Living in The Colony, Texas
Cost of living, income, home prices, rent and demographics of The Colony · Census data 2020–2024
The Colony has 45,454 residents with a median age of 37.8. The median household income is $114,511 (46% higher than the Texas median), the median home value is $383,900, the median rent is $1,958/month.
The Colony at a glance
- Population
- 45,454
- Median age
- 37.8State: 35.6
- Median household income
- $114,511State: $78,476
- Median home value
- $383,900State: $283,800
- Median rent
- $1,958/moState: $1,403
- Homeowners
- 59.8%
- Bachelor's degree or higher
- 47.7%
- Average commute
- 27 min
Is The Colony a good place to live?
Pros: Median household income 46% higher than the Texas median; unemployment of 4.1%; a poverty rate of 6.7%.
Cons: Home values 35% higher than the state median; an average commute of 27 minutes.
The weather is best in March to May and October.
Cost of living in The Colony
Housing is the biggest part of the cost of living. In The Colony the median home value is $383,900, 15% higher than the U.S. median. Renters pay a median of $1,958 per month, which is 26.7% of household income. Homeowners with a mortgage pay $2,428 a month in housing costs.
The Colony median household income
The median household income in The Colony is $114,511 and the income per person is $58,740. 6.7% of residents live below the poverty line (Texas: 13.8%).
Housing in The Colony: homes for sale and rent
- Housing units
- 19,388
- Owner-occupied
- 59.8%
- Renter-occupied
- 40.2%
- Vacant
- 4.1%Includes seasonal homes
- Median year built
- 2001
- Average household size
- 2.44
The Colony demographics
- Population
- 45,454
- Median age
- 37.8
- Under 18
- 18.4%
- 65 and older
- 11.2%
- Households
- 18,591
- Foreign-born
- 13.4%
- Veterans
- 5.4%Adults 18+
Hispanic or Latino can be of any race. Population history of The Colony ›
Education in The Colony
47.7% of adults 25 and older in The Colony have a bachelor's degree or higher (Texas: 33.8%), and 12.3% have a graduate or professional degree.
Jobs and commute in The Colony
- Unemployment rate
- 4.1%State: 5.3%
- Average commute
- 27 minState: 27 min
- Work from home
- 23.8%
- Drive alone
- 67.8%
- Public transit
- 0%
- Walk to work
- 0.7%
- Homes with broadband
- 97.6%
The Colony vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| The Colony | 45,454 | $114,511 | $383,900 | $1,958 |
| Hebron | 253 | $218,424 | $478,600 | $1,225 |
| Hackberry | 2,979 | $109,769 | $416,600 | $2,208 |
| Lewisville | 131,080 | $89,233 | $378,500 | $1,670 |
| Lakewood Village | 627 | $152,000 | $522,200 | — |
| Frisco | 219,304 | $150,212 | $642,100 | $2,014 |
| Carrollton | 133,740 | $101,396 | $381,000 | $1,735 |
| Little Elm | 54,820 | $119,219 | $420,700 | $1,953 |
| Lake Dallas | 7,822 | $76,879 | $269,000 | $1,519 |
More for people moving to The Colony
The Colony ZIP code ›Weather and climate ›Living in The Colony: FAQ
What is the median household income in The Colony, TX?
The median household income in The Colony is $114,511, 46% higher than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in The Colony?
The median home value in The Colony is $383,900, compared with $283,800 in Texas.
How much is rent in The Colony?
The median gross rent in The Colony is $1,958 per month, about 26.7% of household income.
Is The Colony, TX a good place to live?
Pluses: median household income 46% higher than the Texas median; unemployment of 4.1%; a poverty rate of 6.7%. Minuses: home values 35% higher than the state median; an average commute of 27 minutes.
What is the median age in The Colony?
The median age in The Colony is 37.8 years (Texas: 35.6).
How long is the commute in The Colony?
The average commute to work in The Colony is 27 minutes; 23.8% of workers work from home.
What is the unemployment rate in The Colony?
The unemployment rate in The Colony is 4.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is The Colony?
47.7% of adults in The Colony 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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