This was 11.8 percent lower than the state average of 35.7 percent. In 2020 the total municipality population reached 1,828.
77 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Troy for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 307 | 23 |
| Regular high school diploma | 451 | 33.8 |
| GED or alternative credential | 44 | 3.3 |
| Some college, less than 1 year | 68 | 5.1 |
| Some college, 1 or more years, no degree | 145 | 10.9 |
| Associate's degree | 74 | 5.6 |
| Bachelor's degree | 187 | 14 |
| Master's degree | 51 | 3.8 |
| Professional school degree | 3 | 0.2 |
| Doctorate degree | 3 | 0.2 |
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