Colonie, NY Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
107
Colonie's Overall Cost Of Living
1.1x
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:

105 out of 340
In New York
3,867 out of 6,412
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
For more reading on cost of living around New York, check out:
Colonie Cost of Living Vs. NY

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
Search Homes For Sale In Colonie, NY
$237,600
Median Home Value
$1,312
Median Rent
$96,495
Median Income

Colonie, NY Costs By Category

Detailed Colonie Services Costs Vs. New York

Item Colonie New York
Shampoo $1.06 $1.06
Movie $14.09 $10.68
Bowling $17.0 $14.67
Haircut $21.64 $18.62
Beauty Salon $45.78 $39.05

Detailed Colonie Groceries Costs Vs. New York

Item Colonie New York
Ground Beef $3.6 $4.22
Fried Chicken $1.56 $1.39
Milk $2.44 $2.05
Potatoes $3.46 $3.29
Pizza $10.52 $10.62
Beer $9.93 $9.38
Toothpaste $2.41 $2.34

Detailed Colonie Health Costs Vs. New York

Item Colonie New York
Optometrist $142.69 $108.57
Doctor $102.25 $116.17
Dentist $110.33 $99.13

Detailed Colonie Transportation Costs Vs. New York

Item Colonie New York
Gasoline $2.36 $2.22
Tire Balancing $48.79 $50.07

Detailed Colonie Utilities Costs Vs. New York

Item Colonie New York
All Electricity $163.41 $167.67
Phone $188.21 $175.64

Colonie SnackAbility

7
/10
Overall SnackAbility
Jobs
9/10
Housing
8.5
Affordability
8.5
Diversity
7
Safety
7
Amenities
8.5
Education
8
Commute
8.5

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

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