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What is the average salary in Troy, MI?

The average salary in Troy, MI is $58,299 per year.

Troy, MI, offers a variety of salary opportunities across different industries. The average yearly salary in Troy is $58,299. This figure reflects the diverse job market and the range of salaries available. Many industries contribute to this average, making it a good place for job seekers to explore.


The salary distribution in Troy shows a range of earnings. The top-paying jobs include roles in management, finance, and technology, with salaries reaching up to $195,000 per year. Other notable sectors include healthcare, education, and engineering, which also offer competitive salaries. This variety ensures that job seekers can find positions that match their skills and experience.

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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. The top-paying jobs include roles like Loan Specialist, Nurse Practitioner, and Controller. These positions offer competitive salaries, making them attractive to professionals seeking financial stability. Loan Specialists in Troy earn an average salary of $178,245. Nurse Practitioners and Controllers also enjoy strong earnings, with average salaries of $125,856 and $116,078, respectively. These jobs provide excellent compensation and a chance to work in a thriving community.
Graph displaying best paying job salaries in Troy, MI, highlighting Loan Specialist with the highest at $178,245 and Sales Professional with the lowest at $97,878.
  1. Loan Specialist
    Average Salary: $178,245
    This role involves assessing loan applications and managing credit. It requires strong analytical skills. Companies like banks and credit unions offer these positions. They value candidates with experience in finance and customer service.
    Find Loan Specialist jobs in Troy, MI


  2. Nurse Practitioner
    Average Salary: $125,856
    Nurse Practitioners provide primary and specialty care. They work in hospitals and clinics. This job demands excellent communication and problem-solving skills. It also requires a nursing degree and certification.
    Find Nurse Practitioner jobs in Troy, MI


  3. Controller
    Average Salary: $116,078
    Controllers oversee financial reporting and budgeting. They manage accounting teams. This role needs strong analytical skills and experience in finance. Companies in various industries offer these positions.
    Find Controller jobs in Troy, MI


  4. Marketing Manager
    Average Salary: $108,972
    Marketing Managers develop and implement marketing strategies. They work in advertising and consulting firms. This job requires creativity and strong communication skills. It also needs experience in marketing and team management.
    Find Marketing Manager jobs in Troy, MI


  5. Software Engineer
    Average Salary: $106,268
    Software Engineers design and develop software applications. They work in tech companies. This role requires strong problem-solving skills and knowledge of programming languages. It also needs experience in software development.
    Find Software Engineer jobs in Troy, MI


  6. Financial Advisor
    Average Salary: $103,083
    Financial Advisors provide investment advice. They work in banks and financial firms. This job requires strong analytical skills and knowledge of finance. It also needs experience in financial planning and client management.
    Find Financial Advisor jobs in Troy, MI


  7. Systems Engineer
    Average Salary: $102,098
    Systems Engineers design and maintain computer systems. They work in tech companies. This role requires strong technical skills and knowledge of computer systems. It also needs experience in systems design and maintenance.
    Find Systems Engineer jobs in Troy, MI


  8. Attorney
    Average Salary: $102,077
    Attorneys provide legal advice and represent clients. They work in law firms and corporations. This job requires strong analytical skills and knowledge of the law. It also needs experience in legal research and client management.
    Find Attorney jobs in Troy, MI


  9. Electrical Engineer
    Average Salary: $99,874
    Electrical Engineers design and develop electrical systems. They work in tech companies and manufacturing firms. This role requires strong technical skills and knowledge of electrical systems. It also needs experience in systems design and maintenance.
    Find Electrical Engineer jobs in Troy, MI


  10. Sales Professional
    Average Salary: $97,878
    Sales Professionals sell products and services. They work in various industries. This job requires strong communication skills and knowledge of sales techniques. It also needs experience in customer service and sales management.
    Find Sales Professional jobs in Troy, MI

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

Job seekers in Troy, MI, have several high-paying options available without needing a degree. Canvassers lead the list with an average salary of $125,309. This role involves gathering information and promoting products or services. Other top-paying jobs include restaurant managers, earning around $45,022, and floor technicians, with an average salary of $37,043. These positions offer good pay and opportunities for growth. Each role provides a chance to earn well while gaining valuable experience.
Graph displaying best paying job salaries in Troy, MI without a degree, highlighting Canvasser with the highest at $125,309 and Housekeeping with the lowest at $32,951.
  1. Canvasser
    Average Salary: $125,309
    This role involves visiting homes and businesses to promote products or services. It requires good communication and persuasion skills. Companies in this field often value experience over formal education.
    Find Canvasser jobs in Troy, MI


  2. Restaurant Manager
    Average Salary: $45,022
    Manage daily operations of a restaurant, ensuring customer satisfaction and staff efficiency. This role is ideal for those with experience in the food service industry. Companies like local eateries and chains offer these positions.
    Find Restaurant Manager jobs in Troy, MI


  3. Floor Tech
    Average Salary: $37,043
    Responsible for maintaining the cleanliness and appearance of a facility. This includes sweeping, mopping, and using cleaning equipment. Many commercial and industrial settings need floor techs. Companies in this sector often provide on-the-job training.
    Find Floor Tech jobs in Troy, MI


  4. Meat Cutter
    Average Salary: $37,021
    Cut and package meat for retail sale. This job requires attention to detail and knowledge of meat cuts. Grocery stores and butcher shops often hire for these positions. Training is usually provided on the job.
    Find Meat Cutter jobs in Troy, MI


  5. Server
    Average Salary: $35,341
    Provide table service in a restaurant, taking orders and serving food and drinks. This role is great for those who enjoy interacting with customers. Many restaurants and cafes offer server positions. Experience is often more important than formal education.
    Find Server jobs in Troy, MI


  6. Groundskeeper
    Average Salary: $35,167
    Maintain the grounds of a property, including landscaping and general upkeep. This job requires physical stamina and a love for outdoor work. Schools, parks, and private properties often need groundskeepers. Training is provided on the job.
    Find Groundskeeper jobs in Troy, MI


  7. Concrete Finisher
    Average Salary: $34,692
    Smooth and finish concrete surfaces for buildings and other structures. This role involves using tools to shape and level concrete. Construction companies often hire for these positions. On-the-job training is common.
    Find Concrete Finisher jobs in Troy, MI


  8. Line Cook
    Average Salary: $34,464
    Prepare ingredients and cook food in a fast-paced kitchen environment. This job requires strong multitasking skills and knowledge of cooking techniques. Restaurants and cafes often need line cooks. Experience is valued over formal education.
    Find Line Cook jobs in Troy, MI


  9. Kitchen Team Member
    Average Salary: $33,894
    Assist in various kitchen tasks, including food preparation and dishwashing. This role is ideal for those who enjoy working in a team environment. Many restaurants and cafes offer these positions. Training is provided on the job.
    Find Kitchen Team Member jobs in Troy, MI


  10. Housekeeping
    Average Salary: $32,951
    Clean and maintain rooms in hotels, motels, or other establishments. This job requires attention to detail and a strong work ethic. Hotels and motels often hire for these positions. Training is provided on the job.
    Find Housekeeping jobs in Troy, MI

Which companies offer the top salaries in Troy, MI?

Job seekers in Troy, MI, have the opportunity to explore some of the best-paying companies in the area. UHY LLP leads with an average salary of $102,861, followed by Ameriprise Financial at $99,292. Cummins and Magna International also offer competitive salaries, with averages of $96,548 and $94,042, respectively. Meritor, FlagStar Bank, and Unified Business Technologies provide attractive compensation packages, with average salaries ranging from $85,537 to $81,448. Rehmann and Robert Half round out the list with average salaries of $75,799 and $72,418. These companies offer a range of opportunities for professionals seeking rewarding careers.
Graph displaying company salaries in Troy, MI, highlighting UHY LLP with the highest at $102,861 and Robert Half with the lowest at $72,418.
  1. UHY LLP
    Average Salary: $102,861
    UHY LLP is a top-tier accounting and advisory firm. They offer a range of services including tax, audit, and consulting. Employees enjoy a competitive salary and a supportive work environment.


  2. Ameriprise Financial
    Average Salary: $99,292
    Ameriprise Financial provides financial services and investment management. They are known for their strong company culture and opportunities for career growth. Employees benefit from a comprehensive benefits package.


  3. Cummins
    Average Salary: $96,548
    Cummins is a global power leader. They design, manufacture, and distribute engines, power systems, and related parts. Cummins offers a competitive salary and a variety of career development programs.


  4. Magna International
    Average Salary: $94,042
    Magna International is a leading auto parts supplier. They focus on innovation and sustainability. Employees enjoy a good salary and a dynamic work environment.


  5. TEORESI INC.
    Average Salary: $90,006
    TEORESI INC. specializes in engineering and consulting services. They work on a variety of projects, from infrastructure to energy. Employees benefit from a competitive salary and a collaborative work culture.


  6. Meritor
    Average Salary: $85,537
    Meritor is a leading manufacturer of vehicle components. They focus on innovation and quality. Employees enjoy a good salary and opportunities for career advancement.


  7. FlagStar Bank
    Average Salary: $84,180
    FlagStar Bank offers a range of banking services. They are known for their customer-focused approach. Employees benefit from a competitive salary and a supportive work environment.


  8. Unified Business Technologies
    Average Salary: $81,448
    Unified Business Technologies provides IT solutions and services. They focus on helping businesses achieve their goals. Employees enjoy a good salary and a dynamic work environment.


  9. Rehmann
    Average Salary: $75,799
    Rehmann is a leading provider of accounting and consulting services. They offer a range of services to businesses. Employees benefit from a competitive salary and a supportive work culture.


  10. Robert Half
    Average Salary: $72,418
    Robert Half is a staffing and workforce solutions company. They connect job seekers with opportunities in various industries. Employees benefit from a competitive salary and a variety of career development programs.

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. Housing costs 18% below the average, while groceries are just 6% above. Utilities and transportation also remain slightly below the national average, at 5% and 10% respectively. Healthcare costs align perfectly with the average, while miscellaneous expenses are 2% below. Overall, Troy offers a more affordable living experience compared to the national average.
Cost of living comparison graph for Troy, MI vs. Nationwide: housing 18% lower, groceries 6% lower, utilities 5% lower, transportation 10% lower, healthcare 0% lower, miscellaneous 8% lower.

Troy, MI, presents a cost of living that is notably lower than the nationwide average. The housing index in Troy stands at 82, which is 18% below the national average of 100. This suggests that housing costs in Troy are more affordable, making it an attractive option for those looking to save on their living expenses. Additionally, the groceries index at 94 is 6% below the average, indicating that food costs are slightly lower than the national norm.


Utilities in Troy, with an index of 95, are also marginally below the average, at 5%. This small difference means that residents can expect to spend a bit less on utilities compared to the national average. Transportation costs in Troy, indexed at 90, are 10% lower than the national average, offering another area where residents can save money. Overall, Troy provides a cost-effective living environment with several indices below the national average, making it a practical choice for budget-conscious individuals.

There are 1,622 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
1,622 Job Openings