Salaries & Top Paying Jobs in Troy, MI

City

Salary

What is the average salary in Troy, MI?

The average salary in Troy, MI is $61,106 per year.

Graph depicting the yearly salary distribution for Troy, MI, showing an average salary of $61,106 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Troy, MI, showing an average salary of $5,092 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Troy, MI, showing an average salary of $1,175 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Troy, MI, showing an average salary of $29 with varying distribution percentages across salary ranges.

Looking for a job in Troy, MI? Knowing about salaries can help you decide. The average yearly salary in Troy is $61,106. This figure can help you gauge what to expect. Understanding these numbers can guide your career choices.

Most people in Troy earn between $27,500 and $184,318 each year. Here’s a look at the breakdown:

Many people earn around $27,500.
About 16.48% earn close to $43,182.
Some earn over $100,000, with the highest being around $200,000.

These numbers show a range of opportunities based on skills and experience.

What are the best paying jobs in Troy, MI?

Looking for top-paying jobs in Troy, MI? Several careers offer strong salaries and rewarding opportunities. Loan Specialists lead the pack, earning an average of $195,750 annually. Other high-paying roles include Sales Professionals, who average $135,077 a year, and Marketing Managers, with an average salary of $118,119. These positions provide not only competitive compensation but also diverse career paths. Nurses, particularly Nurse Practitioners, average $117,385, while Financial Advisors make around $116,545 a year. Controllers, Attorneys, and Software Engineers also earn above-average salaries, making these professions attractive to job seekers. A career in these fields can offer both financial stability and professional growth.

Graph displaying best paying job salaries in Troy, MI, highlighting Loan Specialist with the highest at $195,750 and Electrical Engineer with the lowest at $101,982.

Loan Specialist
Average Salary: $195,750
This role requires analyzing loan applications. Companies like Fifth Third Bank offer opportunities here. Loan specialists review financial information to decide if a loan is viable.
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Sales Professional
Average Salary: $135,077
This job focuses on selling products or services. Large firms like Ford Motor Company hire sales professionals. They meet with clients and build relationships to increase sales.
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Marketing Manager
Average Salary: $118,119
This role involves developing marketing plans. Companies like Lear Corporation offer positions here. Marketing managers plan campaigns and analyze their effectiveness.
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Nurse Practitioner
Average Salary: $117,385
This job involves providing healthcare. Beaumont Health is one of the employers here. Nurse practitioners diagnose and treat patients, often working in clinics or hospitals.
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Financial Advisor
Average Salary: $116,545
This role helps people manage their finances. Companies like Fifth Third Bank hire financial advisors. They give advice on investments and savings.
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Controller
Average Salary: $114,761
This job involves overseeing a company's finances. Lear Corporation and others hire controllers. They prepare financial reports and manage budgets.
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Attorney
Average Salary: $111,403
This role involves legal work. Many firms in the area hire attorneys. They represent clients in court and advise on legal matters.
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Software Engineer
Average Salary: $106,429
This job involves creating software. Companies like Lear Corporation hire software engineers. They design and test software applications.
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Outside Sales Representative
Average Salary: $103,028
This role involves selling products directly to customers. Ford Motor Company and others hire outside sales reps. They travel to meet with clients and close sales.
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Electrical Engineer
Average Salary: $101,982
This job involves designing electrical systems. Lear Corporation and other companies in the area hire electrical engineers. They develop and test electrical equipment.
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What are the best paying jobs in Troy, MI without a degree?

Job seekers in Troy, MI, have excellent opportunities for well-paying roles that do not require a college degree. Positions like Canvasser and Restaurant Manager offer strong earnings, with Canvassers making around $123,802 per year. These roles allow individuals to start their careers with significant income and potential for growth. Troy also features other high-paying jobs such as Floor Tech and Groundskeeper, providing average salaries around $40,333 and $38,333, respectively. These roles provide stable income and the chance to gain valuable experience. People interested in these jobs can find good opportunities without needing a college education.

Graph displaying best paying job salaries in Troy, MI without a degree, highlighting Canvasser with the highest at $123,802 and Barista with the lowest at $32,330.

Canvasser
Average Salary: $123,802
Promote businesses, products, or events by visiting homes or businesses. Canvassers work for political campaigns, businesses, and non-profits. They need to be persuasive and able to handle questions from people.
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Restaurant Manager
Average Salary: $49,222
Oversee the day-to-day operations of a restaurant. Duties include managing staff, handling customer service issues, and maintaining inventory. Managers need good communication skills and the ability to work well under pressure.
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Floor Tech
Average Salary: $40,333
Clean and maintain floors in commercial spaces. Floor techs use specialized equipment to clean carpets, tiles, and other floor surfaces. Attention to detail and physical stamina are important for this role.
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Groundskeeper
Average Salary: $38,333
Maintain the grounds of properties, including landscaping, lawn care, and snow removal. They may work for parks, schools, or private properties. Physical fitness and experience with gardening tools are necessary.
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Line Cook
Average Salary: $36,162
Prepare food quickly in a commercial kitchen. Line cooks work in fast-paced environments and follow recipes to create menu items. Strong organizational skills and the ability to work well in a team are essential.
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Kitchen Team Member
Average Salary: $34,962
Assist in all kitchen operations, including food prep, cooking, and cleanup. They may also serve food to customers. Attention to detail and the ability to follow instructions are important for this role.
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Housekeeping
Average Salary: $34,505
Clean and maintain rooms in hotels, motels, and other lodging facilities. Housekeeping staff must ensure rooms are tidy and stocked with necessary supplies. Attention to detail and cleanliness are key.
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Server
Average Salary: $33,956
Serve food and beverages to customers in a restaurant setting. They take orders, serve food, and handle payments. Good customer service skills and the ability to work under pressure are important.
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Dishwasher
Average Salary: $33,260
Clean dishes, utensils, and kitchen equipment. Dishwashers work in fast-paced environments and need to be detail-oriented. Physical stamina and attention to cleanliness are necessary for this role.
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Barista
Average Salary: $32,330
Prepare and serve coffee and other beverages in cafes and restaurants. Baristas need to be knowledgeable about different coffee types and brewing methods. Good customer service skills are a plus.
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Which companies offer the top salaries in Troy, MI?

Job seekers looking to maximize their earnings in Troy, MI, have several top-tier companies to consider. United Mortgage Lending stands out as the best-paying company, offering an average salary of $211,733. Following closely is Ameriprise Financial, with an average salary of $100,723. Both companies provide competitive compensation packages that reflect their industry leadership and commitment to employee well-being. Prospective employees can also find attractive salary opportunities at other notable firms in Troy, MI. FlagStar Bank, Magna International, and Cummins offer average salaries ranging from $95,214 to $93,900. These companies provide a blend of stability and professional growth, making them valuable options for those seeking a rewarding career path.

Graph displaying company salaries in Troy, MI, highlighting United Mortgage Lending with the highest at $211,733 and Branex Group with the lowest at $60,954.

United Mortgage Lending
Average Salary: $211,733
United Mortgage Lending is a top player in the mortgage industry. The company is known for its competitive salaries and benefits. It offers a dynamic work environment where employees can grow professionally.
Ameriprise Financial
Average Salary: $100,723
Ameriprise Financial offers financial services. It is well-known for its solid financial planning and investment services. Employees often find opportunities for career advancement within the company.
FlagStar Bank
Average Salary: $95,214
FlagStar Bank focuses on banking services. It provides a wide range of financial products and services. The company values its employees and offers good salary packages.
Magna International
Average Salary: $93,900
Magna International is a global auto parts manufacturer. It offers innovative solutions for the automotive industry. Employees enjoy a good salary along with a supportive work culture.
TEORESI INC.
Average Salary: $90,890
TEORESI INC. specializes in engineering and technology solutions. It provides services to various industries. The company offers competitive salaries to attract top talent.
Cummins
Average Salary: $89,334
Cummins is a leader in power solutions. It offers engines, powertrains, and components. The company provides good salaries and opportunities for career growth.
MortgagePros
Average Salary: $86,901
MortgagePros specializes in mortgage services. It offers a variety of mortgage products to its clients. Employees receive good compensation and work in a positive environment.
Robert Half
Average Salary: $75,637
Robert Half is a staffing firm. It provides temporary and permanent staffing services. The company offers a good salary and helps employees find the right job.
Oakland Community Health Network
Average Salary: $66,773
Oakland Community Health Network offers health services. It focuses on providing quality care to the community. The company provides a fair salary and values its employees.
Branex Group
Average Salary: $60,954
Branex Group is in the financial services sector. It offers various financial products and services. The company provides a good salary and supports professional growth.

How does the cost of living in Troy, MI compare to the national average?

The cost of living in Troy, MI, is notably lower than the nationwide average, which is set at 100. Housing costs in Troy are 20% lower, while groceries and transportation each cost 10% less than the average. Utilities, healthcare, and miscellaneous expenses are also slightly below the national average, with the overall index settling at 90. Each category contributes to Troy's favorable cost of living. Housing, the most significant expense, is 20% cheaper, making it an attractive option for potential residents. Groceries and transportation costs are also below the average, providing additional savings. Utilities, healthcare, and miscellaneous expenses are nearly on par, ensuring a balanced and affordable lifestyle in Troy, MI.

Cost of living comparison graph for Troy, MI vs. Nationwide: housing 20% lower, groceries 10% lower, utilities 5% lower, transportation 15% lower, healthcare 0% lower, miscellaneous 8% lower.

Troy, MI, showcases a cost of living that varies across different categories when compared to the nationwide average. Housing in Troy stands at 80, which is 20% lower than the national average of 100. This means that residents of Troy can expect to spend 20% less on housing than the average American. This relatively lower housing cost can be a significant factor for job seekers considering relocation to Troy.

When it comes to other essential expenses, Troy also shows some differences. Groceries cost 90, which is 10% lower than the national average. Utilities are slightly higher in Troy, with an index of 95, which is 5% more than the average. Transportation costs in Troy are at 85, which means they are 15% below the national average. Healthcare remains at par with the national average at 100, offering no cost advantage or disadvantage. Miscellaneous expenses are at 92, just 8% below the national average. These varied indices provide a clear picture of where job seekers might find savings or additional expenses in Troy.

Salaries in Troy, MI

What is the average salary in Troy, MI?

What are the best paying jobs in Troy, MI?

What are the best paying jobs in Troy, MI without a degree?

Which companies offer the top salaries in Troy, MI?

How does the cost of living in Troy, MI compare to the national average?

There are 1,290 job openings in Troy, MI, today!

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