Troy is located in Missouri and has an overall cost of living that is -12% compared to the national average. Understanding the full picture of living expenses — from housing and rent to grocery bills and healthcare — is essential when considering a move to Troy.

Housing: Median rent in Troy is $1,074 / month, and the median home price is $357,741. Housing costs are -33% compared to the national average, which significantly impacts monthly budgets.

Groceries: Daily essentials like bread ($3.97), milk ($4.60), and eggs ($4.54) reflect the local grocery landscape. Overall grocery costs are -3% vs the national average.

Healthcare: Medical costs include doctor visits ($153.68), dentist visits ($123.45), and prescription drugs ($22.25). These costs should be factored into your monthly budget when planning a move.

Missouri has a state income tax rate of 4.95%, which affects take-home pay for Troy residents.

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Troy, Missouri Cost of Living FAQ

Common questions about living costs in Troy.

Troy, Missouri has an overall cost of living that is -12% the national average. Housing costs are -33% vs the national average. Grocery prices are -3% vs average. Utilities are -6% vs average. This makes Troy a very affordable place to live.

The median rent in Troy, Missouri is $1,074 / month. Average energy bills run $206.92 / month. Phone bills average $184.60 / month. Housing is typically the largest expense for residents.

Healthcare costs in Troy: doctor's visit averages $153.68, dentist visit averages $123.45, prescription drugs average $22.25. Overall healthcare expenses in the area are influenced by the -3% grocery cost difference.

Troy is one of 173 cities tracked in Missouri. With an overall cost -12% vs the national average, it is more affordable than many other cities in the state. Visit our Missouri state page to compare all cities side-by-side and find the best fit for your budget.

Troy offers cost of living -12% compared to the national average. Key factors to consider: median home price of $357,741, rent of $1,074 / month, and a state income tax of 4.95% in Missouri. Explore our detailed cost breakdown above to see if Troy fits your budget.