 About 17.7% of families and 23.5% of the population were below the poverty line, including 27.5% of those under age 18 and 19.8% of those age 65 or over.Troy was selected as the 2010 Corporate Investment and Community Impact Award Winner by "Trade and Industry Development", describing Troy as being on the cutting edge of economic development.Troy was also listed as one of "The Top 50 Best College Towns to Live in Forever" by CollegeRanker.com in 2016.