The Colony is a medium-sized city located in the state of Texas. With a population of 45,367 people and 15 associated neighborhoods, The Colony is the 81st largest community in Texas. Much of the housing stock in The Colony was built relatively recently. The construction of new real estate can often be taken as an indication that the local The Colony economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in The Colony, where the median household income is $106,518.00.
The Colony real estate is some of the most expensive in Texas, although The Colony house values don't compare to the most expensive real estate in the U.S.
Also of interest is that The Colony has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 19.39% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
The city of The Colony is a decent size, but despite this, it doesn't have a viable public transit system that people can use to get to work.
The Colony is one of the most well-educated cities in the nation. 46.39% of adults in The Colony have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.
The per capita income in The Colony in 2022 was $55,951, which is wealthy relative to Texas and the nation. This equates to an annual income of $223,804 for a family of four.
The Colony is an extremely ethnically-diverse city. The people who call The Colony home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of The Colony residents report their race to be White, followed by Black or African-American. The Colony also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 21.16% of the city’s residents. Important ancestries of people in The Colony include German, English, Irish, Italian, and Polish.
The most common language spoken in The Colony is English. Other important languages spoken here include Spanish and Korean.