Troy is located in Spencer County, Indiana. Troy has a 2025 population of 11,985. Troy is currently growing at a rate of 0.14% annually and its population has increased by 0.34% since the most recent census, which recorded a population of 11,944 in 2020.
The average household income in Troy is $65,055 with a poverty rate of 16.86%. The median age in Troy is 38.9 years: 37.2 years for males, and 41.6 years for females.
Data after 2023 is projected based on recent change
The racial composition of Troy includes 94.18% White, and smaller percentages for Black or African American, Asian, Native American, other race and multiracial populations.
White (94.2%)
Two or more races (3.1%)
Black or African American (1.0%)
Asian (1.0%)
Native American (0.4%)
Other race (0.2%)
Race | Population | Percentage (of total) |
|---|---|---|
| White | 11,259 | 94.18% |
| Two or more races | 376 | 3.15% |
| Black or African American | 124 | 1.04% |
| Asian | 117 | 0.98% |
| Native American | 54 | 0.45% |
| Other race | 25 | 0.21% |
Married
Widowed
Divorced
Separated
Never Married
Troy's average per capita income is $45,448. Household income levels show a median of $52,765. The poverty rate stands at 16.86%.
Name | Median | Mean |
|---|---|---|
| Married Families | $88,156 | - |
| Families | $73,266 | $80,045 |
| Households | $52,765 | $65,055 |
| Non Families | $31,825 | $44,484 |
Average Income
Median Household Income
Poverty Rate