Is Austin, TX cheaper than The Colony, TX?

Based on cost of living data, Austin, TX is 1.2% more expensive than The Colony, TX. The two cities have very similar living costs.

What salary do I need in Austin, TX to live like I do in The Colony, TX?

If you earn $150,000 in The Colony, TX, you'd need approximately $151,086.558 in Austin, TX to maintain the same standard of living.

How does housing cost compare between The Colony, TX and Austin, TX?

Housing in Austin, TX is 25.9% more expensive than in The Colony, TX. For a two-bedroom apartment, rent is $1,995/month in Austin, TX compared to $1,812/month in The Colony, TX.

How much can I save per month by moving from The Colony, TX to Austin, TX?

The Colony, TX and Austin, TX have very similar costs of living, based on a $150,000 salary.

The Colony, TX vs Austin, TX: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 The Colony, TX — ZIP-level rent data · COL adjusted from Plano, TX area

Current salary in The Colony, TX

Numbers update automatically as you type

You'd spend $90.55/month more in Austin, TX

$150.0K in your current city equals $151.1K in Austin, TX

Rent data from HUD ZIP-level estimates · COL index from Dallas-Fort Worth-Arlington, TX area

Overall Cost

↑ 1.2%

More expensive

Monthly Impact

$90.55

Extra cost

Annual Impact

$1.1K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

The Colony, TX

Population:45K

Cost Index:100

Median Home:$481K

Austin, TX

Population:979K

Cost Index:101

Median Home:$558K

The Colony, TX

The Lone Star State

45K

Population

State Tax

No Income Tax

Located in Texas, this city has a population of 45K residents.

💡 Advantage: Texas has no state income tax!

Austin, TX

The Lone Star State

979K

Population

State Tax

No Income Tax

Climate

Humid subtropical

Notable Facts

•Live music capital
•Major tech hub
•SXSW festival city

Major Industries

TechnologyMusic IndustryEducationGovernment

Cost Breakdown by Category

Annual spending: The Colony, TX vs Austin, TX

Category	The Colony, TX	Austin, TX	Difference	Change
🏠Housing	$2,290/mo	$2,885/mo	↑ $594more	25.9%
📦Other	$1,848/mo	$1,741/mo	↓ $107less	5.8%
🚗Transportation	$1,246/mo	$1,284/mo	↑ $38.11more	3.1%
🏥Healthcare	$619/mo	$589/mo	↓ $30.64less	4.9%
⚡All Utilities	$551/mo	$541/mo	↓ $10.52less	1.9%
🛒Groceries	$960/mo	$959/mo	↓ $0.25less	0.0%

🏠Housing

↑ 25.9%

The Colony, TX

$2,290

Austin, TX

$2,885

Difference

$594

📦Other

↓ 5.8%

The Colony, TX

$1,848

Austin, TX

$1,741

Difference

$107

less

🚗Transportation

↑ 3.1%

The Colony, TX

$1,246

Austin, TX

$1,284

Difference

$38.11

🏥Healthcare

↓ 4.9%

The Colony, TX

$619

Austin, TX

$589

Difference

$30.64

less

⚡All Utilities

↓ 1.9%

The Colony, TX

$551

Austin, TX

$541

Difference

$10.52

less

🛒Groceries

↓ 0.0%

The Colony, TX

$960

Austin, TX

$959

Difference

$0.25

less

🏠Rent Comparison

Studio

From$1,485

To$1,585

↑ $100

1 Bed

From$1,542

To$1,685

↑ $143

2 Bed

From$1,812

To$1,995

↑ $183

3 Bed

From$2,285

To$2,525

↑ $240

The Colony, TXZIP-level data

1BR range: $1,890–$1,890/mo

Austin, TXZIP-level data

1BR range: $1,490–$2,350/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,515

Monthly in The Colony, TX

$7,998

Monthly in Austin, TX

$483

Difference

Home Values

The Colony

Austin

$481K

Median Value

$558K

↓ -4.8%

YoY Change

↓ -5%

↑ +37.1%

5-Year Change

↑ +12.6%

$481K

Price Range

$272K - $1.26M

Homes in Austin are 16% more expensive than The Colony

Calculate payment - The Colony Calculate payment - Austin

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

→ $0

Same taxes

Monthly Difference

Same take-home

Effective Rate Diff

0.0%

Rate difference

The Colony, TX

Federal Income Tax

Effective: 18.9%

$25.5K

Texas State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Austin, TX

Federal Income Tax

Effective: 18.9%

$25.5K

Texas State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Additional Tax Information

The Colony, TX Tax Rates

Sales Tax:8.2%

Property Tax:1.8%

Austin, TX Tax Rates

Sales Tax:8.2%

Property Tax:1.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.