salaryRent is higher than in 74% of U.S. cities. A typical house costs about 3.1 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $84,600 a year. That is $41 an hour at a full-time job.
Is rent cheaper than other Texas cities?
No. Rent here is more expensive than in most of Texas. It is number 358 of 426 cities from cheapest to most expensive.
How much do households earn in The Colony?
Share of households by yearly income. 46.4% of households earn $100,000 or more.
Rent by apartment size in The Colony
| Size | The Colony | U.S. average |
|---|---|---|
| Studio | $1,882 | $1,338 |
| 1 bedroom | $1,795 | $1,324 |
| 2 bedrooms | $2,065 | $1,509 |
| 3 bedrooms | $2,457 | $1,698 |
| 4 bedrooms | $2,836 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is The Colony overall?
Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for The Colony, so the Texas figure is shown.
Taxes and bills in The Colony
Life in The Colony
Is it cheaper to rent or buy in The Colony?
Renting is cheaper right now: about $549 a month less.
Owning assumes a typical $383,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,390 for the down payment.
Frequently asked questions
What is the average rent in The Colony, TX?
Renting in The Colony costs a median of about $2,115 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in The Colony?
To keep rent under 30% of income, you need about $84,600 a year, or $41 an hour at a full-time job.
Is The Colony cheap or expensive?
The Colony is rated OK: rent takes 20.6% of the typical household income of $123,500. It ranks 358th cheapest of 426 Texas cities we track.
How much are property taxes in The Colony?
The median homeowner in The Colony pays $6,551 a year in property taxes, about 1.71% of the median home value.
Is The Colony more expensive than the national average?
Overall prices in Texas are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in The Colony?
The median home value in The Colony is $383,900, about 3.1 times the typical yearly household income.
45,454 people live in The Colony. Numbers are typical (middle) values.