Is The Colony, Texas a Good Place To Live? - Living In The Colony, TX

Is The Colony, Texas a good place to live?
The Colony is a city in Texas state in USA with a population of 43791 residents.. The poverty rate of The Colony is 5.7%, which is 59% lower than national average. The typical household in The Colony earns $87748 a year, compared to the national median of $67,500. Nearly 20.9% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in The Colony, only 94% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of The Colony remained 3.4%, which is 28% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In The Colony, only 42% of adults have a bachelor's degree and 32% have some college but no degree.

Cost of living in The Colony is 102, which is 2% higher than national average. Median home value in The Colony is $244400 , which is 6% higher than national average. While median income in The Colony remained $87748, which is 30% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
43791
Unemployment
3.4%
28% NAT AVG.
Poverty
5.7%
59% NAT AVG.
Overall Score
7.5
Median Home Cost
$244400
6% NAT AVG.
Median Income
$87748
30% NAT AVG.
Median Rent
$1481
28% NAT AVG.
Cost Of Living
102
2% NAT AVG.
People Living BPL
1 in 18
Unemployed People
1 in 29
People Earning < $10,000
1 in 33
People Earning < $50,000
20.9%
People with <= High School
1 in 3.8
People With Any Degree
1 in 2
Pros & Cons Overview

Jobs85%

Housing85%

Affordability70%

Safety90%

Amenities90%

Diversity95%

Education85%

Commute60%