Cost of Living in The Colony, TX
Population 45,454 · Census ACS 2020–2024 5-year estimates
The median rent in The Colony, TX is $1,958/month, 40% higher than the Texas median and 39% higher than the U.S. median. The median home value is $383,900, 15% higher than the national median. Households earn a median of $114,511 a year, 46% higher than the state median.
Affordability
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The Colony vs. Texas vs. U.S.
| The Colony | Texas | U.S. | |
|---|---|---|---|
| Median rent | $1,958 | $1,403 | $1,413 |
| Median home value | $383,900 | $283,800 | $332,700 |
| Median household income | $114,511 | $78,476 | $80,734 |
| Homeownership rate | 59.8% | 62.6% | 65.2% |
| Bachelor's degree or higher | 47.7% | 33.8% | 35.7% |
| Poverty rate | 6.7% | 13.8% | 12.5% |
| Unemployment rate | 4.1% | 5.3% | 5.2% |
| Work from home | 23.8% | 14.4% | 15.1% |
| Median age | 37.8 | 35.6 | 38.9 |
FAQ
What is the average rent in The Colony, TX?
The median gross rent in The Colony, TX is $1,958 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in The Colony, TX?
Using the common 30% rule, renting a median-priced home takes about $78,320 a year in gross income.
Is The Colony, TX expensive to live in?
Rent there is 39% higher than the U.S. median, and the median home costs about 3.4 times the median household income.
Other cities in Texas
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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