Is Phoenix, AZ cheaper than The Colony, TX?

Based on cost of living data, Phoenix, AZ is 1.4% more expensive than The Colony, TX. This translates to spending an extra $105 per month.

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

If you earn $150,000 in The Colony, TX, you'd need approximately $151,263.425 in Phoenix, AZ to maintain the same standard of living.

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

Housing in Phoenix, AZ is 21.7% more expensive than in The Colony, TX. For a two-bedroom apartment, rent is $1,750/month in Phoenix, AZ compared to $1,812/month in The Colony, TX.

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

Living in Phoenix, AZ costs approximately $105 more per month than The Colony, TX, or $1263 more per year, based on a $150,000 salary.

The Colony, TX vs Phoenix, AZ: 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 $105/month more in Phoenix, AZ

$150.0K in your current city equals $151.3K in Phoenix, AZ

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

Overall Cost

↑ 1.4%

More expensive

Monthly Impact

$105

Extra cost

Annual Impact

$1.3K

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

Phoenix, AZ

Population:1608K

Cost Index:101

Median Home:$414K

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!

Phoenix, AZ

The Grand Canyon State

1.6M

Population

State Tax

Yes

Climate

Hot desert

Notable Facts

•Fastest growing major city
•Desert metropolis
•Spring training capital

Major Industries

TechnologyHealthcareTourismManufacturing

Cost Breakdown by Category

Annual spending: The Colony, TX vs Phoenix, AZ

Category	The Colony, TX	Phoenix, AZ	Difference	Change
🏠Housing	$2,290/mo	$2,788/mo	↑ $498more	21.7%
🚗Transportation	$1,246/mo	$1,489/mo	↑ $243more	19.5%
📦Other	$1,848/mo	$1,677/mo	↓ $171less	9.2%
🏥Healthcare	$619/mo	$589/mo	↓ $30.64less	4.9%
⚡All Utilities	$551/mo	$561/mo	↑ $9.70more	1.8%
🛒Groceries	$960/mo	$963/mo	↑ $3.74more	0.4%

🏠Housing

↑ 21.7%

The Colony, TX

$2,290

Phoenix, AZ

$2,788

Difference

$498

🚗Transportation

↑ 19.5%

The Colony, TX

$1,246

Phoenix, AZ

$1,489

Difference

$243

📦Other

↓ 9.2%

The Colony, TX

$1,848

Phoenix, AZ

$1,677

Difference

$171

less

🏥Healthcare

↓ 4.9%

The Colony, TX

$619

Phoenix, AZ

$589

Difference

$30.64

less

⚡All Utilities

↑ 1.8%

The Colony, TX

$551

Phoenix, AZ

$561

Difference

$9.70

🛒Groceries

↑ 0.4%

The Colony, TX

$960

Phoenix, AZ

$963

Difference

$3.74

🏠Rent Comparison

Studio

From$1,485

To$1,390

↓ $95.00

1 Bed

From$1,542

To$1,510

↓ $32.00

2 Bed

From$1,812

To$1,750

↓ $62.00

3 Bed

From$2,285

To$2,330

↑ $45.00

The Colony, TXZIP-level data

1BR range: $1,890–$1,890/mo

Phoenix, AZZIP-level data

1BR range: $1,300–$2,380/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

$8,068

Monthly in Phoenix, AZ

$553

Difference

Home Values

The Colony

Phoenix

$481K

Median Value

$414K

↓ -4.8%

YoY Change

↓ -3.1%

↑ +37.1%

5-Year Change

↑ +30.2%

$481K

Price Range

$274K - $957K

Homes in Phoenix are 14% less expensive than The Colony

Calculate payment - The Colony Calculate payment - Phoenix

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $5.2K

More taxes

Monthly Difference

$436

Less take-home

Effective Rate Diff

3.5%

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

Phoenix, AZ

Federal Income Tax

Effective: 18.9%

$25.5K

Arizona State Tax

Effective: 3.5%

$5.2K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 28.2%

$42.2K

Take-Home Pay

$8,979/month

$107.8K

Additional Tax Information

The Colony, TX Tax Rates

Sales Tax:8.2%

Property Tax:1.8%

Phoenix, AZ Tax Rates

Sales Tax:8.5%

Property Tax:0.6%

💡 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.