The Colony, TX Cost Of Living
Cost Of Living In The Colony, TX Summary
Cost of living in The Colony 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 The Colony 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 The Colony is 120, with 100 being the average.
The cost of living index in The Colony is 1.2x higher than the national average.
The Colony ranks as the #352 cheapest in Texas out of 414.
The Colony ranks as the #4,411 cheapest out of 6,489 in the US.
The median home value in The Colony is $406,228.
The median income in The Colony is $111,090.
Table Of Contents
The Colony's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in The Colony, TX?
According to the most recent data on the cost of living, The Colony has an overall cost of living index of 120, which is 1.2x higher than the national index of 100.
Compared to Texas, The Colony has a cost of living index that's 1.3x higher than Texas's index of 92.
The standard of living in The Colony ranks as #352 most affordable out of the 414 places we measured in Texas. By definition, that implies The Colony ranks as the #62 most expensive place in the Lone Star State.
For more reading on life in The Colony, check out:
In Texas
In America
The Colony Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in The Colony. Here is how it fairs on each of the criteria:
The Services index in The Colony is 122.
The Groceries index in The Colony is 96.
The Health index in The Colony is 111.
The Housing index in The Colony is 137.
The Transportation index in The Colony is 95.
The Utilities index in The Colony is 113.
| Living Expense | The Colony | Texas | National Average | |
|---|---|---|---|---|
| Overall | 120 | 92 | 100 | |
| Services | 122 | 97 | 100 | |
| Groceries | 96 | 97 | 100 | |
| Health | 111 | 93 | 100 | |
| Housing | 137 | 82 | 100 | |
| Transportation | 95 | 94 | 100 | |
| Utilities | 113 | 104 | 100 | |
The Colony, TX Housing Cost Breakdown
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 The Colony is $406,228.
The Median Rent in The Colony is $1,884.
The Median Income in The Colony is $111,090.
The Home Value To Income in The Colony is 3.7x.
The Rent To Monthly Income in The Colony is 0.2x.
| Statistic | The Colony | Texas | United States |
|---|---|---|---|
| Median Home Value | $406,228 | $298,905 | $303,400 |
| Median Rent | $1,884 | $1,339 | $1,348 |
| Median Income | $111,090 | $76,292 | $78,538 |
| Home Value To Income | 3.7x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
The Colony, TX Costs By Category
Detailed The Colony Services Costs Vs. Texas
| Item | The Colony | Texas |
|---|---|---|
| Shampoo | $1.22 | $1.28 |
| Movie | $11.85 | $12.13 |
| Bowling | $16.96 | $18 |
| Haircut | $23.57 | $24.26 |
| Beauty Salon | $35.11 | $45.56 |
Detailed The Colony Groceries Costs Vs. Texas
| Item | The Colony | Texas |
|---|---|---|
| Ground Beef | $5.44 | $5.84 |
| Fried Chicken | $1.32 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.15 | $4.93 |
| Pizza | $11.96 | $12.09 |
| Beer | $10.27 | $10.41 |
| Toothpaste | $3.51 | $3.7 |
Detailed The Colony Health Costs Vs. Texas
| Item | The Colony | Texas |
|---|---|---|
| Optometrist | $96.63 | $125.68 |
| Doctor | $131.0 | $135.78 |
| Dentist | $86.73 | $113.29 |
Detailed The Colony Transportation Costs Vs. Texas
| Item | The Colony | Texas |
|---|---|---|
| Gasoline | $3.47 | $3.46 |
| Tire Balancing | $66.47 | $59.92 |
Detailed The Colony Utilities Costs Vs. Texas
| Item | The Colony | Texas |
|---|---|---|
| All Electricity | $145.64 | $193.99 |
| Phone | $208.71 | $192.25 |
The Colony SnackAbility
/10
Cost Of Living In Cities Around The Colony
The cost of living varies in the cities and towns around The Colony. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 129, 1.1x The Colony.
Frisco, TX has a cost of living index of 139, 1.2x The Colony.
Carrollton, TX has a cost of living index of 120, 1.0x The Colony.
| City | Population | Cost Of Living | Vs. The Colony |
|---|---|---|---|
| Plano, TX | 287,339 | 129 | 1.1x |
| Frisco, TX | 210,238 | 139 | 1.2x |
| Carrollton, TX | 132,741 | 120 | 1.0x |
| Lewisville, TX | 128,313 | 118 | 1.0x |
| Allen, TX | 107,684 | 129 | 1.1x |
| Flower Mound, TX | 77,886 | 135 | 1.1x |
| Lakewood, WA | 63,034 | 127 | 1.1x |
| Little Elm, TX | 51,426 | 125 | 1.0x |
| Coppell, TX | 42,029 | 135 | 1.1x |
| Colleyville, TX | 25,906 | 157 | 1.3x |
