Taylor, TX vs The Colony, TX

There is a significant gap in the cost of living between these two cities. Taylor is 25.9% cheaper than The Colony. With a cost index of 90 vs 122, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Taylor to The Colony should plan for substantially higher expenses across most categories.

On the housing front, median rent in Taylor is $1,181/month compared to $1,884/month in The Colony — a 37% difference. Home values follow the same pattern: Taylor is more affordable at $246,800 median vs $355,100.

Median household income in Taylor is $71,665 compared to $111,090 in The Colony (-35.5%). While The Colony is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Taylor spend roughly 19.8% of their income on rent, less than the 20.4% in The Colony.

Climate-wise, Taylor is notably warmer with an average of 70°F compared to 66.6°F in The Colony. The Colony receives more rainfall at 37" per year compared to 36.3" in Taylor.