Cost of Living in Colonie, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
145.4
100 = national avg
+45.4 vs national average
Living Wage (1 Adult)
$63,987
per year
Living Wage (Family of 4)
$151,242
per year
Cost Index by Category
Housing158.5
Food126.7
Transportation153.5
Healthcare121.4
Utilities127.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,417
per month
2 Bedroom
$1,702
per month
The overall cost of living index in Colonie is 145.4, which is 45.4% above the national average. Housing costs are above the national average at an index of 158.5. A single adult needs to earn approximately $63,987 per year to cover basic expenses.