Troy is a city located in Oakland County, Michigan. As of the 2000 census, the city had a total population of 80,959. The community's founders, who arrived in the 1840s, named it for their native city of Troy, New York. Troy became an incorporated city in 1955. In 2003, it was named Michigan's Sportstown by Sports Illustrated magazine, for having the top community sports programs in the state.
In the summer of 2005, to commemorate the city's 50th anniversary, 50 ceramic beaver statues, each standing four feet (1.2 m) high, will be displayed at various locations in the city. The beaver is a symbol of Troy, and the city's main commercial thoroughfare (Big Beaver Road) is named for it.
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Troy is a thriving center of business, particularly in the automotive and financial segments, and is home to a number of major companies. Based on property value, Troy is the 2nd largest city in Michigan, second only to Detroit. Troy is also home to the Somerset Collection and Oakland Mall, two of the more profitable malls in the metropolitan Detroit area.
Major companies headquartered in Troy
- Kmart Corporation
- SAE International
- Delphi Corporation
- Standard Federal Bank
- Flagstar Bank
- DuPont Automotive
- Behr America
- Decoma International
As of the census2 of 2000, there are 80,959 people, 30,018 households, and 21,883 families residing in the city. The population density is 932.0/km² (2,413.9/mi²). There are 30,872 housing units at an average density of 355.4/km² (920.5/mi²). The racial makeup of the city is 82.30% White, 2.09% African American, 0.15% Native American, 13.25% Asian, 0.02% Pacific Islander, 0.36% from other races, and 1.82% from two or more races. 1.46% of the population are Hispanic or Latino of any race.
There are 30,018 households out of which 36.9% have children under the age of 18 living with them, 64.5% are married couples living together, 6.0% have a female householder with no husband present, and 27.1% are non-families. 22.8% of all households are made up of individuals and 7.8% have someone living alone who is 65 years of age or older. The average household size is 2.69 and the average family size is 3.23.
In the city the population is spread out with 26.2% under the age of 18, 6.7% from 18 to 24, 29.8% from 25 to 44, 27.1% from 45 to 64, and 10.2% who are 65 years of age or older. The median age is 38 years. For every 100 females there are 98.1 males. For every 100 females age 18 and over, there are 94.8 males.
The median income for a household in the city is $77,538, and the median income for a family is $92,058. Males have a median income of $66,475 versus $41,026 for females. The per capita income for the city is $35,936. 2.7% of the population and 1.7% of families are below the poverty line. Out of the total population, 2.2% of those under the age of 18 and 5.5% of those 65 and older are living below the poverty line.