salaryRent is higher than in 50% of U.S. cities. A typical house costs about 3.3 years of household income. Most households rent (63%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $66,400 a year. That is $32 an hour at a full-time job.
Is rent cheaper than other New York cities?
Yes. Rent here is cheaper than in most of New York. It is number 111 of 343 cities from cheapest to most expensive.
How much do households earn in Troy?
Share of households by yearly income. 20.4% of households earn $100,000 or more.
Rent by apartment size in Troy
| Size | Troy | U.S. average |
|---|---|---|
| Studio | $1,271 | $1,338 |
| 1 bedroom | $1,183 | $1,324 |
| 2 bedrooms | $1,353 | $1,509 |
| 3 bedrooms | $1,405 | $1,698 |
| 4 bedrooms | $1,280 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Troy overall?
Everyday prices in the Albany-Schenectady-Troy metro area are same as the U.S. average (index 99.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Troy
Life in Troy
What jobs pay in Troy
| Job | Median pay | Rent / pay |
|---|---|---|
| Physician Assistant | $137,850 | 14.5% |
| Pharmacist | $136,720 | 14.6% |
| Nurse Practitioner | $134,590 | 14.8% |
| Lawyer | $131,310 | 15.2% |
| Software Developer | $127,910 | 15.6% |
| Operations Manager | $111,130 | 17.9% |
| Civil Engineer | $102,470 | 19.4% |
| Registered Nurse | $99,970 | 19.9% |
| Dental Hygienist | $98,030 | 20.3% |
| Computer Systems Analyst | $86,890 | 22.9% |
| Accountant | $84,660 | 23.5% |
| Elementary School Teacher | $79,240 | 25.1% |
| Police Officer | $78,240 | 25.5% |
| Plumber | $77,460 | 25.7% |
| Market Research Analyst | $76,140 | 26.2% |
| Electrician | $74,890 | 26.6% |
| Firefighter | $70,840 | 28.1% |
| HVAC Technician | $66,040 | 30.2% |
| Licensed Practical Nurse | $62,150 | 32.1% |
| Carpenter | $60,720 | 32.8% |
| Truck Driver | $60,720 | 32.8% |
| Server (Waiter/Waitress) | $48,980 | 40.7% |
| Customer Service Representative | $45,350 | 43.9% |
| Medical Assistant | $44,870 | 44.4% |
| Warehouse Worker | $43,640 | 45.6% |
| Nursing Assistant | $40,160 | 49.6% |
| Restaurant Cook | $39,610 | 50.3% |
| Retail Salesperson | $35,420 | 56.2% |
| Cashier | $34,290 | 58.1% |
Is it cheaper to rent or buy in Troy?
Buying is cheaper month to month: about $227 a month less than renting.
Owning assumes a typical $206,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $20,650 for the down payment.
Frequently asked questions
What is the average rent in Troy, NY?
Renting in Troy costs a median of about $1,660 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in Troy?
To keep rent under 30% of income, you need about $66,400 a year, or $32 an hour at a full-time job.
Is Troy cheap or expensive?
Troy is rated Expensive: rent takes 31.6% of the typical household income of $63,067. It ranks 111th cheapest of 343 New York cities we track.
How much are property taxes in Troy?
The median homeowner in Troy pays $4,749 a year in property taxes, about 2.30% of the median home value.
Is Troy more expensive than the national average?
Overall prices in the metro area are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Troy?
The median home value in Troy is $206,500, about 3.3 times the typical yearly household income.
51,033 people live in Troy. Numbers are typical (middle) values.