: Heavy truck driver | $52,120 |
| Wage: Electrician | $55,690 |
| Wage: Retail salesperson | $30,040 |
| Cost of living index | 81 |
| Groceries index | 97 |
| Utilities | $190/mo |
| Transit pass | $45/mo |
| Gas price | $2.95/gal |
| Healthcare index | 92 |
| Childcare (per child) | $750/mo |
| Median household income | $50,717 |
| Unemployment rate | 2.9% |
| Population | 18k |
| Crime index | 55/100 |
| School rating | 4.3/10 |
| Walkability | 30/100 |
| Disaster risk | 44/100 |
| Avg. commute | 25 min |
| Sunny days / year | 215 days |
| July high | 90°F |
| January low | 37°F |
| Annual snowfall | — |
| Home price YoY | -0.1% |
| Home price MoM | 0.0% |
| Rent YoY | — |
| Rent MoM | -0.2% |
| Employment (jobs) YoY | +0.5% |
| Building permits YoY | -38.1% |
| Ocean coast | 99 mi |
| Big lake | 72 mi |
| Mountains | 120 mi |
| Major airport | 132 mi |
| Ski resort | 307 mi |
Popular comparisons
Nearby
- Enterprise, AL · 30k
- Montgomery, AL · 197k
- Dothan, AL · 72k
- Millbrook, AL · 17k
- Prattville, AL · 39k
Similar size
- Calera, AL · 18k
- Tillmans Corner, AL · 18k
- Selma, AL · 17k
- Muscle Shoals, AL · 17k
- Gardendale, AL · 17k
Real listings in Troy
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Troy a good place to run a business?
- Alabama's corporate income tax rate is 6.5%; average weekly wages in the surrounding labor market run $1,035/wk; commercial electricity averages 13.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Troy, AL?
- Troy indexes at 81 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $965/mo and a acs median home value of $231,400.
- How much does a house cost in Troy?
- The acs median home value in Troy is $231,400 (Census ACS estimate; individual listings vary).
- How much is rent in Troy?
- A two-bedroom in Troy rents for about $965/mo.