| Index | Colleyville | Texas | National |
| Cost of living | 153 | 94 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 99 | 98 | 100 |
| Housing | 284 | 83 | 100 |
| Transportation | 95 | 98 | 100 |
| Utilities | 100 | 103 | 100 |
| Lifestyle & Entertainment | 97 | 98 | 100 |
| Household Items | 96 | 98 | 100 |
| Education & Childcare | 98 | 98 | 100 |
Getting a feel for the cost of living in Colleyville is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Colleyville is 153, which is 53% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
If you're in pursuit of an economical living environment, Colleyville may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, Colleyville falls within this bracket.
Housing costs significantly influence the Colleyville cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 183.8%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
The most insightful perspective on a city comes from its residents. We recently surveyed 8 locals to gauge their perception of the cost of living in Colleyville. The feedback revealed that 75% of respondents found the cost of living to be reasonable, with prices on the decline, while 25% regarded it as notably expensive with prices that continue to rise.
Is Colleyville affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Colleyville, the median home price is 204.3% higher than the national average and monthly rent prices are 135.9% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Colleyville boasting a median household income of $256,483, 215.3% higher than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Colleyville, the baseline sales tax rate begins at 6.25%, and income tax rates start at 0%.
The Colleyville cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $259,278 | $21,607 | $6,049 | $7,779 |
| Renters | $198,233 | $16,519 | $4,625 | $5,948 |
| State | General Sales Tax | With Max Surtax |
| Texas | 6.25% | 8.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Texas | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Corral City, TX | 14 | 99 | 1.3% |
| Horseshoe Bend, TX | 641 | 83 | 16.7% |
| Sansom Park, TX | 5,730 | 91 | 9.4% |
| Blue Mound, TX | 2,372 | 93 | 6.8% |
| River Oaks, TX | 7,830 | 95 | 4.7% |
| Colleyville, TX | 27,477 | 153 | 53.4% |
| City | Population | Cost of Living Index | National Avg. |
| Sanger, CA | 27,475 | 120 | 20.0% |
| King, ON | 27,487 | n/a | |
| Wooster, OH | 27,464 | 92 | 7.9% |
| Winona, MN | 27,459 | 94 | 6.4% |
| Lemon Grove, CA | 27,512 | 144 | 44.1% |
| Colleyville, TX | 27,477 | 153 | 53.4% |
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