Troy is a town located in Spencer County, Indiana. Troy has a 2025 population of 370. Troy is currently growing at a rate of 1.37% annually and its population has increased by 6.63% since the most recent census, which recorded a population of 347 in 2020.
The average household income in Troy is $72,410 with a poverty rate of 7.98%. The median age in Troy is 32.6 years: 38.3 years for males, and 18.4 years for females.
Data after 2023 is projected based on recent change
The racial composition of Troy includes 94.43% White, and smaller percentages for and multiracial populations.
White (94.4%)
Two or more races (5.6%)
Race | Population | Percentage (of total) |
|---|---|---|
| White | 509 | 94.43% |
| Two or more races | 30 | 5.57% |
Married
Widowed
Divorced
Separated
Never Married
Troy's average per capita income is $43,125. Household income levels show a median of $50,000. The poverty rate stands at 7.98%.
Name | Median | Mean |
|---|---|---|
| Married Families | $58,404 | - |
| Families | $57,819 | $59,211 |
| Households | $50,000 | $72,410 |
| Non Families | - | $108,962 |
Average Income
Median Household Income
Poverty Rate