Employment
With higher than average median household income, income per capita and lower unemployment rates, this area scores extremely well in the employment category.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Amenities
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Ratings
Through surveys and polls, AreaVibes obtained feedback from local residents in the area, and the results did not indicate a favorable outlook on factors like local amenities and the safety of the area.
Located in the state of Texas, The Colony is a mid-sized city with a population of 43,791 people. The Colony has a population density of 3,126 people per square mile. This would be considered well above the national population density level. At 70%, the majority of the The Colony population is White; this is followed by 11% Black and 6% Asian. The average American spends about 26 minutes on their one way commute to work each day. Lower travel times can increase overall happiness and allow for more time to be spent with family and friends. While living in The Colony, your commute times will be about average, with a one way commute time of 28 minutes.
Without the right tools, moving to any new town can be very stressful and challenging. Living in The Colony, Texas could be a fulfilling experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. With useful information like crime, cost of living, health & safety, education, housing and other key data points, finding the best places to live in The Colony and in the areas around The Colony is a much easier task.
Using data and statistics The Colony has received a livability score of 66/100. This score is ranked in the 65th percentile when compared to all other cities. If we dig down a little deeper into each category within the livability score, we see that The Colony has higher than average rankings for the following: cost of living (B) and employment (A+). There are some categories that The Colony does not rank well for, including: amenities (F). It might be worth taking a closer look to determine why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In The Colony, the unemployment rate stands at 2.72%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The The Colony market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in The Colony. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in The Colony are affordable. Median real estate prices in The Colony come in at $244,400, which is 71.3% higher than the Texas average. The home price to income ratio compares the median home prices to the median household income. In The Colony, the home price to income ratio is 2.8, which is 7.7% higher than the Texas average.
| Statistic | The Colony | Texas | National |
| Average one way commute | 28min | 26min | 26min |
| Workers who drive to work | 80.5% | 80.3% | 76.4% |
| Workers who carpool | 7.4% | 10.6% | 9.3% |
| Workers who take public transit | 0.4% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 0.8% | 1.6% | 2.8% |
| Working from home | 9.2% | 4.3% | 4.6% |
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