Colonie, NY Cost Of Living
Cost Of Living In Colonie, NY Summary
Cost of living in Colonie research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Colonie is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Colonie is 107, with 100 being the average.
The cost of living index in Colonie is 1.1x higher than the national average.
Colonie ranks as the #105 cheapest in New York out of 340.
Colonie ranks as the #3,867 cheapest out of 6,412 in the US.
The median home value in Colonie is $237,600.
The median income in Colonie is $96,495.
Table Of Contents
Colonie's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Colonie, NY?
According to the most recent data on the cost of living, Colonie has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.
Compared to New York, Colonie has a cost of living index that's 0.8x lower than New York's index of 126.
The standard of living in Colonie ranks as #105 most affordable out of the 340 places we measured in New York. By definition, that implies Colonie ranks as the #235 most expensive place in the Empire State.
For more reading on life in Colonie, check out:
- Living In Colonie
- Colonie Crime Report
- Search Homes For Sale In Colonie, NY
In New York
In America
Colonie Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Colonie. Here is how it fairs on each of the criteria:
The Services index in Colonie is 111.
The Groceries index in Colonie is 113.
The Health index in Colonie is 105.
The Housing index in Colonie is 111.
The Transportation index in Colonie is 106.
The Utilities index in Colonie is 100.
| Living Expense | Colonie | New York | National Average | |
|---|---|---|---|---|
| Overall | 107 | 126 | 100 | |
| Services | 111 | 110 | 100 | |
| Groceries | 113 | 104 | 100 | |
| Health | 105 | 105 | 100 | |
| Housing | 111 | 175 | 100 | |
| Transportation | 106 | 107 | 100 | |
| Utilities | 100 | 102 | 100 | |
Colonie, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Colonie is $237,600.
The Median Rent in Colonie is $1,312.
The Median Income in Colonie is $96,495.
The Home Value To Income in Colonie is 2.5x.
The Rent To Monthly Income in Colonie is 0.16x.
| Statistic | Colonie | New York | United States |
|---|---|---|---|
| Median Home Value | $237,600 | $340,600 | $244,900 |
| Median Rent | $1,312 | $1,390 | $1,163 |
| Median Income | $96,495 | $75,157 | $69,021 |
| Home Value To Income | 2.5x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Colonie, NY Costs By Category
Detailed Colonie Services Costs Vs. New York
Detailed Colonie Groceries Costs Vs. New York
Detailed Colonie Health Costs Vs. New York
Detailed Colonie Transportation Costs Vs. New York
Detailed Colonie Utilities Costs Vs. New York
Colonie SnackAbility
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Cost Of Living In Cities Around Colonie
The cost of living varies in the cities and towns around Colonie. Here's a quick look at the cost of living in the most populous nearby places:
Albany, NY has a cost of living index of 104, 1.0x Colonie.
Schenectady, NY has a cost of living index of 97, 0.9x Colonie.
Rotterdam, NY has a cost of living index of 104, 1.0x Colonie.
| City | Population | Cost Of Living | Vs. Colonie |
|---|---|---|---|
| Albany, NY | 99,402 | 104 | 1.0x |
| Schenectady, NY | 66,809 | 97 | 0.9x |
| Rotterdam, NY | 22,584 | 104 | 1.0x |
| Niskayuna, NY | 20,369 | 110 | 1.0x |
| Cohoes, NY | 17,931 | 101 | 0.9x |
| East Glenville, NY | 11,687 | 109 | 1.0x |
| Watervliet, NY | 10,363 | 97 | 0.9x |
| Rensselaer, NY | 9,330 | 100 | 0.9x |
| Westmere, NY | 7,730 | 111 | 1.0x |
| Scotia, NY | 7,305 | 98 | 0.9x |
