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What is the average salary in Troy, MI?

The average salary in Troy, MI is $60,073 per year.

Troy, MI, offers a variety of job opportunities with competitive salaries. The average yearly salary in Troy is $60,073. This figure reflects the diverse economic landscape, providing a good standard of living for many residents.

Salaries in Troy range widely across different sectors. The highest-paying jobs include roles in management, finance, and engineering. These positions often require specialized skills and experience, leading to higher compensation. Other well-paying sectors include healthcare, information technology, and education. Job seekers in these fields can expect to earn above the average salary. Lower-paying jobs are found in retail, hospitality, and some service industries. However, these roles still offer opportunities for growth and advancement.

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What are the best paying jobs in Troy, MI?

Job seekers in Troy, MI, have access to several high-paying career opportunities. Among the top-paying jobs are Loan Specialist, Canvasser, and Nurse Practitioner. These roles offer competitive salaries, making them attractive to professionals seeking financial stability. Loan Specialists lead the pack with an average salary of $179,889. Canvassers and Nurse Practitioners follow closely, with average salaries of $131,412 and $124,922, respectively. These positions provide not only good pay but also the chance to make a meaningful impact in the community.
Graph displaying best paying job salaries in Troy, MI, highlighting Loan Specialist with the highest at $179,889 and Systems Engineer with the lowest at $102,848.
  1. Loan Specialist
    Average Salary: $179,889
    Loan specialists work with clients to assess their financial needs and provide loan options. They often work for banks and financial institutions. They need to understand financial products and regulations.
    Find Loan Specialist jobs in Troy, MI


  2. Canvasser
    Average Salary: $131,412
    Canvassers visit homes and businesses to gather information or promote products. They often work for survey companies or political campaigns. They need to communicate effectively and be comfortable with door-to-door interactions.
    Find Canvasser jobs in Troy, MI


  3. Nurse Practitioner
    Average Salary: $124,922
    Nurse practitioners provide primary and specialty care. They often work in hospitals, clinics, and private practices. They need to have strong clinical skills and the ability to diagnose and treat patients.
    Find Nurse Practitioner jobs in Troy, MI


  4. Controller
    Average Salary: $114,274
    Controllers manage a company's accounting functions. They often work for large corporations or government agencies. They need to be detail-oriented and skilled in financial reporting and budgeting.
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  5. Sales Professional
    Average Salary: $110,443
    Sales professionals sell products or services to customers. They often work in retail, technology, or finance. They need to be persuasive and have good communication skills.
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  6. Marketing Manager
    Average Salary: $109,638
    Marketing managers develop and implement marketing strategies. They often work for companies in various industries. They need to be creative and understand market trends.
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  7. Software Engineer
    Average Salary: $106,438
    Software engineers design and develop software applications. They often work for tech companies. They need to be proficient in programming languages and problem-solving.
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  8. Financial Advisor
    Average Salary: $105,268
    Financial advisors help clients manage their investments and plan for the future. They often work for financial services firms. They need to be knowledgeable about financial products and regulations.
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  9. Attorney
    Average Salary: $103,368
    Attorneys provide legal advice and represent clients in court. They often work for law firms or corporations. They need to be knowledgeable about the law and skilled in legal writing.
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  10. Systems Engineer
    Average Salary: $102,848
    Systems engineers design and maintain computer systems. They often work for tech companies or government agencies. They need to be skilled in both hardware and software.
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What are the best paying jobs in Troy, MI without a degree?

Job seekers in Troy, MI, have several high-paying opportunities that do not require a degree. Canvassers lead the list with an average salary of $131,412. This position involves gathering information and promoting products or services. Other well-paying jobs include restaurant manager, meat cutter, and floor tech. These roles offer competitive salaries and valuable experience. Restaurant managers earn around $44,916, and meat cutters make about $37,557. Floor techs, who maintain and repair floors, can earn approximately $37,481. These jobs provide a good income and the chance to gain important skills.
Graph displaying best paying job salaries in Troy, MI without a degree, highlighting Canvasser with the highest at $131,412 and Concrete Finisher with the lowest at $32,571.
  1. Canvasser
    Average Salary: $131,412
    This role involves visiting homes and businesses to gather information. It is a great way to meet people and learn about the community. Companies like local political campaigns and market research firms often hire canvassers.
    Find Canvasser jobs in Troy, MI


  2. Restaurant Manager
    Average Salary: $44,916
    Manage daily operations at a restaurant. Oversee staff, handle customer service, and ensure smooth service. Many restaurants and cafes in the area offer opportunities for those interested in this role.
    Find Restaurant Manager jobs in Troy, MI


  3. Meat Cutter
    Average Salary: $37,557
    Cut and prepare meat for sale. Work in grocery stores or butcher shops. This job requires attention to detail and the ability to handle meat safely. Local grocery chains and butcher shops often have openings.
    Find Meat Cutter jobs in Troy, MI


  4. Floor Tech
    Average Salary: $37,481
    Maintain cleanliness and safety of floors. Use machines to clean and polish surfaces. This role is essential in offices, schools, and retail stores. Many businesses in the area need skilled floor techs.
    Find Floor Tech jobs in Troy, MI


  5. Groundskeeper
    Average Salary: $35,455
    Maintain the grounds of properties. This includes mowing lawns, trimming shrubs, and cleaning up debris. Work in parks, schools, and private properties. Many local organizations need reliable groundskeepers.
    Find Groundskeeper jobs in Troy, MI


  6. Server
    Average Salary: $35,265
    Serve food and drinks to customers. Take orders and ensure a pleasant dining experience. This role is common in restaurants and cafes. Many dining establishments in the area offer server positions.
    Find Server jobs in Troy, MI


  7. Line Cook
    Average Salary: $34,807
    Prepare ingredients and cook meals in a fast-paced kitchen. Work under pressure to meet orders. This job is essential in restaurants and food service establishments. Many local restaurants need skilled line cooks.
    Find Line Cook jobs in Troy, MI


  8. Kitchen Team Member
    Average Salary: $34,219
    Assist in various kitchen tasks. This includes preparing ingredients, washing dishes, and maintaining cleanliness. This role is vital in any food service setting. Many restaurants and cafes offer kitchen team member positions.
    Find Kitchen Team Member jobs in Troy, MI


  9. Housekeeping
    Average Salary: $32,829
    Clean and maintain rooms in hotels, motels, or other lodging facilities. Ensure a comfortable environment for guests. This job is essential in the hospitality industry. Many hotels and motels in the area offer housekeeping roles.
    Find Housekeeping jobs in Troy, MI


  10. Concrete Finisher
    Average Salary: $32,571
    Spread concrete using shovels, rakes, and trowels. Smooth and level the surface. This role is important in construction projects. Many construction companies in the area need skilled concrete finishers.
    Find Concrete Finisher jobs in Troy, MI

Which companies offer the top salaries in Troy, MI?

Job seekers in Troy, MI, have several top-paying companies to consider. UHY LLP leads with an average salary of $103,837. Following closely, Ameriprise Financial offers an average salary of $99,329. These figures highlight strong earning potentials in the region. Other notable companies include Magna International, Cummins, and TEORESI INC., all offering competitive salaries above $90,000. FlagStar Bank, Meritor, and Unified Business Technologies also provide attractive compensation packages. Rehmann and Robert Half round out the list with average salaries that still exceed $70,000. These companies present excellent opportunities for professionals seeking rewarding careers in Troy.
Graph displaying company salaries in Troy, MI, highlighting UHY LLP with the highest at $103,837 and Robert Half with the lowest at $72,286.
  1. UHY LLP
    Average Salary: $103,837
    UHY LLP is a global accounting and consulting firm. They offer a range of services including tax, audit, and advisory. They are known for their strong client relationships and commitment to quality.


  2. Ameriprise Financial
    Average Salary: $99,329
    Ameriprise Financial provides financial services and investment products. They focus on helping clients achieve their financial goals. Their team is experienced and dedicated to providing excellent service.


  3. Magna International
    Average Salary: $94,122
    Magna International is a leading automotive supplier. They design and manufacture vehicle components. They are known for their innovative solutions and commitment to quality.


  4. Cummins
    Average Salary: $92,191
    Cummins is a global power leader. They design, manufacture, and distribute power solutions. Their products are used in various industries, including agriculture and construction.


  5. TEORESI INC.
    Average Salary: $90,006
    TEORESI INC. provides engineering and consulting services. They focus on infrastructure and environmental projects. Their team is experienced and dedicated to delivering high-quality solutions.


  6. FlagStar Bank
    Average Salary: $86,104
    FlagStar Bank offers banking and financial services. They provide a range of products including mortgages and loans. They are known for their customer-focused approach and commitment to quality.


  7. Meritor
    Average Salary: $84,028
    Meritor is a leading manufacturer of vehicle components. They focus on safety and performance. Their products are used in various industries, including transportation and construction.


  8. Unified Business Technologies
    Average Salary: $81,556
    Unified Business Technologies provides IT solutions and services. They focus on helping businesses improve their technology infrastructure. Their team is experienced and dedicated to delivering high-quality solutions.


  9. Rehmann
    Average Salary: $73,909
    Rehmann is a leading provider of human resources and payroll services. They offer a range of solutions to help businesses manage their workforce. Their team is experienced and dedicated to delivering high-quality service.


  10. Robert Half
    Average Salary: $72,286
    Robert Half is a leading provider of staffing services. They help companies find and hire the right talent. Their team is experienced and dedicated to delivering high-quality service.

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 below the nationwide average. Housing, utilities, and miscellaneous costs are notably lower, with housing at 85% and miscellaneous at 88% of the national average. However, groceries and transportation costs are close to the average, with groceries at 92% and transportation at 95%. Healthcare costs are slightly lower, at 90% of the national average. Overall, Troy offers a more affordable living experience in some key areas.
Cost of living comparison graph for Troy, MI vs. Nationwide: housing 15% lower, groceries 8% lower, utilities 0% lower, transportation 5% lower, healthcare 10% lower, miscellaneous 12% lower.

Troy, MI, presents a cost of living that is slightly below the nationwide average. The housing index in Troy stands at 85, which is 15% lower than the national average of 100. This suggests that housing costs in Troy are more affordable compared to the rest of the country. Additionally, the groceries index is at 92, indicating a 2% increase over the national average. This means that groceries in Troy are slightly cheaper than the average U.S. prices.


Utilities in Troy match the national average, with an index of 100. This means that the cost of utilities, such as electricity and gas, is consistent with what people pay across the country. Transportation costs in Troy are at 95, which is 5% below the average. This suggests that commuting and other transportation expenses are more economical in Troy. Healthcare costs in Troy are at 90, which is 10% lower than the national average. This indicates that healthcare expenses are more affordable in Troy compared to the rest of the nation. Lastly, the miscellaneous index in Troy is 88, which is 12% lower than the national average. This suggests that other miscellaneous expenses are also more affordable in Troy.

There are 1,695 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
1,695 Job Openings