Cost of Living in Colonie, NY
Population 7,705 · New York · Data vintage 2023
(100 = US avg)
Colonie is a smaller New York community of around 8000 residents, where median household incomes of $100,396 and housing costs ($271,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 2.1% — below most comparable cities in the state.
Located <5 miles northwest of Albany, Colonie falls within that metro's commuting orbit. Median home values run roughly 21% higher than Albany's $223,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Colonie
The median home value in Colonie is $270,800 — 11% below the national median of $305,000. Median rent runs $1,494/month, 14% higher than the national median of $1,314/month. The median household income of $100,396/year is 35% higher than the US median of $74,580. The local unemployment rate is 2.1%, below the national average of 4.8%. New York's top state income tax rate is 10.9% and the combined sales tax is 8.5%. The climate averages highs of 59.4°F and lows of 39.4°F, with about 59.2" of annual snowfall. Overall, Colonie has a cost of living index of 99 versus the US average of 100, meaning it is 1% less expensive.
Colonie has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 33 | 36 | 45 | 59 | 71 | 79 | 84 | 82 | 74 | 62 | 49 | 38 |
| Low °F | 16 | 18 | 26 | 37 | 48 | 57 | 62 | 61 | 53 | 41 | 32 | 23 |
| Precip" | 2.60 | 2.28 | 3.09 | 3.11 | 3.41 | 4.05 | 4.55 | 3.76 | 3.73 | 3.85 | 2.99 | 3.26 |
| Snow" | 15.6 | 13.7 | 12.0 | 1.6 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 2.6 | 13.3 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Colonie, NY?
Colonie has a cost index of 99 (100 = national average). It is 1% below the national average.
What is average rent in Colonie, NY?
The median gross rent in Colonie is $1,494 per month based on 2023 Census data.
What is the average home price in Colonie?
The median home value in Colonie is $270,800 according to 2023 Census ACS data.
What is the median income in Colonie?
The median household income in Colonie is $100,396 per year (2023 ACS 5-year estimates).
What is the sales tax in Colonie, NY?
The combined state and local sales tax rate in Colonie is 8.5%. The New York state income tax top rate is 10.9%.
Is Colonie, NY affordable?
Colonie is near the national average in terms of cost of living, with an index of 99 (100 = US average).
What is the weather like in Colonie?
Colonie has average high temperatures of 59.4°F and average lows of 39.4°F. Annual precipitation is 40.7". Average annual snowfall is 59.2". Data from NOAA 1991–2020 Climate Normals.
Colonie at a Glance
- Population
- 7,705
- Median Income
- $100,396
- Home Value
- $270,800
- Median Rent
- $1,494/mo
- Unemployment
- 2.1%
- Avg High Temp
- 59.4°F
- Sales Tax
- 8.5%
Nearby Cities
Explore county-level cost of living data
New York Rankings
Similar Cost Cities
Cities in other states with comparable housing costs