ZIP Code 48098 Demographics & Data

Insights on Troy, MI (ZIP Code 48098)

Michigan

Comprehensive Demographics Data and Statistics About 48098

The 48098 ZIP Code is associated with the city of Troy in Michigan in Oakland County in the United States. The current population estimate is 19,232. It is estimated that about 69.0% of residents in this Michigan region hold a bachelor's degree or higher, while the per capita income is approximately $61,618. Median househould income in this region is $135,554, while about 3% of the population lives below the poverty line. The median age in ZIP Code 48098 is approximately 47.2 years, and 23.8% of the region's residents are aged 62 years and older.

Population in 48098

The most recent population estimate for ZIP Code 48098 is 19,232.

Troy, MI

The 48098 ZIP Code is associated with Troy, MI in Oakland County.

Area Codes associated with 48098

Telephone area codes associated with ZIP Code 48098 include 248.

Sunrise / Sunset in 48098

Sunrise: 7:15 am
Sunset: 6:16 pm
Sunrise in 48098 7:15 am
Sunrise in 48098 6:16 pm

Weather forecast for 48098

Today's forecast for 48098: Partly sunny. High near 49, with temperatures falling to around 46 in the afternoon. Southwest wind 13 to 20 mph, with gusts as high as 36 mph.

Current air quality in 48098

Air quality: Moderate Air quality scale in 48098 Moderate

Internet in 48098

An estimated 97.4% of households in ZIP Code 48098 have a computer, while about 94.7% of households have broadband Internet service.

Gender in 48098

The gender split in ZIP Code 48098 is an estimated 49.4% male and approximately 50.6% female.

Health Insurance in 48098

Approximately 3.4% of adults aged 18 to 64 in ZIP Code 48098 (Troy, MI) are currently uninsured and do not have health insurance.

Income in ZIP Code 48098

The median household income in ZIP Code 48098 is $135,554, while the region's mean household income is $166,784. Breaking income down further, per capita income in the region is $61,618. The per capita income in ZIP Code 48098 of $61,618 is approximately 94.3% more than the per capita income in Michigan overall of $31,713. An estimated 3.3% of the population is living below the poverty line in this region. This rate is approximately 65.26% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 28.6% of the population in 48098 earn $200,000 or more per year, while an estimated 19.9% earn $100,000 to $149,999 per year, and 1.4% of 48098 residents earn $10,000 to $14,999 per year.

Household Income Details

Bar chart displaying household income in ZIP Code 48098. This visualizes the percentage of households in this region that fall within different income ranges, e.g. $100,000 to $149,999 per year.

Total Income in 48098

Household Income Percent
Less than $10,000 per year 2.9%
$10,000 to $14,999 per year 1.4%
$15,000 to $24,999 per year 3.5%
$25,000 to $34,999 per year 2.6%
$35,000 to $49,999 per year 5.3%
$50,000 to $74,999 per year 10.5%
$75,000 to $99,999 per year 10.3%
$100,000 to $149,999 per year 19.9%
$150,000 to $199,999 per year 14.8%
$200,000 or more per year 28.6%

Race & Ethnicity in ZIP Code 48098

Looking at race in the population that makes up ZIP Code 48098, 97.4% is one race, while 2.6% are two or more races. Approximately 2.6% of 48098 residents are hispanic or Latino (of any race). The most common race in 48098 (race alone or in combination with one or more other races), is White (69.9%), followed by Asian (28.7%) .

Race Breakdown Details

Bar chart displaying the racial composition of ZIP Code 48098. This visualizes the percentage of the population of each race (race alone or in combination with one or more other races).

Racial Composition of 48098

Industry Percent
White 69.9%
Black or African American 3.0%
American Indian and Alaska Native 0.7%
Asian 28.7%
Native Hawaiian and Other Pacific Islander 0.1%
Some other race 0.2%
* Race alone or in combination with one or more other races

Age Breakdown in ZIP Code 48098

Residents of ZIP Code 48098 are older than average. The median age of 47.2 years in ZIP Code 48098 is approximately 23.88% higher than the overall median age in the U.S. of 38.1 years. About 78.4% of residents are aged 18 years and older, and 23.8% of residents are 62 years and over. Approximately 17.2% of the population in 48098 falls in the age group 45 to 54 years, while an estimated 12.5% are aged 65 to 74 years. On the low end of the scale, 2.1% of 48098 residents are aged 85 years and over.

Age Breakdown Details

Bar chart displaying the age breakdown in ZIP Code 48098. This visualizes the percentage of the population in the region that falls into certain age ranges, e.g. 35 to 44 years old.

Age Breakdown in 48098

Age Range Percent
Under 5 years 3.7%
5 to 9 years 4.9%
10 to 14 years 7.7%
15 to 19 years 7.7%
20 to 24 years 5.0%
25 to 34 years 6.6%
35 to 44 years 11.2%
45 to 54 years 17.2%
55 to 59 years 7.9%
60 to 64 years 8.1%
65 to 74 years 12.5%
75 to 84 years 5.5%
85 years and over 2.1%

Language Breakdown in ZIP Code 48098

In ZIP Code 48098, 69.5% of the population lists "English only" as the language spoken in home, while 1.5% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 11.0% of homes, and other Indo-European languages are spoken in 15.0% of homes. Lastly, 3.1% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Oakland County region.

Language Spoken in 48098

Language Spoken Percent
English only 69.5%
Spanish 1.5%
Other Indo-European languages 11.0%
Asian and Pacific Islander languages 15.0%
Other languages 3.1%
* Population 5 years and over

Language Spoken in Home

Bar chart displaying the language spoken in homes in ZIP Code 48098. This visualizes the percentage of homes in the area that list a specific language as being spoken in the home, e.g. Spanish.

Real Estate & Housing in ZIP Code 48098

The median home value in ZIP Code 48098 in July 2024 comes in at $587,416. The July 2024 value is approximately 4% higher than the $565,948 median value in February 2024, and 6% higher than the $552,436 median value in August 2023. Regarding the age of homes in ZIP Code 48098, an estimated 30.5% of homes were built between 1980 and 1989. Additionally, 23.7% of homes in the region were built between 1970 and 1979, while an estimated 0.2% of homes were built between 2010 and 2013 in this Oakland County region.

Home Values in 48098

Month Home value
Jul 2024 $587,416
Jun 2024 $586,972
May 2024 $584,538
Apr 2024 $578,453
Mar 2024 $571,562
Feb 2024 $565,948
Jan 2024 $562,198
Dec 2023 $559,356
Nov 2023 $556,659
Oct 2023 $554,760
Sep 2023 $553,543
Aug 2023 $552,436

Median Home Values Over Time

Line chart displaying median home values in ZIP Code 48098. This visualizes a recent 12-month span of home values in the region.

Age of Housing in 48098

Year Home Built Percent
Built in 2014 or later 0.3%
Built between 2010 and 2013 0.2%
Built between 2000 and 2009 4.8%
Built between 1990 and 1999 22.1%
Built between 1980 and 1989 30.5%
Built between 1970 and 1979 23.7%
Built between 1960 and 1969 10.4%
Built between 1950 and 1959 5.2%
Built between 1940 and 1949 1.2%
Built in 1939 or earlier 1.6%

Housing Age Breakdown

">Bar chart displaying the breakdown on housing ages in ZIP Code 48098. This visualizes the percentage of homes in the region that were built in a certain time frame, e.g. built between 1950 and 1959.

Education levels in ZIP Code 48098

In ZIP Code 48098, 96.8% of the population graduated high school, while 69.0% have a bachelor's degree or higher. In this region, 1.2% achieved an education level less than 9th grade, while 37.1% hold a graduate or professional degree. Approximately 10.1% in this Oakland County region reached the highest level of high school graduate (including equivalency).

Education Attained in 48098

Education Level Percent
Less than 9th grade 1.2%
9th to 12th grade, no diploma 2.0%
High school graduate (includes equivalency) 10.1%
Some college, no degree 11.9%
Associate's degree 5.8%
Bachelor's degree 31.9%
Graduate or professional degree 37.1%

Education Level Details

Pie chart displaying the education level breakdown in ZIP Code 48098. This visualizes the percentage of the population that has attained a specific level of education, e.g. a graduate or professional degree.

Chronic Health Issues in ZIP Code 48098 [4]

Chronic Health Issues Breakdown

Bar chart displaying a breakdown of chronic health issues in ZIP Code 48098. This visualizes the percentage of adults aged 18 and above that have specific chronic health issues, e.g. high blood pressure, diabetes, or arthritis.

Health Issues in 48098

Health Issue Percent of adults*
* aged 18 & above

Health Risk Behaviors & Prevention in 48098 [4]

One of the top preventative health measures in ZIP Code 48098 is current access to health insurance, as an estimated 96.6% of adults 18 and older take part in this preventive measure. Additionally, % of those 18 and above in 48098 list , as a preventive measure.

Preventative Health in 48098

Preventive Measure Percent of adults*
Current access to health insurance 96.6%
* aged 18 & above

Preventative Health Measures

Bar chart displaying preventative health data in ZIP Code 48098. This visualizes the percentage of adults aged 18 and above that engage in preventative health measures, e.g. sholesterol screenings and visits to doctors for routine checkups.

Health Risk Behaviors Details

Bar chart displaying health risk behaviors details in ZIP Code 48098. This visualizes the percentage of adults aged 18 and older that engage in health risk behaviors, e.g. smoking or binge drinking.

Health Risk Behaviors in 48098

Risk Behavior Percent of adults*
* aged 18 & above

Utilities in ZIP Code 48098 [6]

Regarding solar power potential, ZIP Code 48098 has an average daily solar radiation level of 4.64 kWh/m2/day. This is approximately 12.62% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 29.59% less than an area in the U.S. with historically high solar radiation levels (AZ).

Electricity Breakdown Details

Bar chart displaying the electricity rates breakdown in ZIP Code 48098. This visualizes electricity rates in 48098 compared to rates in the state and rates in the U.S. as a whole.

Electricity Rates in 48098

Region Residential Commercial Industrial
ZIP Code 48098 14.13¢/kWh 10.93¢/kWh 7.62¢/kWh
Michigan 18.71¢/kWh 13.27¢/kWh 8.15¢/kWh
United States 17.01¢/kWh 12.22¢/kWh 7.89¢/kWh

Solar Power in 48098

Month ZIP Code 48098 Low (WA) High (AZ)
Jan 3.14 1.9 5.84
Feb 4.16 3 6.31
Mar 4.74 3.65 7.02
Apr 5.18 5.13 7.3
May 5.49 5.17 7.13
Jun 5.88 5.72 6.95
Jul 5.89 6.22 6.51
Aug 5.67 6.08 6.65
Sep 5.54 5.15 7.02
Oct 4.27 3.32 6.92
Nov 3.16 2.33 5.99
Dec 2.51 1.78 5.46
All figures listed are kWh/m2/day — kilowatt hours per square meter per day

Solar Radiation Levels

Line chart displaying solar radiation levels in ZIP Code 48098. This visualizes solar power levels in 48098 compared to radiation levels in both a historically low radiation state (WA) and a historically high radiation state (AZ).

Consumer Financial Products Complaints in 48098 [5]

Regarding consumer complaints about financial products in ZIP Code 48098, credit reporting or other personal consumer reports have received the most complaints in 48098 in the past 12 months. Checking or savings account received the second most complaints. The most frequent complaint overall in this Oakland County region was incorrect information on a report.

Consumer Complaints (Products)

Pie chart displaying the specific consumer financial products associated with complaints that originated from residents in ZIP Code 48098. This visualizes the specific products that were the subject of complaints, e.g. a mortgage or a credit card.

Consumer Complaints by Product in 48098

Complaint Product Number of Complaints*
Credit reporting or other personal consumer reports 57
Checking or savings account 8
Credit reporting or credit repair services 6
Debt collection 3
Credit card 2
Other 4
* Total in 2021

Consumer Complaints by Issue in 48098

Complaint Issue Number of Complaints*
Incorrect information on your report 33
Improper use of your report 15
Problem with a company's investigation into an existing problem 11
Managing an account 5
Problem with a credit reporting company's investigation 4
Other 12
* Total 2021 - 2024 (current)

Consumer Complaints (Issues)

Pie chart displaying the complaints about consumer financial products and services that were sent to companies for response from residents in ZIP Code 48098. This visualizes the specific complaint issues that arose in this region, e.g. incorrect information on a report.

Jobs Breakdown in ZIP Code 48098

In 48098, 62.7% of the population is in the labor force. Recent estimates place 6.4% as working from home, while the total labor force in the region has a mean travel to time to work of 26.0 minutes. Approximately 27.5% of the employed population 16 years and over in 48098 work in educational services, and health care and social assistance, while an estimated 22.4% work in manufacturing. On the lower end of the scale, just 0.2% of 48098 workers 16 years and over work in agriculture, forestry, fishing and hunting, and mining.

Job Industry Breakdown Details

Bar chart displaying job industry breakdown details for ZIP Code 48098. This visualizes the percentage of the population 16 years and over that work in certain industries, e.g. educational services, and health care and social assistance.

Job Industry Breakdown in 48098

Industry Percent
Agriculture, forestry, fishing and hunting, and mining 0.2%
Construction 3.1%
Manufacturing 22.4%
Wholesale trade 2.6%
Retail trade 5.9%
Transportation and warehousing, and utilities 1.8%
Information 1.4%
Finance and insurance, and real estate and rental and leasing 10.1%
Professional, scientific, management, and administrative 15.3%
Educational services, and health care and social assistance 27.5%
Arts, entertainment, and recreation, and accommodation and food services 4.1%
Other services, except public administration 4.0%
Public administration 1.5%

Notes

  • [4] Health data referenced here originate from the Centers for Disease Control and Prevention (CDC).
  • [5] Consumer financial product complaint data referenced here originate from the Consumer Financial Protection Bureau.
  • [6] Electricity rates and electricity usage data referenced here originate from the National Renewable Energy Laboratory (NREL) and/or the U.S. Energy Information Administration (EIA). Estimates utilize regional U.S. Census Bureau data along with regional NREL and/or EIA data.