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 111, which is 1.1x higher than the national index of 100.
Compared to Texas, The Colony has a cost of living index that's 1.2x higher than Texas's index of 93.
The standard of living in The Colony ranks as #331 most affordable out of the 419 places we measured in Texas. By definition, that implies The Colony ranks as the #88 most expensive place in the Lone Star State.
For more reading on life in The Colony, check out:
The Colony Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in The Colony. Here is how it fares on each of the criteria:
The Services index in The Colony is 101.
The Groceries index in The Colony is 101.
The Health index in The Colony is 142.
The Housing index in The Colony is 96.
The Transportation index in The Colony is 105.
The Utilities index in The Colony is 94.
| Living Expense | The Colony | Texas | National Average |
|---|---|---|---|
| Overall | 111 | 93 | 100 |
| Services | 101 | 100 | 100 |
| Groceries | 101 | 99 | 100 |
| Health | 142 | 81 | 100 |
| Housing | 96 | 97 | 100 |
| Transportation | 105 | 103 | 100 |
| Utilities | 94 | 100 | 100 |
The Colony Cost Of Living Compared To Texas Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Texas, check out:
Protect your home budget Compare home warranties in The Colony Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in The Colony is $406,282.
The Median Rent in The Colony is $1,958.
The Median Income in The Colony is $114,511.
The Home Value To Income in The Colony is 3.5x.
The Rent To Monthly Income in The Colony is 0.21x.
| Statistic | The Colony | Texas | United States |
|---|---|---|---|
| Median Home Value | $406,282 | $300,957 | $332,700 |
| Median Rent | $1,958 | $1,403 | $1,413 |
| Median Income | $114,511 | $78,476 | $80,734 |
| Home Value To Income | 3.5x | 3.8x | 4.1x |
| Rent To Monthly Income | 0.21x | 0.21x | 0.21x |
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
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 120, 1.1x The Colony.
Frisco, TX has a cost of living index of 133, 1.2x The Colony.
Carrollton, TX has a cost of living index of 113, 1.0x The Colony.
| City | Population | Cost Of Living | Vs. The Colony |
|---|---|---|---|
| Plano, TX | 290,594 | 120 | 1.1x |
| Frisco, TX | 219,304 | 133 | 1.2x |
| Carrollton, TX | 133,740 | 113 | 1.0x |
| Lewisville, TX | 131,080 | 108 | 1.0x |
| Allen, TX | 110,265 | 120 | 1.1x |
| Flower Mound, TX | 78,389 | 128 | 1.2x |
| Lakewood, WA | 62,937 | 124 | 1.1x |
| Little Elm, TX | 54,820 | 118 | 1.1x |
| Coppell, TX | 42,154 | 132 | 1.2x |
| Colleyville, TX | 26,012 | 151 | 1.4x |
