Troy Hourly Wage & Salary 2026
Troy, MI: $24.84/hr median hourly wage, $51,669 median annual salary, cost of living index 87.2, and $10.33/hr minimum wage. Calculate take-home pay with federal and Michigan taxes.
Troy Hourly Wage Quick Answer
The median hourly wage in Troy, MI is $24.84/hr, equivalent to $51,669 per year at 2,080 work hours. Entry-level pay estimates around $15.40/hr, senior-level pay estimates around $35.27/hr, and the local minimum wage is $10.33/hr.
Median Salary
$51,669
$24.84/hr
Cost of Living
87.2
US avg = 100
Minimum Wage
$10.33
per hour
Unemployment
3.6%
rate
Troy, MI Overview
Population
87,294
Median Salary
$51,669
Average Salary
$57,869
Avg Commute
20 min
Median Home Price
$215,000
Median Rent
$904/mo
Job Growth
+2.9%
Sales Tax
6%
Troy is located in Michigan with a population of 87,294. The median household salary is $51,669 per year ($24.84/hour), which is $7,715 below the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +2.9%.
Troy Salary by Experience Level (2026)
Wage distribution in Troy, MI based on BLS percentile breakdown of the $51,669 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $32,035 | $15.40/hr | 0–2 years |
| Mid-Level (Median) | $51,669 | $24.84/hr | 3–7 years |
| Senior-Level | $73,370 | $35.27/hr | 8–15 years |
| Top 10% (90th Percentile) | $91,971 | $44.22/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Troy Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Troy, MI, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$41,386
$3,448.87/month · $1,591.79/biweekly · Effective Rate: 19.9%
Gross Pay
$51,669
Federal Tax
-$4,020
State Tax
-$2,196
Local Tax
-$114
FICA
-$3,953
Net Pay
$41,386
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,305.75 | $51,669.00 |
| Federal Income Tax | -$335.02 | -$4,020.28 |
| Michigan State Tax (4.25%) | -$182.99 | -$2,195.93 |
| Local Tax (0.22%) | -$9.47 | -$113.67 |
| Social Security (6.2%) | -$266.96 | -$3,203.48 |
| Medicare (1.45%) | -$62.43 | -$749.20 |
| Net Take-Home Pay | $3,448.87 | $41,386.44 |
Salary Comparison: Troy vs Other Cities
See how Troy's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Troy, MI | $51,669 | 87.2 | $59,253 |
| National Average | $59,384 | 100 | $59,384 |
| Dunedin, FL | $51,661 | 101.7 | $50,797 |
| Beaverton, OR | $51,690 | 105.9 | $48,810 |
| Springfield, OH | $51,617 | 86.9 | $59,398 |
| Friendswood, TX | $51,585 | 95.4 | $54,072 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Troy
Troy's cost of living index is 87.2 (national average = 100). Living in Troy is 12.799999999999997% less expensive than the national average.
Median Home Price
$215,000
Median Monthly Rent
$904
Annual Rent Cost
$10,848
Your Salary's Purchasing Power
Your $41,386 annual take-home pay in Troy has the purchasing power of approximately $47,462 in an average-cost US area. Your $51,669 salary stretches further here than in most US cities.
Top Industries in Troy
Troy's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $51,669.
Salary Tips for Troy Workers
- Your salary goes further here. Troy has a cost of living 12.799999999999997% below the national average. A salary of $51,669 here has the purchasing power of about $59,253 in an average-cost area.
- Research top industries. Troy's top industries include Automotive, Manufacturing, Agriculture. Targeting roles in these sectors can help you earn above the $51,669 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Methodology & Local Economy Data Sources
How we calculate Troy salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Troy-MI metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Troy indexed at 87.2.
- Median salary calculation: weighted average of Troy's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $51,669 annual median.
- Tax burden reflects Michigan state income tax (4.25%), plus Troy local tax of 0.22%, sales tax (6%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Troy: 3.6%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Automotive, Manufacturing, Agriculture — based on QCEW employment concentration data.
- Job growth: 2.9% projected through 2034, derived from BLS Employment Projections program for Michigan.
- Housing context: median home price $215,000, median rent $904/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Troy, MI:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Troy unemployment rate
- U.S. Census Bureau — Troy QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — Michigan — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Troy's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent Michigan labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
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Frequently Asked Questions
What is the hourly wage in Troy, MI?
The median hourly wage in Troy, MI is $24.84 per hour. At a standard 2,080-hour work year, that equals about $51,669 per year. Entry-level workers are estimated around $15.40/hr, while senior-level workers are estimated around $35.27/hr before overtime, bonuses, or benefits.
What is the median salary in Troy, MI?
The median salary in Troy, MI is $51,669 per year, or $24.84 per hour. The average salary is $57,869. This is $7,715 below the national median of $59,384.
What is the cost of living in Troy, MI?
Troy's cost of living index is 87.2 (national average = 100), meaning it is 12.799999999999997% less expensive compared to the national average. The median home price is $215,000 and the median monthly rent is $904.
What are the best industries in Troy?
The top industries in Troy, MI include Automotive, Manufacturing, Agriculture. The city has a job growth rate of 2.9% and an unemployment rate of 3.6%. Workers in these industries often earn above the city's median salary of $51,669.
How does Troy's salary compare to other cities?
Troy's median salary of $51,669 is 13.0% below the national median of $59,384. However, when adjusted for cost of living (index: 87.2), the real purchasing power is approximately $59,253.
What is the minimum wage in Troy, MI?
The minimum wage in Troy, MI is $10.33 per hour. This equals approximately $21,486 per year for a full-time worker (40 hours/week). This is $3.08 above the federal minimum wage of $7.25/hour.