Living in Colonie, New York
Cost of living, income, home prices, rent and demographics of Colonie · Census data 2020–2024
Colonie has 7,702 residents with a median age of 43.4. The median household income is $103,983 (21% higher than the New York median), the median home value is $285,400, the median rent is $1,570/month.
Colonie at a glance
- Population
- 7,702
- Median age
- 43.4State: 39.8
- Median household income
- $103,983State: $85,974
- Median home value
- $285,400State: $423,800
- Median rent
- $1,570/moState: $1,621
- Homeowners
- 80.2%
- Bachelor's degree or higher
- 35.7%
- Average commute
- 17 min
Is Colonie a good place to live?
Pros: Median household income 21% higher than the New York median; home values 33% lower than the state median; an average commute of 17 minutes; unemployment of 1.2%; a poverty rate of 7.5%.
The weather is best in May–June and August–September.
Cost of living in Colonie
Housing is the biggest part of the cost of living. In Colonie the median home value is $285,400, 14% lower than the U.S. median. Renters pay a median of $1,570 per month, which is 25.5% of household income. Homeowners with a mortgage pay $1,755 a month in housing costs.
Colonie median household income
The median household income in Colonie is $103,983 and the income per person is $44,842. 7.5% of residents live below the poverty line (New York: 14%).
Housing in Colonie: homes for sale and rent
- Housing units
- 3,258
- Owner-occupied
- 80.2%
- Renter-occupied
- 19.8%
- Vacant
- 2%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.40
Colonie demographics
- Population
- 7,702
- Median age
- 43.4
- Under 18
- 20%
- 65 and older
- 20.9%
- Households
- 3,193
- Foreign-born
- 9.2%
- Veterans
- 4.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Colonie ›
Education in Colonie
35.7% of adults 25 and older in Colonie have a bachelor's degree or higher (New York: 40.2%), and 18.5% have a graduate or professional degree.
Jobs and commute in Colonie
- Unemployment rate
- 1.2%State: 6.4%
- Average commute
- 17 minState: 33 min
- Work from home
- 15.7%
- Drive alone
- 77%
- Public transit
- 1.2%
- Walk to work
- 0.6%
- Homes with broadband
- 95.2%
Colonie vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Colonie | 7,702 | $103,983 | $285,400 | $1,570 |
| Roessleville | 10,968 | $96,058 | $264,500 | $1,416 |
| Westmere | 8,334 | $88,378 | $313,400 | $1,629 |
| Loudonville | 10,527 | $142,829 | $391,200 | $1,829 |
| Albany | 100,492 | $61,986 | $234,700 | $1,216 |
| Latham | 13,802 | $104,899 | $326,900 | $1,472 |
| Menands | 4,505 | $80,583 | $271,300 | $1,414 |
| Watervliet | 10,287 | $57,919 | $179,700 | $1,083 |
| Niskayuna | 21,227 | $134,052 | $357,900 | $1,589 |
More for people moving to Colonie
Colonie ZIP code ›Weather and climate ›Living in Colonie: FAQ
What is the median household income in Colonie, NY?
The median household income in Colonie is $103,983, 21% higher than the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Colonie?
The median home value in Colonie is $285,400, compared with $423,800 in New York.
How much is rent in Colonie?
The median gross rent in Colonie is $1,570 per month, about 25.5% of household income.
Is Colonie, NY a good place to live?
Pluses: median household income 21% higher than the New York median; home values 33% lower than the state median; an average commute of 17 minutes; unemployment of 1.2%; a poverty rate of 7.5%.
What is the median age in Colonie?
The median age in Colonie is 43.4 years (New York: 39.8).
How long is the commute in Colonie?
The average commute to work in Colonie is 17 minutes; 15.7% of workers work from home.
What is the unemployment rate in Colonie?
The unemployment rate in Colonie is 1.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Colonie?
35.7% of adults in Colonie have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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