Troy is located in the heart of Oakland County, Michigan. It’s one of the most populated cities in the county, with an estimated population of 84,092, of which 17.2% are seniors. The city has a low cost of living as well as a vibrant arts and culture scene and a strong professional sports presence, meaning there are many options for things to see and do. The state is quite tax-friendly for seniors, with Social Security retirement benefits being untaxed and older adults qualifying for substantial reductions or exemptions on other taxes. This makes Troy a popular choice for those looking for an affordable but thriving location to spend their retirement years.
Assisted living facilities are aimed at seniors who struggle with some of the activities of daily living but who can otherwise live independently and don’t require significant hands-on medical care. Seniors who live in Troy can expect to pay around $4,750 per month for assisted living, which is $550 per month more than the state average.
This guide looks at the cost of assisted living in Troy and also covers some of the benefits and drawbacks of choosing the city as a retirement destination.