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Colonie, NY Cost Of Living

The latest cost of living statistics for Colonie. Includes statistics on rent, mortgages, healthcare, and other costs for Colonie compared to the state and national averages.

Chris Kolmar
Written by
HomeSnacks
Last updated
2026-06-20

Cost of living in Colonie, New York

Cost of living in Colonie research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Colonie is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

118 Cost of living index 1.2x higher vs US
#110 Cheapest in New York (of 336)
#4,215 Cheapest in the U.S. (of 6,489)
$341,964 Median home value
$1,570 Median rent
$103,983 Median income
Not sure Colonie fits your budget? Try our place-match quiz →

What is the cost of living in Colonie, NY?

According to the most recent data on the cost of living, Colonie has an overall cost of living index of 118, which is 1.2x higher than the national index of 100.

Compared to New York, Colonie has a cost of living index that's 1.0x lower than New York's index of 121.

The standard of living in Colonie ranks as #110 most affordable out of the 336 places we measured in New York. By definition, that implies Colonie ranks as the #226 most expensive place in the Empire State.

For more reading on life in Colonie, check out:

Colonie Cost Of Living Vs. New York

Six factors go into calculating the cost of living index in Colonie. Here is how it fares on each of the criteria:

  • The Services index in Colonie is 105.

  • The Groceries index in Colonie is 113.

  • The Health index in Colonie is 132.

  • The Housing index in Colonie is 109.

  • The Transportation index in Colonie is 117.

  • The Utilities index in Colonie is 113.

Living Expense Colonie New York National Average
Overall 118 121 100
Services 105 105 100
Groceries 113 108 100
Health 132 143 100
Housing 109 112 100
Transportation 117 114 100
Utilities 113 111 100

Colonie Cost Of Living Compared To New York Averages

Services
Colonie 105
New York avg 105
Groceries
Colonie 113
New York avg 108
Health
Colonie 132
New York avg 143
Housing
Colonie 109
New York avg 112
Transportation
Colonie 117
New York avg 114
Utilities
Colonie 113
New York avg 111

Index where 100 = national average. Source: cost-of-living index 2026.

For more reading on cost of living around New York, check out:

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Source: Cost-of-living index 2026, normalized to US average = 100

Colonie, NY Housing Cost Breakdown

$341,964Median Home Value
$1,570Median Rent
$103,983Median Income

Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:

  • The Median Home Value in Colonie is $341,964.

  • The Median Rent in Colonie is $1,570.

  • The Median Income in Colonie is $103,983.

  • The Home Value To Income in Colonie is 3.3x.

  • The Rent To Monthly Income in Colonie is 0.18x.

Statistic Colonie New York United States
Median Home Value $341,964 $507,794 $332,700
Median Rent $1,570 $1,621 $1,413
Median Income $103,983 $85,974 $80,734
Home Value To Income 3.3x 5.9x 4.1x
Rent To Monthly Income 0.18x 0.23x 0.21x

Colonie, NY Costs By Category

Detailed Colonie Services costs vs. New York
Item Colonie New York
Shampoo $1.28 $1.28
Movie $13.08 $12.13
Bowling $15.96 $18
Haircut $28.28 $24.26
Beauty Salon $51.36 $45.56
Detailed Colonie Groceries costs vs. New York
Item Colonie New York
Ground Beef $6.06 $5.84
Fried Chicken $1.6 $1.57
Milk $4.85 $4.67
Potatoes $5.09 $4.93
Pizza $14.69 $12.09
Beer $10.9 $10.41
Toothpaste $3.74 $3.7
Detailed Colonie Health costs vs. New York
Item Colonie New York
Optometrist $132.47 $125.68
Doctor $111.33 $135.78
Dentist $111.69 $113.29
Detailed Colonie Transportation costs vs. New York
Item Colonie New York
Gasoline $3.55 $3.46
Tire Balancing $50.33 $59.92
Detailed Colonie Utilities costs vs. New York
Item Colonie New York
All Electricity $196.7 $193.99
Phone $195.71 $192.25

Colonie SnackAbility

7Overall SnackAbility
Jobs 9/10
Housing 8.5/10
Affordability 8.5/10
Diversity 7/10
Safety 7/10
Amenities 8.5/10
Education 8/10
Commute 8.5/10

Cost Of Living In Cities Around Colonie

The cost of living varies in the cities and towns around Colonie. Here's a quick look at the cost of living in the most populous nearby places:

  • Albany, NY has a cost of living index of 110, 0.9x Colonie.

  • Schenectady, NY has a cost of living index of 97, 0.8x Colonie.

  • Rotterdam, NY has a cost of living index of 103, 0.9x Colonie.

City Population Cost Of Living Vs. Colonie
Albany, NY 100,492 110 0.9x
Schenectady, NY 68,847 97 0.8x
Rotterdam, NY 22,695 103 0.9x
Niskayuna, NY 21,227 124 1.1x
Cohoes, NY 18,159 104 0.9x
East Glenville, NY 11,914 114 1.0x
Watervliet, NY 10,287 104 0.9x
Rensselaer, NY 9,287 104 0.9x
Westmere, NY 8,334 121 1.0x
Scotia, NY 7,264 103 0.9x
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