There are 19 retirement homes near Troy, Michigan. The costs per day of retirement home care in Michigan range from $14 up to $144, with a mean cost running about $59. The monthly expense averages roughly $1,760 and ranges between $412 and $4,317. Yearly, the median cost is about $21,120, which is under the US average of $23,100.
The cost of retirement home living in Troy, MI generally ranges from around $440 per month up to $3,630 per month. The median cost is around $1,980 per month, or about $23,760 annually.
Troy is a medium-sized city in Oakland County within Michigan. It is part of the Detroit-Warren-Livonia metropolitan area. While the encompassing metropolitan area has 3,457,808 people, there are 80,980 living in the city itself. Those over the age of 55 represent around 28% of the population.
The SeniorScore™ for Troy is 86. The city has an average per capita income of $41,000. The average household income is $89,000 compared to the average of $46,000 for the whole of Michigan. The current unemployment rate is roughly 7.79% and the average home price is $228,000, which is relatively higher than the Michigan average of $177,000.
Troy has extreme average temperatures, with cold winters and mildly warm summers. The area receives low levels of precipitation annually. In comparison to other cities in the US, Troy has poor air quality ratings and an exceptionally low rate of crime.