This was 21 percent lower than the state average of 42.7 percent. In 2020 the total municipality population reached 762.
91.5 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 | 46 | 8.5 |
| Regular high school diploma | 178 | 32.7 |
| GED or alternative credential | 27 | 5 |
| Some college, less than 1 year | 48 | 8.8 |
| Some college, 1 or more years, no degree | 127 | 23.3 |
| Associate's degree | 23 | 4.2 |
| Bachelor's degree | 67 | 12.3 |
| Master's degree | 25 | 4.6 |
| Professional school degree | 3 | 0.6 |
| Doctorate degree | 0 | 0 |
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