Top Industries in Troy
Troy is home to a range of industries that are key drivers of the city's economy. Some of the top industries in Troy include:
Technology
The technology sector in Troy is thriving, with a focus on software development and IT services. Local tech companies are expanding, creating numerous job opportunities.
Range: $70-$150k
Growth rate: 15%
Healthcare
Healthcare remains a cornerstone of Troy's economy, with ongoing demand for medical professionals. The presence of several hospitals and clinics provides a stable employment base.
Range: $50-$120k
Growth rate: 10%
Education
Education is a vital sector in Troy, supported by institutions like Rensselaer Polytechnic Institute. There is a steady demand for educators and administrative staff.
Range: $40-$90k
Growth rate: 8%
Manufacturing
Manufacturing in Troy is seeing a resurgence, particularly in advanced manufacturing and materials. The industry is supported by a skilled workforce and strategic location.
Range: $45-$100k
Growth rate: 12%
Hospitality
The hospitality industry in Troy is growing, driven by tourism and local events. There is a demand for skilled workers in hotels and restaurants.
Range: $30-$70k
Growth rate: 9%
Employment Trends and Growth Rates
Troy's employment trends in 2024 indicate a steady growth in technology and healthcare sectors, with a projected job growth rate of 10% across these industries.
The city's Gini index reflects moderate income inequality, which is being addressed through local economic initiatives.
There is a noticeable increase in job turnover, particularly in the tech industry, as companies compete for top talent.
Job Market for Remote and Freelance Workers in Troy
Remote work is becoming increasingly popular in Troy, with approximately 35% of the workforce engaged in remote roles.
Local companies in tech and marketing are leading the way in offering remote positions.
City-specific job boards and platforms are facilitating the search for remote opportunities, reflecting a national trend towards flexible work arrangements.
Job Resources and Networking
Troy offers a variety of job resources, including local job boards like TroyJobs.com and career fairs hosted by local universities.
Networking events and workshops are regularly held to connect job seekers with potential employers.
Residents can also access career development centers and job placement programs to enhance their employment prospects.
Property Prices Rankings
The Property Prices Rankings for the United States evaluate affordability and investment potential using indices like the Price to Income Ratio, Mortgage as a Percentage of Income, Loan Affordability, Price to Rent Ratio, and Gross Rental Yield.
Highest to LowestUpdated: Oct, 2025
Full Property Prices Rankings