Colony, AL vs Waterloo, AL

Colony, AL and Waterloo, AL have a very similar cost of living, with only a 2.6% difference in their overall index. Colony scores 56 while Waterloo scores 57 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Colony is $638/month compared to $663/month in Waterloo — a 4% difference. Home values follow the same pattern: Colony is more affordable at $60,800 median vs $92,000.

Median household income in Colony is $43,750 compared to $29,219 in Waterloo (+49.7%). Colony offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Colony spend roughly 17.5% of their income on rent, less than the 27.2% in Waterloo.

Climate-wise, both cities share similar average temperatures (59.9°F vs 60.7°F). Colony receives more rainfall at 58.7" per year compared to 57.6" in Waterloo.