Troy, Michigan, City and Higher Education Information

Troy, Michigan, is a well-off suburb of Detroit, which is Michigan's largest city and the worldwide center of the automobile industry. Schools in the area include Wayne State University and the University of Detroit Mercy. Read about it here.

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Information about Troy

Troy, Michigan, is a city of approximately 83,100 residents, based on 2014 U.S. Census Bureau estimates. The median household income was $84,325 per year for the period 2010-2014, making Troy one of the most affluent communities in Michigan. Troy is relatively homogeneous, but this is changing as more minority residents move to the city. As of 2014, roughly 74 percent of the population was white, while 19 percent was Asian.

Troy is often cited for its low crime rate and high quality of life. It consistently ranks as the safest city in Michigan. Attractions in Troy include the Troy Historical Museum, a free collection of period exhibits that recreate life from various eras in the city's past. The museum includes a blacksmith's shop, a general store and a central gazebo. The Detroit Red Wings professional hockey franchise trains at the city's Troy Sports Center. Further afield, the greater Detroit area features such cultural destinations as the Detroit Institute of Arts and the Motown Historical Museum.

Higher Education

Troy itself is home to the Walsh College of Accountancy and Business Administration, which enrolled roughly 2,700 students as of Fall 2014. There are no other 4-year baccalaureate universities or colleges in the city, but the greater Detroit area hosts such institutions as Oakland University, the University of Detroit Mercy and Wayne State University, the latter two of which are located in Detroit proper. The southern suburb of Dearborn, known as the headquarters of the Ford Motor Company, hosts a campus of the University of Michigan system.

Economy and Industry

Troy's economy is among the healthiest and most dynamic in metropolitan Detroit. Its high median income and large number of resident executives, managerial professionals and other white-collar workers has allowed for the success of such shopping centers as the Somerset Collection, one of the nation's most exclusive collections of upscale stores. A number of corporations are headquartered in the city, including Fortune 500 companies Kelly Services and Meritor.

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