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What is the average salary in Troy, MI?

The average salary in Troy, MI is $60,821 per year.

Salaries in Troy, MI offer a range of opportunities for job seekers. Many find good compensation in this area. The average yearly salary is around $60,821. This average reflects the diverse industries that make up the local economy.


In Troy, MI, people can expect to earn between $26,500 and $225,000 per year. The top earners make over $200,000 annually. Most workers earn between $62,591 and $98,682 each year. Here is a breakdown of the salary distribution: less than $26,500, 44.51% of workers earn this; $26,500 to $44,545, 18.02% earn this; $44,545 to $62,591, 11.73% earn this; $62,591 to $80,636, 7.19% earn this; $80,636 to $98,682, 5.90% earn this; $98,682 to $116,727, 3.18% earn this; $116,727 to $134,773, 1.63% earn this; $134,773 to $152,818, 1.25% earn this; $152,818 to $170,864, 0.77% earn this; $170,864 to $188,909, 0.46% earn this; $188,909 to $206,955, 0.36% earn this; and over $206,955, 0.25% earn this.

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What are the best paying jobs in Troy, MI?

In Troy, MI, job seekers have many high-paying options available. Positions like Loan Specialist, Canvasser, and Nurse Practitioner offer some of the highest salaries. These jobs provide excellent pay and opportunities for career growth. Loan Specialists in Troy earn an average salary of nearly $181,523. Canvassers and Nurse Practitioners also enjoy strong earnings, at around $132,091 and $124,171 respectively. These roles allow professionals to leverage their skills in a rewarding job market. Other top-paying jobs include Sales Professionals, Controllers, and Marketing Managers, all offering substantial compensation for their expertise.
Graph displaying best paying job salaries in Troy, MI, highlighting Loan Specialist with the highest at $181,523 and Electrical Engineer with the lowest at $99,915.
  1. Loan Specialist
    Average Salary: $181,523
    This role involves assessing loan applications, managing finances, and working with clients. Companies in the area offer great benefits and opportunities for growth. It requires attention to detail and strong communication skills.
    Find Loan Specialist jobs in Troy, MI


  2. Canvasser
    Average Salary: $132,091
    This position involves gathering information from the community. It is a great entry-level role with potential for advancement. Companies offer training and a chance to make a difference.
    Find Canvasser jobs in Troy, MI


  3. Nurse Practitioner
    Average Salary: $124,171
    Nurses provide healthcare and treatment plans for patients. They work in hospitals and clinics, often collaborating with doctors. This job requires a deep understanding of patient care and strong interpersonal skills.
    Find Nurse Practitioner jobs in Troy, MI


  4. Sales Professional
    Average Salary: $121,240
    Sales professionals focus on selling products or services. They work in various industries, from tech to retail. This role involves building relationships and meeting sales targets.
    Find Sales Professional jobs in Troy, MI


  5. Controller
    Average Salary: $113,322
    Controllers oversee a company's finances. They prepare budgets, manage accounts, and ensure financial accuracy. This position requires strong analytical skills and financial expertise.
    Find Controller jobs in Troy, MI


  6. Marketing Manager
    Average Salary: $109,598
    Marketing managers create and implement strategies to promote products. They work in diverse industries and use creativity to engage customers. This role involves teamwork and strategic thinking.
    Find Marketing Manager jobs in Troy, MI


  7. Financial Advisor
    Average Salary: $109,114
    Financial advisors help clients manage their money. They provide advice on investments, retirement, and savings. This job requires a good understanding of financial markets and regulations.
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  8. Software Engineer
    Average Salary: $105,266
    Software engineers design and develop software applications. They work in tech companies and often collaborate with teams. This role requires strong coding skills and problem-solving abilities.
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  9. Attorney
    Average Salary: $104,691
    Attorneys provide legal advice and represent clients. They work in law firms and handle a variety of cases. This role requires strong research and negotiation skills, as well as a deep understanding of the law.
    Find Attorney jobs in Troy, MI


  10. Electrical Engineer
    Average Salary: $99,915
    Electrical engineers design and develop electrical equipment. They work in tech and manufacturing companies. This job requires strong technical skills and problem-solving abilities.
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What are the best paying jobs in Troy, MI without a degree?

Looking for top-paying jobs in Troy, Michigan, without a degree? Several opportunities stand out for those seeking good compensation without formal education. Canvassers and restaurant managers lead the list, offering salaries above $44,000. These roles are ideal for individuals who thrive in direct interaction and leadership positions. Following closely are floor techs and meat cutters, both providing solid income opportunities. Jobs like line cook, server, and kitchen team member also present attractive earnings. Positions in housekeeping and dishwashing, while lower-paying, still offer steady wages. These jobs are perfect for those who prefer hands-on work and don’t need a degree to start earning.
Graph displaying best paying job salaries in Troy, MI without a degree, highlighting Canvasser with the highest at $132,091 and Concrete Finisher with the lowest at $32,571.
  1. Canvasser
    Average Salary: $132,091
    An engaging role that involves visiting homes and businesses to collect information or promote products. Local companies often seek canvassers for surveys and promotions. It's a great way to earn while interacting with the community.
    Find Canvasser jobs in Troy, MI


  2. Restaurant Manager
    Average Salary: $44,876
    This position oversees the daily operations of a restaurant. Tasks include managing staff, handling budgets, and ensuring customer satisfaction. Local eateries value a manager with strong leadership and customer service skills.
    Find Restaurant Manager jobs in Troy, MI


  3. Floor Tech
    Average Salary: $37,842
    Floor technicians ensure the cleanliness and safety of building surfaces. They work in commercial spaces and hotels, using specialized equipment to maintain floors. Attention to detail and a willingness to work in various settings are key.
    Find Floor Tech jobs in Troy, MI


  4. Meat Cutter
    Average Salary: $37,371
    In grocery stores and butcher shops, meat cutters prepare and package meat for sale. They need to follow safety and hygiene standards. This role is ideal for those who enjoy working with hands and are detail-oriented.
    Find Meat Cutter jobs in Troy, MI


  5. Line Cook
    Average Salary: $35,252
    Line cooks work quickly in kitchens to prepare ingredients and dishes. They often handle multiple tasks at once and need to be efficient under pressure. This position is common in fast-paced restaurant environments.
    Find Line Cook jobs in Troy, MI


  6. Server
    Average Salary: $35,143
    Servers interact with customers to take orders and serve food and drinks. They need strong communication skills and a friendly demeanor. This role is found in a variety of dining establishments.
    Find Server jobs in Troy, MI


  7. Kitchen Team Member
    Average Salary: $34,778
    Kitchen team members assist with various tasks in a restaurant. They help with food preparation, cooking, and cleaning. This job requires teamwork and the ability to work in a fast-paced environment.
    Find Kitchen Team Member jobs in Troy, MI


  8. Housekeeping
    Average Salary: $33,355
    Housekeeping staff ensure that rooms and common areas are clean and tidy. They work in hotels, motels, and residential buildings. This role is ideal for those who value cleanliness and organization.
    Find Housekeeping jobs in Troy, MI


  9. Dishwasher
    Average Salary: $32,891
    Dishwashers clean dishes, utensils, and kitchen equipment. They work in restaurants and cafeterias, ensuring everything is ready for the next use. Attention to detail and a strong work ethic are important for this job.
    Find Dishwasher jobs in Troy, MI


  10. Concrete Finisher
    Average Salary: $32,571
    Concrete finishers smooth and finish concrete surfaces for construction projects. They use tools to shape and level concrete. This job requires physical strength and an understanding of construction techniques.
    Find Concrete Finisher jobs in Troy, MI

Which companies offer the top salaries in Troy, MI?

Companies in Troy, MI, offer competitive salaries to their employees, with United Mortgage Lending leading the way. This finance-focused company provides an average salary of over $240,000. Joining a company like United Mortgage Lending can help job seekers achieve higher earnings and financial security. Other top-paying employers in Troy include UHY LLP, Ameriprise Financial, and Magna International. These companies offer average salaries ranging from nearly $70,000 to over $100,000. A variety of industries provide good compensation, allowing job seekers to find a role that fits their skills and career goals.
Graph displaying company salaries in Troy, MI, highlighting United Mortgage Lending with the highest at $242,352 and 1-800 HANSONS with the lowest at $70,430.
  1. United Mortgage Lending
    Average Salary: $242,352
    United Mortgage Lending offers various roles in financial services. They focus on providing home loans and financial planning.


  2. UHY LLP
    Average Salary: $104,758
    UHY LLP is an accounting and consulting firm. They help businesses with tax, auditing, and advisory services.


  3. Ameriprise Financial
    Average Salary: $99,840
    Ameriprise Financial provides financial services and investment products. They aim to help clients achieve their financial goals.


  4. Magna International
    Average Salary: $94,639
    Magna International is a global auto parts manufacturer. They design and produce parts for cars and light trucks.


  5. Cummins
    Average Salary: $91,856
    Cummins is a leader in power technology. They build engines, power systems, and related parts for many industries.


  6. TEORESI INC.
    Average Salary: $90,006
    TEORESI INC. specializes in IT services. They offer software development and consulting to businesses.


  7. FlagStar Bank
    Average Salary: $84,357
    FlagStar Bank provides banking services. They offer personal and commercial banking solutions to customers.


  8. Unified Business Technologies
    Average Salary: $82,142
    Unified Business Technologies offers IT solutions. They focus on helping businesses with their technology needs.


  9. Robert Half
    Average Salary: $72,620
    Robert Half is a staffing firm. They help companies find temporary and permanent employees for various roles.


  10. 1-800 HANSONS
    Average Salary: $70,430
    1-800 HANSONS provides office supplies and furniture. They serve businesses with their sourcing and delivery needs.

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

Troy, MI, has a cost of living index that is slightly lower than the nationwide average. The graph shows that the overall cost of living in Troy is about 95% of the national average. This makes it a more affordable option for those looking to relocate, as most expenses are only a bit lower than what one might find across the country. Specifically, Troy’s housing costs are 10% below the average, while groceries and transportation are also slightly below average at 5% each. Utilities, healthcare, and miscellaneous costs are nearly on par with the national figures. This data suggests that job seekers considering Troy can expect manageable living expenses, making it a practical choice for relocation.
Cost of living comparison graph for Troy, MI vs. Nationwide: housing 10% lower, groceries 5% lower, utilities 0% lower, transportation 5% lower, healthcare 2% lower, miscellaneous 3% lower.

Troy, Michigan, presents a cost of living index that is slightly below the nationwide average, which is set at 100. Specifically, the cost of housing in Troy is 90, indicating that it is 10% less expensive than the national average. This makes housing one of the more affordable aspects of living in Troy. For groceries, the index stands at 95, which is just 5% below the national average, suggesting that grocery costs are relatively similar to those found in other parts of the country.


Utilities in Troy are on par with the nationwide average, as the index is precisely 100. This means that the cost of utilities does not differ significantly from the rest of the United States. Transportation costs in Troy also hover close to the national average, with an index of 95, indicating a 5% reduction. Healthcare costs in Troy are slightly below average at 98, showing a 2% decrease. The miscellaneous category in Troy has an index of 97, which is a 3% reduction compared to the national average. Overall, the cost of living in Troy, MI, offers a blend of affordability in housing and close-to-average expenses in other categories, making it an attractive option for many job seekers.

There are 1,218 job openings in Troy, MI, today!

Take a deeper dive into the job market in Troy, MI

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City
Overview
Troy, MI
1,218 Job Openings