The Colony, TX (zip code 75056) is a thriving area situated in the Dallas-Fort Worth metropolitan area. The cost of living here is slightly higher than the US average as it offers a variety of amenities for its residents. For example, two bedroom rental prices in this zip code are $1,810 while the US average is $1,430. Grocery costs are also slightly higher than the US average index (101 vs 100). There are many local businesses in The Colony, such as Kroger and Walmart supermarkets, Lowes Home Improvement store, several restaurants and banks like Bank of America and Chase. This vibrant community provides plenty of opportunities for employment and recreation at an affordable cost of living.
The Colony (zip 75056) has an unemployment rate of 5.8%. The US average is 6.0%.
The Colony (zip 75056) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 45.6%, which is higher than the US average of 33.5%.
Tax Rates for The Colony (zip 75056)
- The Sales Tax Rate for The Colony (zip 75056) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for The Colony (zip 75056) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for The Colony (zip 75056)
- The average income of a The Colony (zip 75056) resident is $51,419 a year. The US average is $37,638 a year.
- The Median household income of a The Colony (zip 75056) resident is $100,568 a year. The US average is $69,021 a year.