Cost of living in Colleyville 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 Colleyville is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Colleyville is 157, with 100 being the average.
The cost of living index in Colleyville is 1.6x higher than the national average.
Colleyville ranks as the #406 cheapest in Texas out of 414.
Colleyville ranks as the #5,839 cheapest out of 6,489 in the US.
The median home value in Colleyville is $888,137.
The median income in Colleyville is $203,566.
According to the most recent data on the cost of living, Colleyville has an overall cost of living index of 157, which is 1.6x higher than the national index of 100.
Compared to Texas, Colleyville has a cost of living index that's 1.7x higher than Texas's index of 92.
The standard of living in Colleyville ranks as #406 most affordable out of the 414 places we measured in Texas. By definition, that implies Colleyville ranks as the #8 most expensive place in the Lone Star State.
For more reading on life in Colleyville, check out:
Six factors go into calculating the cost of living index in Colleyville. Here is how it fairs on each of the criteria:
The Services index in Colleyville is 109.
The Groceries index in Colleyville is 99.
The Health index in Colleyville is 110.
The Housing index in Colleyville is 285.
The Transportation index in Colleyville is 90.
The Utilities index in Colleyville is 109.
| Living Expense | Colleyville | Texas | National Average | |
|---|---|---|---|---|
| Overall | 157 | 92 | 100 | |
| Services | 109 | 97 | 100 | |
| Groceries | 99 | 97 | 100 | |
| Health | 110 | 93 | 100 | |
| Housing | 285 | 82 | 100 | |
| Transportation | 90 | 94 | 100 | |
| Utilities | 109 | 104 | 100 | |
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Colleyville is $888,137.
The Median Rent in Colleyville is $3,194.
The Median Income in Colleyville is $203,566.
The Home Value To Income in Colleyville is 4.4x.
The Rent To Monthly Income in Colleyville is 0.19x.
| Statistic | Colleyville | Texas | United States |
|---|---|---|---|
| Median Home Value | $888,137 | $298,905 | $303,400 |
| Median Rent | $3,194 | $1,339 | $1,348 |
| Median Income | $203,566 | $76,292 | $78,538 |
| Home Value To Income | 4.4x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.21x | 0.21x |
| Item | Colleyville | Texas |
|---|---|---|
| Shampoo | $1.3 | $1.28 |
| Movie | $14.6 | $12.13 |
| Bowling | $24.53 | $18 |
| Haircut | $33.29 | $24.26 |
| Beauty Salon | $65.85 | $45.56 |
| Item | Colleyville | Texas |
|---|---|---|
| Ground Beef | $5.23 | $5.84 |
| Fried Chicken | $1.74 | $1.57 |
| Milk | $4.65 | $4.67 |
| Potatoes | $4.93 | $4.93 |
| Pizza | $11.3 | $12.09 |
| Beer | $10.93 | $10.41 |
| Toothpaste | $3.57 | $3.7 |
| Item | Colleyville | Texas |
|---|---|---|
| Optometrist | $143.73 | $125.68 |
| Doctor | $140.69 | $135.78 |
| Dentist | $130.53 | $113.29 |
| Item | Colleyville | Texas |
|---|---|---|
| Gasoline | $3.09 | $3.46 |
| Tire Balancing | $52.04 | $59.92 |
| Item | Colleyville | Texas |
|---|---|---|
| All Electricity | $219.02 | $193.99 |
| Phone | $208.71 | $192.25 |
The cost of living varies in the cities and towns around Colleyville. Here's a quick look at the cost of living in the most populous nearby places:
Carrollton, TX has a cost of living index of 120, 0.8x Colleyville.
Flower Mound, TX has a cost of living index of 135, 0.9x Colleyville.
North Richland Hills, TX has a cost of living index of 110, 0.7x Colleyville.
| City | Population | Cost Of Living | Vs. Colleyville |
|---|---|---|---|
| Carrollton, TX | 132,741 | 120 | 0.8x |
| Flower Mound, TX | 77,886 | 135 | 0.9x |
| North Richland Hills, TX | 70,338 | 110 | 0.7x |
| Euless, TX | 60,373 | 109 | 0.7x |
| Grapevine, TX | 50,875 | 126 | 0.8x |
| Bedford, TX | 49,191 | 111 | 0.7x |
| Keller, TX | 45,598 | 134 | 0.9x |
| The Colony, TX | 44,916 | 120 | 0.8x |
| Coppell, TX | 42,029 | 135 | 0.9x |
| Hurst, TX | 39,912 | 109 | 0.7x |