What is the average salary in Troy, MI?
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.
What are the best paying jobs in Troy, MI?

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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.
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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.
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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.
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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.
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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.
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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.
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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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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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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.
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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?

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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Which companies offer the top salaries in Troy, MI?

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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.
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UHY LLP
Average Salary: $104,758
UHY LLP is an accounting and consulting firm. They help businesses with tax, auditing, and advisory services.
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Ameriprise Financial
Average Salary: $99,840
Ameriprise Financial provides financial services and investment products. They aim to help clients achieve their financial goals.
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Magna International
Average Salary: $94,639
Magna International is a global auto parts manufacturer. They design and produce parts for cars and light trucks.
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Cummins
Average Salary: $91,856
Cummins is a leader in power technology. They build engines, power systems, and related parts for many industries.
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TEORESI INC.
Average Salary: $90,006
TEORESI INC. specializes in IT services. They offer software development and consulting to businesses.
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FlagStar Bank
Average Salary: $84,357
FlagStar Bank provides banking services. They offer personal and commercial banking solutions to customers.
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Unified Business Technologies
Average Salary: $82,142
Unified Business Technologies offers IT solutions. They focus on helping businesses with their technology needs.
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Robert Half
Average Salary: $72,620
Robert Half is a staffing firm. They help companies find temporary and permanent employees for various roles.
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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, 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.



