There are 20 retirement homes near The Colony, Texas. The average cost / day of retirment home living in Texas is $65, with costs ranging between $15 and $158 daily. On a per month basis, this equates to an average cost of $1,937, with costs ranging from around $453 up to $4,732. The average yearly cost is $23,248, which is above the nationwide average of $23,100.
Retirement home living costs in The Colony generally range from about $825 per month up to $4,950 per month, with an average cost of about $2,142 per month. This equates to an annual cost of about $25,697.
Located in Denton County, The Colony is a small city in the State of Texas. It is part of the Dallas-Fort Worth-Arlington metropolitan statistical area. It has a population of 47,852, with 5,016,388 residents in the surrounding metropolitan area. The 55-and-over community makes up 13% of the overall population.
The Colony has an excellent SeniorScore™ of 83. The city has an average per capita income of $37,000 and an average household income is $85,000 (the Texas state average is $47,000). The median home price in The Colony is $252,000, which is much more than the Texas average of $142,500. The city has a moderate unemployment rate of about 6.44%.
The Colony has ideal average temperatures, with very mild winters and very balmy summers. The city gets low amounts of rainfall annually. The Colony has a lower than average rate of crime and low air quality in relation to other American cities.