Colony, OK vs Shady Grove CDP (Cherokee County), OK

There is a significant gap in the cost of living between these two cities. Colony is 19.5% cheaper than Shady Grove CDP (Cherokee County). With a cost index of 68 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Colony to Shady Grove CDP (Cherokee County) should plan for substantially higher expenses across most categories.

On the housing front, median rent in Colony is $727/month compared to $1,297/month in Shady Grove CDP (Cherokee County) — a 44% difference. Interestingly, home values tell a different story: while Colony has cheaper rent, Shady Grove CDP (Cherokee County) actually has lower median home values ($165,100 vs $176,100).

Median household income in Colony is $39,516 compared to $53,750 in Shady Grove CDP (Cherokee County) (-26.5%). While Shady Grove CDP (Cherokee County) is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Colony spend roughly 22.1% of their income on rent, less than the 29% in Shady Grove CDP (Cherokee County).