Troy, Michigan
From Free net encyclopedia
Troy is a city located in Oakland County, Michigan. As of the 2000 census, the city had a total population of 80,959. The community's founders, who arrived in the 1840s, named it for their native city of Troy, New York. Troy became an incorporated city in 1955. In 2003, it was named Michigan's Sportstown by Sports Illustrated magazine for having the top community sports programs in the state.
In the summer of 2005, to commemorate the city's 50th anniversary, ceramic beaver statues, each standing four feet (1.2 m) high, were displayed at various locations in the city. The beaver is the symbol of Troy, and the city's main commercial thoroughfare (Big Beaver Road) is named for it. Troy was named the sixth safest city of 75,000 or more in the United States in 2005.
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Geography
Image:MIMap-doton-Troy.PNG According to the United States Census Bureau, the city has a total area of 87.1 km² (33.6 mi²). 86.9 km² (33.5 mi²) of it is land and 0.3 km² (0.1 mi²) of it is water. The total area is 0.30% water. Troy, by area, is the 12th largest city in Michigan.
Economy
Troy is a thriving center of business, particularly in the automotive and financial sectors, and is home to a number of major companies. Based on property value, Troy is the second largest city in Michigan, second only to Detroit. Troy is also home to the Somerset Collection and Oakland Mall, two of the more profitable malls in the Metro Detroit area.
Major companies headquartered in Troy
- Altair Engineering
- ArvinMeritor
- Behr America
- Budd Company
- Decoma International
- Delphi Corporation
- DuPont Automotive
- Flagstar Bank
- K-Mart (Merged with Sears, moved to Chicago)
- SAE International
- Standard Federal Bank (Merged with ABN-AMRO, moved to Chicago)
Demographics
As of the census2 of 2000, there were 80,959 people, 30,018 households, and 21,883 families residing in the city. The population density was 932.0/km² (2,413.9/mi²). There were 30,872 housing units at an average density of 355.4/km² (920.5/mi²). The racial makeup of the city was 82.30% White, 2.09% African American, 0.15% Native American, 13.25% Asian, 0.02% Pacific Islander, 0.36% from other races, and 1.82% from two or more races. 1.46% of the population is Hispanic or Latino of any race.
There were 30,018 households out of which 36.9% had children under the age of 18 living with them, 64.5% were married couples living together, 6.0% had a female householder with no husband present, and 27.1% were non-families. 22.8% of all households were made up of individuals and 7.8% had someone living alone who was 65 years of age or older. The average household size was 2.69 and the average family size was 3.23.
In the city the population was spread out with 26.2% under the age of 18, 6.7% from 18 to 24, 29.8% from 25 to 44, 27.1% from 45 to 64, and 10.2% who were 65 years of age or older. The median age was 38 years. For every 100 females there were 98.1 males. For every 100 females age 18 and over, there were 94.8 males.
The median income for a household in the city was $77,538, and the median income for a family was $92,058. Males had a median income of $66,475 versus $41,026 for females. The per capita income for the city was $35,936. 2.7% of the population and 1.7% of families were below the poverty line. 2.2% of those under the age of 18 and 5.5% of those 65 and older were living below the poverty line.
