Cost Of Living in Colonie, NY

Get 300+ Local Insights for Any Address in Colonie, NY

Get Access to 300+ Local Data Points

D

17%

Overall NAT. AVG.

6%

Groceries NAT. AVG.

30%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Colonie	New York	National
Cost of living	117	121	100
Groceries	106	106	100
Health care	111	110	100
Housing	130	144	100
Transportation	111	113	100
Utilities	118	112	100
Lifestyle & Entertainment	112	111	100
Household Items	106	106	100
Education & Childcare	123	118	100

Does this Area Fit Your Budget?

Know the community before you call it home
Compare multiple areas side by side
Access over 300 data points for any address

GET REPORT →

Homes For Sale In Colonie, NY

5 Deer Path Dr

Albany, NY

22 Verdi Blvd

Latham, NY

73 Bridle Path

Albany, NY

81 Morris Rd

Schenectady, NY

Cost Of Living Quick Facts

The cost of living in Colonie is 3% lower than the New York average
The cost of living in Colonie is 17% higher than the national average
Colonie housing is 30% higher than the national average
New York general sales tax is 22% lower than the national average
New York state income tax is 54% higher than the national average

Most Affordable Places to Live in and Around Colonie

See all the best places to live around Colonie

Compare Colonie, NY Cost of Living

Write a review to give others more information about this area.

See all Colonie poll results

The best places in New York

Here are the best places to live in New York

Safest States In The US

Most Dangerous Cities In The US

See the best places to live in Colonie

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$149,742	$12,479	$3,494	$4,493
Renters	$93,037	$7,753	$2,171	$2,791

A good way to judge both the affordability of the housing and the cost of living in Colonie is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Colonie has a median income of about $149,742 for people who own homes. Based on that number, a maximum of $3,494 should be spent on expenses related to housing. Renters have a slightly different median income, which is $93,037. Based on this average, renters should spend no more than $2,171 on all rental costs if they want to maintain a non-impoverished standard of living.

New York Sales Tax

State	General Sales Tax	With Max Surtax
New York	4%	8.875%

New York Income Tax

State	Income Tax (Low)	Income Tax (High)
New York	4%	10.9%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Schenectady, NY	66,726	99	0.7%
Green Island, NY	2,707	100	0.3%
Scotia, NY	7,898	103	3.1%
Nassau, NY	1,154	104	4.0%
Waterford, NY	2,222	102	1.8%
Colonie, NY	7,965	117	16.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Sebastopol, CA	7,965	173	73.0%
Lincolnshire, IL	7,966	161	60.5%
Wahpeton, ND	7,963	91	8.9%
Fort Frances, ON	7,960	n/a
South Cleveland, TN	7,971	94	6.1%
Colonie, NY	7,965	117	16.9%