Affordable

What Salary Do You Need to Live in Troy?

To afford a 2-bedroom in Troy, you need to earn at least $25,200/year based on estimated fair market rent data. The median household income here is $32,784, which means the typical resident is $7,584 above the threshold.

Census ACS Data Pop. 884

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$441	$1,470	$17,640	$-15,144
1 Bedroom	$523	$1,743	$20,920	$-11,864
2 Bedroom BENCHMARK	$630	$2,100	$25,200	$-7,584
3 Bedroom	$769	$2,563	$30,760	$-2,024
4 Bedroom	$945	$3,150	$37,800	+$5,016

Affordability Breakdown

Where the required salary line crosses above Troy's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$32,784

Annual household

2BR Required Salary

$25,200

Under 30% rule

Income Gap

+$7,584

Surplus

Verdict

Affordable

Ratio: 23.1%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Troy

Your Annual Salary

Pre-filled with Troy's median household income

Max monthly rent you can afford$820

Studio

$441/mo

1 BR

$523/mo

2 BR

$630/mo

3 BR

$769/mo

4 BR

$945/mo

Your salary is $0 above the median income in Troy.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Troy's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Troy

Living in Troy is well within reach for most median-income earners. With a $7,584 cushion between what residents earn and what a 2-bedroom requires, households in Troy typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Troy, a studio at $441/month offers an even more aggressive savings rate. Even a 3-bedroom at $769/month remains accessible for dual-income households earning above $30,760.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $37,800 would position you well — though many residents in Troy manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Troy, Montana.

With a total population of 884, the city supports an active civilian workforce of 300 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $25,200 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

300

Active civilian employees in Troy

Frequently Asked Questions About Renting in Troy

What salary do I need to live in Troy, Montana?

To afford a 2-bedroom in Troy under the 30% rule, you need an annual salary of at least $25,200. The median household income in Troy is $32,784.

Can I afford a 2-bedroom in Troy on $32,784?

The affordability verdict for Troy is "Affordable". The rent-to-income ratio is 23.1%, meaning median earners have a $7,584 surplus.

What is the average rent in Troy compared to median income?

The median gross rent in Troy is $523/month. With a median household income of $32,784, residents spend approximately 23.1% of their income on rent.

What salary do I need for a studio in Troy?

A studio in Troy rents for approximately $441/month. Under the 30% rule, you need an annual salary of $17,640 to afford this.

Is Troy considered an affordable place to live?

Based on the surplus of $7,584 and an affordability verdict of "Affordable", Troy is considered a affordable rental market when comparing the required 2-bedroom salary of $25,200 to the local median household income.

How Troy Compares

Other cities in Montana with salary requirements