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What is the average salary in Troy, MI?

The average salary in Troy, MI is $62,273 per year.

Troy, Michigan, offers a range of salary opportunities across various industries. With an average yearly salary of about $62,273, job seekers can find competitive pay in the area. Many positions offer salaries above the national average, providing a good standard of living for workers and their families.


Here are some of the top industries and their average salaries in Troy, MI:

  • Health Care: $106,035
  • Professional and Business Services: $90,374
  • Information Technology: $74,713
  • Education: $59,052
  • Retail Trade: $43,391

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What are the best paying jobs in Troy, MI?

The top paying jobs in Troy, MI, offer competitive salaries and valuable career opportunities. Leading roles include positions such as Loan Specialist, Sales Professional, and Nurse Practitioner, each providing substantial earnings. These jobs attract professionals with specialized skills, ensuring a high demand for qualified candidates. Job seekers can expect attractive compensation packages along with professional growth prospects in these high-paying roles.
Graph displaying best paying job salaries in Troy, MI, highlighting Loan Specialist with the highest at $191,938 and Speech Language Pathologist with the lowest at $99,152.
  1. Loan Specialist
    Average Salary: $191,938
    This role involves assisting clients in securing loans. It requires strong attention to detail and good customer service skills. Companies like JPMorgan Chase and Fifth Third Bank offer this role.
    Find Loan Specialist jobs in Troy, MI


  2. Sales Professional
    Average Salary: $143,765
    In this role, you will sell products and services to customers. This requires strong communication skills and a good understanding of the products. Major employers like T-Mobile and Verizon offer this role.
    Find Sales Professional jobs in Troy, MI


  3. Nurse Practitioner
    Average Salary: $117,761
    Nurse Practitioners provide primary and specialty care. They need strong clinical skills and the ability to make independent decisions. Beaumont Health and St. John Providence Health are local employers.
    Find Nurse Practitioner jobs in Troy, MI


  4. Financial Advisor
    Average Salary: $115,619
    This role involves providing financial planning and investment advice. It requires a strong understanding of finance and the ability to communicate complex information clearly. Edward Jones and Morgan Stanley have positions available.
    Find Financial Advisor jobs in Troy, MI


  5. Controller
    Average Salary: $111,379
    Controllers manage the accounting functions of an organization. They need strong analytical skills and a thorough understanding of accounting principles. Companies like General Motors and Quicken Loans offer this role.
    Find Controller jobs in Troy, MI


  6. Outside Sales Representative
    Average Salary: $110,677
    This role involves selling products to customers in their place of business. It requires excellent negotiation skills and the ability to travel frequently. Local companies like Steelcase and Lear Corporation have this role.
    Find Outside Sales Representative jobs in Troy, MI


  7. Attorney
    Average Salary: $108,629
    Attorneys provide legal advice and represent clients in court. They need strong analytical skills and the ability to communicate effectively. Firms like Miller, Canfield, Paddock and Stone, P.L.C. and Dickinson Wright PLLC offer this role.
    Find Attorney jobs in Troy, MI


  8. Software Engineer
    Average Salary: $104,799
    Software Engineers design and develop software applications. They need strong problem-solving skills and a solid understanding of programming languages. Companies like General Motors and Quicken Loans offer this role.
    Find Software Engineer jobs in Troy, MI


  9. Electrical Engineer
    Average Salary: $102,370
    Electrical Engineers design and develop electrical equipment. They need strong analytical skills and a solid understanding of electrical theory. Companies like Delphi Technologies and General Motors offer this role.
    Find Electrical Engineer jobs in Troy, MI


  10. Speech Language Pathologist
    Average Salary: $99,152
    This role involves helping individuals with speech and language disorders. It requires strong communication skills and the ability to work with a diverse range of clients. Beaumont Health and Corewell Health offer this role.
    Find Speech Language Pathologist jobs in Troy, MI

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

Looking for well-paying jobs in Troy, MI that don’t need a degree? Several options offer good income with the right skills and experience. Canvassers, for instance, bring in an average of $131,305 per year. They spread important information and often work independently, which can lead to higher earnings. Other high-paying roles include Floor Techs, who earn about $40,750 annually, and Groundskeepers, averaging $39,063 each year. These positions require physical work but offer steady pay and opportunities for growth. Roles like Server and Line Cook also provide competitive wages, starting around $36,808 and $36,730, respectively. These jobs demand strong work ethics and teamwork but can be very rewarding.
Graph displaying best paying job salaries in Troy, MI without a degree, highlighting Canvasser with the highest at $131,305 and Server Assistant with the lowest at $28,271.
  1. Canvasser
    Average Salary: $131,305
    This role involves promoting products and services to customers. Companies seek reliable canvassers with good communication skills. Tasks include visiting businesses and gathering feedback. A strong work ethic is key to success.
    Find Canvasser jobs in Troy, MI


  2. Floor Tech
    Average Salary: $40,750
    Floor technicians maintain and repair flooring. This role requires attention to detail and some experience with cleaning tools. Maintenance of commercial spaces is common. Regular hours and stable work are typical in this field.
    Find Floor Tech jobs in Troy, MI


  3. Groundskeeper
    Average Salary: $39,063
    Groundskeepers take care of outdoor spaces, ensuring they look neat and healthy. This role requires physical fitness and knowledge of gardening. Companies in Troy often need help with parks and business premises. Consistent outdoor work is expected.
    Find Groundskeeper jobs in Troy, MI


  4. Server
    Average Salary: $36,808
    Servers work in restaurants, taking orders and serving food to guests. Good customer service skills are vital. The fast-paced environment demands efficiency. Servers interact with customers daily and must handle busy periods well.
    Find Server jobs in Troy, MI


  5. Line Cook
    Average Salary: $36,730
    Line cooks prepare ingredients and cook meals quickly in a kitchen. This role requires fast work and attention to detail. Kitchens in Troy need cooks who can work under pressure. Teamwork is essential in this job.
    Find Line Cook jobs in Troy, MI


  6. Housekeeping
    Average Salary: $35,345
    Housekeeping staff clean rooms and common areas. Attention to detail is crucial, as is the ability to follow cleaning procedures. This job is in demand in hotels and offices. Consistent work and reliability are valued.
    Find Housekeeping jobs in Troy, MI


  7. Kitchen Team Member
    Average Salary: $35,273
    Kitchen team members assist in food preparation and cooking. They work under chefs to help create meals. This role needs teamwork and basic cooking skills. Fast-paced environments require quick thinking and good teamwork.
    Find Kitchen Team Member jobs in Troy, MI


  8. Dishwasher
    Average Salary: $33,390
    Dishwashers clean dishes and utensils. They work in a busy kitchen environment. Attention to detail and strong work ethic are needed. This role is essential for keeping kitchens running smoothly.
    Find Dishwasher jobs in Troy, MI


  9. Barista
    Average Salary: $32,945
    Baristas prepare coffee and other beverages. They need to be friendly and fast. This role often involves customer interaction. They work in cafes and restaurants, providing quick and quality service.
    Find Barista jobs in Troy, MI


  10. Server Assistant
    Average Salary: $28,271
    Server assistants help servers in a restaurant. They set tables and clear them after guests. This role needs good teamwork skills and a friendly attitude. They support servers to ensure smooth operations.
    Find Server Assistant jobs in Troy, MI

Which companies offer the top salaries in Troy, MI?

Job seekers in Troy, MI, can find attractive salaries at several top companies. Schoenherr Roofing leads with an average salary of $252,320, offering one of the best pay packages in the area. United Mortgage Lending LLC also offers a high average salary of $198,507, making it another excellent option for professionals seeking a lucrative opportunity. Another noteworthy employer is Lending Force, LLC, with an average salary of $144,858. These top companies highlight the competitive salaries available in Troy, providing promising career options for those looking to advance their careers in a financially rewarding environment.
Graph displaying company salaries in Troy, MI, highlighting Schoenherr Roofing with the highest at $252,320 and 1-800 Hansons, LLC with the lowest at $90,107.
  1. Schoenherr Roofing
    Average Salary: $252,320
    Schoenherr Roofing is a well-known company that offers roofing services. It provides a high average salary for its employees.


  2. United Mortgage Lending LLC
    Average Salary: $198,507
    United Mortgage Lending LLC offers mortgage lending services. It is known for its competitive salaries.


  3. Lending Force, LLC
    Average Salary: $144,858
    Lending Force, LLC, specializes in mortgage lending. The company provides a good average salary to its employees.


  4. Ameriprise Financial Services, LLC
    Average Salary: $116,626
    Ameriprise Financial Services, LLC offers a range of financial services. The company has a reputation for offering solid salaries.


  5. NIVA Health
    Average Salary: $102,226
    NIVA Health is a health services company. It offers a good average salary to its workers.


  6. Flagstar Bank Home Loans
    Average Salary: $99,930
    Flagstar Bank Home Loans provides mortgage services. It is known for its decent salary offerings.


  7. MortgagePros
    Average Salary: $94,629
    MortgagePros specializes in home loans. The company offers a fair average salary to its staff.


  8. Magna International
    Average Salary: $93,675
    Magna International is a global auto parts manufacturer. It provides a good average salary for its employees.


  9. Teoresi Inc
    Average Salary: $91,955
    Teoresi Inc is a company that offers engineering and manufacturing solutions. It offers a good average salary.


  10. 1-800 Hansons, LLC
    Average Salary: $90,107
    1-800 Hansons, LLC provides remote transcription services. The company offers a decent average salary to its employees.

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

The cost of living index in Troy, MI, is notably lower than the nationwide average of 100. Specifically, the overall cost of living in Troy stands at 94, with housing costs at 90 and miscellaneous expenses at 92, making it an attractive option for job seekers. Utilities remain at par with the average, while groceries, transportation, and healthcare hover just slightly below the national benchmarks, offering a balanced lifestyle at a reduced cost.
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 8% lower.

The cost of living in Troy, MI, offers a unique perspective for those looking to relocate or compare living expenses. Housing costs in Troy stand at 90% of the nationwide average. This means that housing expenses are 10% lower than the national average. While still affordable, job seekers should take note that while housing is cheaper, other factors might balance this out.


Other expenses in Troy also compare favorably to the national average. For example, groceries cost 95%, meaning they are just 5% higher. Utilities, which include electricity, gas, and water, match the national average at 100%. Transportation costs are slightly lower at 95%, saving residents 5%. Healthcare costs are also slightly lower, at 98%, meaning they are 2% less than average. Miscellaneous costs, such as entertainment and personal care, are at 92%, offering an 8% savings. Overall, Troy presents a cost of living that is attractive for those seeking a balanced living experience.

There are 1,361 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
1,361 Job Openings