Cost of Living in The Colony, TX
Population 44,916 · Texas · Data vintage 2023
(100 = US avg)
The Colony lands reasonably close to national benchmarks on most cost indicators, with a median home value of $355,000 — 16% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Texas.
Located 5 miles northeast of Lewisville, The Colony falls within that metro's commuting orbit. Housing prices track closely with Lewisville's $350,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in The Colony
The median home value in The Colony is $355,100 — 16% above the national median of $305,000. Median rent runs $1,884/month, 43% higher than the national median of $1,314/month. The median household income of $111,090/year is 49% higher than the US median of $74,580. The local unemployment rate is 3.8%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 76.7°F and lows of 56.5°F, with about 1.6" of annual snowfall. Overall, The Colony has a cost of living index of 127 versus the US average of 100, meaning it is 27% more expensive.
🏠 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 | 57 | 61 | 69 | 76 | 84 | 92 | 96 | 96 | 89 | 78 | 67 | 58 |
| Low °F | 36 | 40 | 48 | 55 | 65 | 72 | 76 | 76 | 69 | 57 | 46 | 38 |
| Precip" | 2.53 | 2.76 | 3.30 | 3.22 | 4.78 | 3.70 | 2.08 | 2.18 | 2.72 | 4.37 | 2.53 | 2.84 |
| Snow" | 0.1 | 1.0 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in The Colony, TX?
The Colony has a cost index of 127 (100 = national average). It is 27% above the national average.
What is average rent in The Colony, TX?
The median gross rent in The Colony is $1,884 per month based on 2023 Census data.
What is the average home price in The Colony?
The median home value in The Colony is $355,100 according to Zillow and Census data.
What is the median income in The Colony?
The median household income in The Colony is $111,090 per year (2023 ACS 5-year estimates).
What is the sales tax in The Colony, TX?
The combined state and local sales tax rate in The Colony is 8.2%. Texas has no state income tax.
Is The Colony, TX affordable?
The Colony is above average in cost of living, with an index of 127 — about 27% higher than the national average.
What is the weather like in The Colony?
The Colony has average high temperatures of 76.7°F and average lows of 56.5°F. Annual precipitation is 37". Average annual snowfall is 1.6". Data from NOAA 1991–2020 Climate Normals.
The Colony at a Glance
- Population
- 44,916
- Median Income
- $111,090
- Home Value
- $355,100
- Median Rent
- $1,884/mo
- Unemployment
- 3.8%
- Avg High Temp
- 76.7°F
- Sales Tax
- 8.2%
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Texas Rankings
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