| Index | The Colony | Texas | National |
| Cost of living | 112 | 94 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 100 | 98 | 100 |
| Housing | 143 | 83 | 100 |
| Transportation | 95 | 98 | 100 |
| Utilities | 104 | 103 | 100 |
| Lifestyle & Entertainment | 95 | 98 | 100 |
| Household Items | 100 | 98 | 100 |
| Education & Childcare | 101 | 98 | 100 |
Knowing the cost of living in The Colony allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in The Colony stands at 112, marking it 12% higher than the national average.
When it comes to the cost of living in The Colony, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 43.2% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
Is The Colony 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 The Colony, the median home price is 37.5% higher than the national average and monthly rent prices are 56.6% higher than the typical rates. Additionally, the median income levels play a role in affordability, with The Colony boasting a median household income of $128,800, 58.4% higher than the national average.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in The Colony comes in at 4% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In The Colony, the healthcare costs are 0.1% lower than the national average.
Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In The Colony, the groceries index registers 1.3% lower than the national average.
The The Colony 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.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $155,017 | $12,918 | $3,617 | $4,651 |
| Renters | $108,977 | $9,081 | $2,543 | $3,270 |
| 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. |
| Bristol, TX | 462 | 99 | 1.1% |
| Lincoln Park, TX | 199 | 80 | 20.2% |
| Lake Dallas, TX | 8,292 | 104 | 4.1% |
| Aubrey, TX | 4,493 | 105 | 5.3% |
| Farmers Branch, TX | 44,287 | 106 | 5.9% |
| The Colony, TX | 45,190 | 112 | 12.2% |
| City | Population | Cost of Living Index | National Avg. |
| Peachtree Corners, GA | 45,194 | 122 | 22.0% |
| Haltom City, TX | 45,221 | 95 | 5.4% |
| Lombard, IL | 45,226 | 116 | 15.9% |
| York, PA | 45,108 | 87 | 13.0% |
| Channelview, TX | 45,083 | 94 | 6.1% |
| The Colony, TX | 45,190 | 112 | 12.2% |
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