💰 COL Index: 98 — Below Avg Cost

Salaries in Troy, MI

Modeled occupation planning estimates with gross-pay and cost-context formulas.

Model generated 2026-02-26 · Methodology reviewed July 16, 2026 · 40 selected occupations

Selected-Role Model Average
$54,057
unweighted modeled medians; not a worker average
Purchasing-Power Model
$55,160
model average ÷ 98.0 × 100
Highest Modeled Role
Software Developer
$126,496
City 1BR Rent Reference
$1,029
monthly context; not a current quote

What does the salary model mean for Troy?

$54,057 is the unweighted arithmetic average of the modeled medians for these 40 selected occupations. It is not an official mean or median for all local workers.

Model average$54,057/year
Gross monthly equivalent$4,505/month
Household income context$106,965

Keep the measures separate: gross monthly salary is before taxes and deductions; household income can include multiple earners; the selected-role model average is not weighted by local employment.

🏆 Highest Modeled Values in This 40-Role Set

Ranked by modeled annual occupation median. These are planning estimates, not direct local OEWS rows.

🥇 -1% vs national

Software Developer

$126,496
💡 Purchasing-power model $129,078
⏱ Hourly modeled equivalent $60.82/hr
National projected growth +17.0%
🥈 -1% vs national

Accountant

$85,563
💡 Purchasing-power model $87,309
⏱ Hourly modeled equivalent $41.14/hr
National projected growth +3.0%
🥉 -1% vs national

Registered Nurse

$85,553
💡 Purchasing-power model $87,299
⏱ Hourly modeled equivalent $41.13/hr
National projected growth +6.0%
4️⃣ -1% vs national

Elementary School Teacher

$63,287
💡 Purchasing-power model $64,579
⏱ Hourly modeled equivalent $30.43/hr
National projected growth +3.0%
5️⃣ -1% vs national

Electrician

$61,180
💡 Purchasing-power model $62,429
⏱ Hourly modeled equivalent $29.41/hr
National projected growth +3.0%

📋 Complete Salary Guide — All 40 Occupations in Troy

Purchasing-power equivalent = modeled annual median divided by the planning cost index (98.0/100). It does not estimate taxes or take-home pay. This city cost reference is below 100.

Showing all 40 occupations.

#
1 Software Developer $126,496
2 Accountant $85,563
3 Registered Nurse $85,553
4 Elementary School Teacher $63,287
5 Electrician $61,180
6 Real Estate Agent $61,111
7 Heavy Truck Driver $52,771
8 Pharmacy Technician $49,700
9 Dental Assistant $49,700
10 Licensed Practical Nurse (LPN) $49,700
11 Nail Technician $49,700
12 Cosmetologist $49,700
13 Personal Trainer $49,700
14 Chef/Head Cook $49,700
15 Auto Mechanic $49,700
16 Veterinary Technician $49,700
17 Project Manager $49,700
18 Police Officer $49,700
19 Graphic Designer $49,700
20 Data Analyst $49,700
21 Loan Officer $49,700
22 Insurance Agent $49,700
23 Plumber $49,700
24 Paralegal $49,700
25 Carpenter $49,700
26 Human Resources Specialist $49,700
27 Physical Therapist $49,700
28 Financial Analyst $49,700
29 Medical Assistant $49,700
30 Social Worker $49,700
31 Welder $49,700
32 Pharmacist $49,700
33 HVAC Technician $49,700
34 Marketing Manager $49,700
35 Nursing Assistant (CNA) $49,700
36 Construction Manager $49,700
37 Dental Hygienist $49,700
38 Firefighter $49,700
39 Web Developer $49,700
40 Security Guard $35,923

OCity planning estimates. National occupation references are inputs; displayed city values are modeled rather than direct local BLS occupation rows.

Troy salary model: formulas, sources and limitations

Stored occupation model comparison

modeled estimate ÷ stored national reference = row comparison

On this owner, estimate-to-reference ratios are 0.315×–1.490× across occupations. Ratios can vary by occupation, so this is not described as one citywide multiplier or a direct local OEWS download.

Purchasing-power equivalent

modeled estimate ÷ 98.0 × 100

This comparison does not estimate taxes or take-home pay and is not an official BLS adjustment.

Limitations. “Average” is unweighted across selected occupations. Growth fields are national occupation projections, not local forecasts. City and metro geographies can differ. Repeated stored employment counts are not presented as local jobs.

Model generated 2026-02-26; methodology reviewed July 16, 2026.

🏙️ Living Costs in Troy

🏠
1BR Rent
$1,029/mo
🏡
2BR Rent
$1,286/mo
🏘️
Median Home
$427,500
📉
Unemployment
4.0%
💳
Median Income
$106,965
🎓
College Educated
65%
🚶
Walk Score
35/100
📊
Cost of Living
98
Below Avg Cost

🧮 Test Your Troy Budget

Use scenario tools to compare gross pay and city cost context. Results depend on the inputs and do not guarantee take-home pay, housing approval or affordability.

Troy Salary FAQ

What does the average salary in Troy mean on this page?

$54,057 is the unweighted arithmetic average of the modeled medians for 40 selected occupations. It is not an official mean or median for all Troy workers.

What is the monthly salary estimate in Troy?

The selected-occupation model average equals about $4,505 per month before taxes and deductions. This gross arithmetic conversion is not take-home pay or household income.

What is a good salary in Troy?

There is no universal threshold. Household size, current housing quotes, taxes, debt, benefits, transportation and other recurring costs determine fit. The figures here are planning references, not affordability guarantees.

Are these direct local BLS salary observations for Troy?

No. Each stored city planning estimate is compared with its stored national occupation reference. The estimate-to-reference relationship is 0.315×–1.490× across occupations; it is not represented as one universal city multiplier or a direct local BLS observation.

📝 Planning Takeaways for Troy

Use the occupation rows to compare modeled gross-pay references, not to predict an offer. Validate the exact role, experience level, employer, benefits and location. Then model taxes and current household costs before making a relocation or career decision.

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