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 Black or African American, Native American, Asian, Native Hawaiian or Pacific Islander, other race and multiracial populations.
White
Two or more races
Black or African American
Native American
Asian
Native Hawaiian or Pacific Islander
Other race
Race | Population | Percentage (of total) |
|---|---|---|
| White | 509 | 94.43% |
| Two or more races | 30 | 5.57% |
| Black or African American | 0 | 0% |
| Native American | 0 | 0% |
| Asian | 0 | 0% |
| Native Hawaiian or Pacific Islander | 0 | 0% |
| Other race | 0 | 0% |
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