City
Salary

What is the average salary in Troy, MI?

The average salary in Troy, MI is $59,966 per year.

Salaries in Troy, MI offer a range of opportunities for job seekers. The average yearly salary is around $59,966. This shows a variety of positions available across different sectors.

Different job sectors pay at different levels. The highest-paying jobs often require advanced skills or degrees. For example, those in technology and healthcare often earn more. Most jobs range between $27,000 and $105,636 per year. Some sectors offer even higher salaries, up to $200,000 for top positions.

Here are some average salaries for specific roles:

  • Healthcare: $89,909
  • IT and Tech: $105,636
  • Finance: $74,182
  • Education: $42,727
  • Retail: $27,000
View jobs in Troy, MI

What are the best paying jobs in Troy, MI?

Troy, Michigan, offers a range of high-paying jobs for skilled professionals. Among the top-paying positions are Loan Specialists, who earn an average of $183,104 annually. This area also values roles like Sales Professionals and Software Engineers, with each commanding over $125,000 a year. These opportunities attract individuals seeking stability and rewarding careers. Additionally, Marketing Managers, Financial Advisors, and Nurse Practitioners find competitive salaries in Troy. Each of these roles benefits from the area's strong economic environment and demand for skilled workers. Job seekers looking for high compensation will find these positions particularly appealing in Troy, MI.
Graph displaying best paying job salaries in Troy, MI, highlighting Loan Specialist with the highest at $183,104 and Electrical Engineer with the lowest at $100,881.
  1. Loan Specialist
    Average Salary: $183,104
    People in this role help clients secure loans for homes, cars, or businesses. Financial institutions and mortgage companies seek dedicated professionals who can navigate complex loan applications. These experts work closely with clients to understand their needs and guide them through the approval process.
    Find Loan Specialist jobs in Troy, MI


  2. Canvasser
    Average Salary: $133,750
    Canvassers go door-to-door to gather information or promote products. They speak with residents to gather data for surveys or to promote services. This role allows for interaction with community members and can be with research firms or local businesses.
    Find Canvasser jobs in Troy, MI


  3. Sales Professional
    Average Salary: $125,881
    Sales professionals sell products or services to customers. They understand client needs and provide solutions. Companies in Troy often seek sales reps with strong communication skills. These positions offer commissions and bonuses.
    Find Sales Professional jobs in Troy, MI


  4. Nurse Practitioner
    Average Salary: $121,695
    Nurse Practitioners provide primary and specialty care. They diagnose and treat illnesses, manage patient care, and prescribe medications. This role involves working in clinics or hospitals. Local healthcare facilities value their expertise.
    Find Nurse Practitioner jobs in Troy, MI


  5. Controller
    Average Salary: $115,140
    Controllers oversee financial reporting and budgeting. They ensure financial compliance and advise on financial strategy. This role requires attention to detail and strong analytical skills. Many companies in Troy need experienced controllers.
    Find Controller jobs in Troy, MI


  6. Marketing Manager
    Average Salary: $114,099
    Marketing Managers develop and implement marketing strategies. They analyze market trends and manage campaigns. This position involves collaboration with creative and sales teams. Local firms seek skilled managers to boost brand presence.
    Find Marketing Manager jobs in Troy, MI


  7. Financial Advisor
    Average Salary: $111,131
    Financial Advisors help clients manage their finances. They provide advice on investments, retirement plans, and tax strategies. This role requires strong communication and trust. Many in Troy seek advisors for personalized financial guidance.
    Find Financial Advisor jobs in Troy, MI


  8. Attorney
    Average Salary: $107,351
    Attorneys represent clients in legal matters. They handle cases in areas like civil law, criminal law, or business law. This role involves extensive research and courtroom experience. Many law firms in Troy seek skilled attorneys.
    Find Attorney jobs in Troy, MI


  9. Software Engineer
    Average Salary: $104,038
    Software Engineers design, develop, and test software applications. They write code and troubleshoot problems. This role requires strong technical skills. Tech companies in Troy value engineers who can innovate and create user-friendly software.
    Find Software Engineer jobs in Troy, MI


  10. Electrical Engineer
    Average Salary: $100,881
    Electrical Engineers design and develop electrical systems. They work on projects like power generation or telecommunications. This role involves problem-solving and technical expertise. Local firms seek engineers who can handle complex projects.
    Find Electrical Engineer jobs in Troy, MI

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

Job seekers in Troy, MI, looking for top-paying roles that do not require a degree have several good options. Canvassers lead the pack with an average salary of $133,750. Other positions like restaurant managers, floor techs, and line cooks also offer competitive pay. These roles provide opportunities to start earning well without needing a degree. Restaurant managers, floor techs, and line cooks, for example, offer solid income. Kitchen team members, servers, and housekeeping staff earn good wages, too. Positions like dishwashers, concrete finishers, and baristas round out the list of well-paying jobs that value experience and skills over formal education.
Graph displaying best paying job salaries in Troy, MI without a degree, highlighting Canvasser with the highest at $133,750 and Barista with the lowest at $32,522.
  1. Canvasser
    Average Salary: $133,750
    Engage with the community to promote local businesses and events. This role can lead to significant earnings, especially with commissions. This position allows for direct interaction with the community.
    Find Canvasser jobs in Troy, MI


  2. Restaurant Manager
    Average Salary: $46,209
    Oversee the daily operations of a restaurant, ensuring customer satisfaction. Experience with brands like Olive Garden or Red Lobster is helpful. This position requires leadership skills and customer service experience.
    Find Restaurant Manager jobs in Troy, MI


  3. Floor Tech
    Average Salary: $38,555
    Maintain cleanliness and organization in commercial or industrial settings. Focus on detailed cleaning tasks, often in high-traffic areas. This role is ideal for those who enjoy a clean and tidy work environment.
    Find Floor Tech jobs in Troy, MI


  4. Line Cook
    Average Salary: $35,642
    Prepare meals in a fast-paced kitchen environment. Work under pressure to meet high-quality standards. Experience in local restaurants can be beneficial, offering a dynamic work atmosphere.
    Find Line Cook jobs in Troy, MI


  5. Kitchen Team Member
    Average Salary: $35,536
    Support various kitchen tasks, from food preparation to cleanup. This role is entry-level but offers a chance to learn essential culinary skills. It is often a stepping stone to higher positions in the food service industry.
    Find Kitchen Team Member jobs in Troy, MI


  6. Server
    Average Salary: $34,715
    Provide attentive service to customers in dining establishments. Build rapport with guests and ensure their dining experience is pleasant. This position requires strong interpersonal skills and the ability to work in a fast-paced environment.
    Find Server jobs in Troy, MI


  7. Housekeeping
    Average Salary: $33,486
    Clean and maintain guest rooms in hotels. Ensure all areas are tidy and presentable for guests. This role is important for maintaining a welcoming atmosphere in hospitality settings.
    Find Housekeeping jobs in Troy, MI


  8. Dishwasher
    Average Salary: $33,266
    Wash dishes, utensils, and cookware. Maintain a clean and organized kitchen. This job is crucial for the smooth operation of food service establishments, requiring attention to detail.
    Find Dishwasher jobs in Troy, MI


  9. Concrete Finisher
    Average Salary: $32,769
    Prepare and finish concrete surfaces. Use various tools to ensure a smooth and even finish. This role requires manual dexterity and a keen eye for detail, often working on construction sites.
    Find Concrete Finisher jobs in Troy, MI


  10. Barista
    Average Salary: $32,522
    Prepare and serve coffee and other beverages. Interact with customers to take orders. This role offers a creative outlet, allowing for artistic flair in drink presentations.
    Find Barista jobs in Troy, MI

Which companies offer the top salaries in Troy, MI?

Troy, MI, has several companies that offer competitive salaries to their employees. United Mortgage Lending leads the way, offering the highest average salary at $226,750. Other top-paying companies include UHY LLP and Ameriprise Financial, which provide average salaries of $109,634 and $100,873, respectively. Job seekers looking for higher wages can explore these companies for opportunities. For those seeking rewarding careers in Troy, MI, the financial sector shows strong potential. FlagStar Bank, Magna International, and Cummins also rank among the best-paying companies. Their average salaries range from $94,269 to $90,812, making them attractive options. Job seekers should consider these companies when aiming for better compensation.
Graph displaying company salaries in Troy, MI, highlighting United Mortgage Lending with the highest at $226,750 and RE-BATH with the lowest at $73,434.
  1. United Mortgage Lending
    Average Salary: $226,750
    United Mortgage Lending helps people find the right mortgage. They offer various loan options and competitive rates. Employees enjoy a positive work environment.


  2. UHY LLP
    Average Salary: $109,634
    UHY LLP provides accounting, tax, and advisory services. They focus on helping small to mid-sized businesses. Their team values teamwork and innovation.


  3. Ameriprise Financial
    Average Salary: $100,873
    Ameriprise Financial offers financial services to individuals and businesses. They help clients plan for their future. Their employees get good benefits and training.


  4. FlagStar Bank
    Average Salary: $94,269
    FlagStar Bank offers banking services to customers. They focus on providing personalized banking experiences. Employees work in a supportive atmosphere.


  5. Magna International
    Average Salary: $94,057
    Magna International makes car parts for major automakers. They focus on innovation and quality. Their employees enjoy a stable and rewarding career.


  6. Cummins
    Average Salary: $90,812
    Cummins designs and builds engines and related technologies. They serve many industries. Employees get to work on exciting projects.


  7. TEORESI INC.
    Average Salary: $90,006
    TEORESI INC. provides engineering and construction services. They focus on delivering quality projects. Their team values teamwork and problem-solving.


  8. Unified Business Technologies
    Average Salary: $80,483
    Unified Business Technologies offers IT solutions to businesses. They focus on improving efficiency. Employees benefit from a supportive work culture.


  9. Robert Half
    Average Salary: $73,826
    Robert Half places professionals in various industries. They offer flexible job opportunities. Employees enjoy good support and resources.


  10. RE-BATH
    Average Salary: $73,434
    RE-BATH specializes in remodeling bathrooms. They focus on quality and customer satisfaction. Their team works in a collaborative environment.

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

Troy, MI, presents a cost of living that slightly differs from the nationwide average, with a comprehensive index of 93. This index reflects a 3% lower cost of living in Troy compared to the nationwide benchmark of 100. Housing in Troy stands at 82, indicating it is 18% cheaper, while groceries are just slightly lower at 95, down 5%. Utilities match the national average at 100, and both healthcare and transportation are almost on par with minimal variances at 95 and 93, respectively. Miscellaneous costs are slightly below the average at 90, showing a 10% reduction.
Cost of living comparison graph for Troy, MI vs. Nationwide: housing 18% lower, groceries 5% lower, utilities 0% lower, transportation 7% lower, healthcare 5% lower, miscellaneous 10% lower.

The cost of living index in Troy, MI, provides valuable insight for job seekers considering this area. Housing costs in Troy stand at 82, which is 18% below the nationwide average of 100. This lower housing cost can be particularly appealing for those looking to maximize their budget. However, it is important to balance this with the overall cost of living to ensure affordability in other areas.


Groceries, utilities, and healthcare in Troy are all close to the national average. Groceries and healthcare both sit at 95, which is 5% below average. Utilities are exactly at the national average of 100, meaning no additional costs are incurred here. Transportation in Troy is slightly lower at 93, which is 7% below the average, providing a minor saving in daily commute costs. Miscellaneous expenses stand at 90, which is 10% below the national average. This comprehensive snapshot helps potential residents weigh their budget carefully before making a move.

There are 1,619 job openings in Troy, MI, today!

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

Discover what it's like to work in Troy, MI. Learn if you need a car, explore popular employers, the job market, and the best neighborhoods to live in.
City
Overview
Troy, MI
1,619 Job Openings