College Costs in Troy, MI 2026
Compare tuition, housing, and financial aid across 4 colleges in Troy, Michigan. Use our free calculator to estimate your total cost.
Avg Public Tuition
$15,400
per year
Avg Private Tuition
$32,000
per year
Avg Rent Near Campus
$645
per month
Colleges & Universities
4
institutions
Troy Overview
Population
87,294
Student Population
4,800 (5.5%)
Cost of Living Index
87.2 (avg: 100)
Walk Score
48/100
Transit Score
18/100
Unemployment Rate
3.6%
College Cost Calculator for Troy
Cost Inputs
Total Cost (4 Years, Public In-State)
$112,192
Total After Financial Aid
$112,192
Annual Cost
$28,048
Annual After Aid
$28,048
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $112,192 |
| Monthly Payment | $1,274 |
| Total Interest | $40,678 |
| Total Loan Cost | $152,870 |
Universities in Troy
| University | Type | Annual Tuition |
|---|---|---|
| Troy State University | Public | $16,324 |
| Troy Community College | Community | $4,781 |
Troy has 4 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Troy vs. National Average
| Category | Troy | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $15,400 | $10,940 | +$4,460 |
| Monthly Rent Near Campus | $645 | $1,050 | -$405 |
| Cost of Living Index | 87.2 | 100 | -12.799999999999997 |
Troy's cost of living is below the national average. This makes it a more affordable city for students compared to many other college towns.
Student Life in Troy
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
4,800 students
Troy has a total population of 87,294, with approximately 4,800 college students (5.5% of the population). While not primarily a college town, Troy offers students access to urban amenities, diverse employment opportunities, and a wide range of cultural experiences.
Post-Graduation Outlook in Troy
$36,122
Starting Salary
3.6%
Unemployment Rate
52%
Graduation Rate
~100 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Troy earn a median starting salary of $36,122, which is $1,122 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $112,192 (including room and board), it would take approximately 100 years of the salary premium to recoup the investment. With average financial aid of $15,072 per student per year, the net cost and payback period can be significantly reduced.
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