Cost of Living in The Colony, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
165.3
100 = national avg
+65.3 vs national average
Living Wage (1 Adult)
$72,747
per year
Living Wage (Family of 4)
$171,948
per year
Cost Index by Category
Housing210.7
Food134.9
Transportation125.2
Healthcare127.9
Utilities143.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,648
per month
2 Bedroom
$1,931
per month
The overall cost of living index in The Colony is 165.3, which is 65.3% above the national average. Housing costs are above the national average at an index of 210.7. A single adult needs to earn approximately $72,747 per year to cover basic expenses.