Salary & Cost of Living in The Colony, TX
The Colony, TX: $56,103 median salary, cost of living index 86.8, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$56,103
$27/hr
Cost of Living
86.8
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
4.3%
rate
The Colony, TX Overview
Population
44,534
Median Salary
$56,103
Average Salary
$62,835
Avg Commute
20 min
Median Home Price
$257,000
Median Rent
$1,050/mo
Job Growth
+2.1%
Sales Tax
6.25%
The Colony is located in Texas with a population of 44,534. The median household salary is $56,103 per year ($27/hour), which is $3,281 below the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +2.1%.
The Colony Salary by Experience Level (2026)
Wage distribution in The Colony, TX based on BLS percentile breakdown of the $56,103 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $34,784 | $16.72/hr | 0–2 years |
| Mid-Level (Median) | $56,103 | $26.97/hr | 3–7 years |
| Senior-Level | $79,666 | $38.30/hr | 8–15 years |
| Top 10% (90th Percentile) | $99,863 | $48.01/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
The Colony Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in The Colony, TX, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$47,117
$3,926.44/month · $1,812.20/biweekly · Effective Rate: 16.0%
Gross Pay
$56,103
Federal Tax
-$4,694
State Tax
$0
Local Tax
$0
FICA
-$4,292
Net Pay
$47,117
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,675.25 | $56,103.00 |
| Federal Income Tax | -$391.16 | -$4,693.86 |
| Texas State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$289.87 | -$3,478.39 |
| Medicare (1.45%) | -$67.79 | -$813.49 |
| Net Take-Home Pay | $3,926.44 | $47,117.26 |
Salary Comparison: The Colony vs Other Cities
See how The Colony's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| The Colony, TX | $56,103 | 86.8 | $64,635 |
| National Average | $59,384 | 100 | $59,384 |
| Mechanicsville, VA | $56,089 | 106 | $52,914 |
| Stonecrest, GA | $56,132 | 94.4 | $59,462 |
| Jamestown, NY | $56,072 | 132.6 | $42,287 |
| North Miami, FL | $56,053 | 105.2 | $53,282 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in The Colony
The Colony's cost of living index is 86.8 (national average = 100). Living in The Colony is 13.200000000000003% less expensive than the national average.
Median Home Price
$257,000
Median Monthly Rent
$1,050
Annual Rent Cost
$12,600
Your Salary's Purchasing Power
Your $47,117 annual take-home pay in The Colony has the purchasing power of approximately $54,283 in an average-cost US area. Your $56,103 salary stretches further here than in most US cities.
Top Industries in The Colony
The Colony's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $56,103.
Salary Tips for The Colony Workers
- Your salary goes further here. The Colony has a cost of living 13.200000000000003% below the national average. A salary of $56,103 here has the purchasing power of about $64,635 in an average-cost area.
- No state income tax advantage. Texas has no state income tax, which means more of your paycheck stays in your pocket. Invest the savings in a Roth IRA or 401(k) for long-term growth.
- Research top industries. The Colony's top industries include Energy, Technology, Healthcare. Targeting roles in these sectors can help you earn above the $56,103 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Methodology & Local Economy Data Sources
How we calculate The Colony salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the The Colony-TX metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with The Colony indexed at 86.8.
- Median salary calculation: weighted average of The Colony's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $56,103 annual median.
- Tax burden reflects Texas state income tax (0%) (no local income tax), sales tax (6.25%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for The Colony: 4.3%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Energy, Technology, Healthcare — based on QCEW employment concentration data.
- Job growth: 2.1% projected through 2034, derived from BLS Employment Projections program for Texas.
- Housing context: median home price $257,000, median rent $1,050/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for The Colony, TX:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — The Colony unemployment rate
- U.S. Census Bureau — The Colony QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — Texas — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. The Colony's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent Texas labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
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Frequently Asked Questions
What is the median salary in The Colony, TX?
The median salary in The Colony, TX is $56,103 per year, or $27 per hour. The average salary is $62,835. This is $3,281 below the national median of $59,384.
What is the cost of living in The Colony, TX?
The Colony's cost of living index is 86.8 (national average = 100), meaning it is 13.200000000000003% less expensive compared to the national average. The median home price is $257,000 and the median monthly rent is $1,050.
What are the best industries in The Colony?
The top industries in The Colony, TX include Energy, Technology, Healthcare. The city has a job growth rate of 2.1% and an unemployment rate of 4.3%. Workers in these industries often earn above the city's median salary of $56,103.
How does The Colony's salary compare to other cities?
The Colony's median salary of $56,103 is 5.5% below the national median of $59,384. However, when adjusted for cost of living (index: 86.8), the real purchasing power is approximately $64,635.
What is the minimum wage in The Colony, TX?
The minimum wage in The Colony, TX is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.