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

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

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

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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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?

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.