Cost of Living in The colony, TX

Housing

The housing market plays a significant role in determining the cost of living in The colony, TX.

• Housing Index: 110.0 / 100
• Median Home Price is: $413000
• Average Rent (2 BR Apartment): $1900 per month
• Average Rent (2 BR House): $2000 per month

In The colony, TX, the housing index stands at 110.0, indicating a slightly above-average cost of living. The median home price is 413000, while renters can expect to pay around 1900 for a 2-bedroom apartment or 2000 for a house. It's essential to consider not only these figures but also local amenities, job opportunities, and lifestyle preferences when making your decision. Additionally, with housing costs consistently rising, investing in real estate now could offer long-term benefits in appreciation and equity.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in The colony, TX.

• Electricity Price: 14.47 USD (median by state)
• Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in The colony, TX could entail higher utility costs. Electricity costs sit at 14.47, while natural gas is priced at 26.29 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 103.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $106518

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to The colony, TX, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.