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Cost & Benefits

Cost of living in Colonie, New York

Simple answer

Typical rent is $1,570 a month.

Colonie is a village in New York. That rent number includes utilities. A typical household earns $103,983 a year.

People
7,702
Census average, 2020–2024
Typical rent
$1,570
Median gross rent, includes utilities
Typical pay
$103,983
Median household income, yearly
Typical home
$285,400
Median home value
2-bedroom fair rent
$1,711
Albany-Schenectady-Troy, NY MSA

Colonie, New York has about 7,702 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $285,400.

HUD's fair-market rent for a 2-bedroom in Albany County is $1,711 a month. That is the county number, not an apartment listing in Colonie. It runs from October 2026 through September 2027.

In the Albany-Schenectady-Troy, NY metro area, prices sit at 99.6 when the U.S. average is 100. That is a 2024 BEA index.

New York taxes wages. A typical combined sales tax is 8.5% as of January 1, 2026. That mix is statewide, not Colonie's exact store tax.

Some places in New York add a local wage tax. In 2023 the state average was about 1.60% of income. That is not a Colonie bill.

In July 2026, a typical New York home paid 29.90¢ per kilowatt-hour. That is a state average from EIA, not Colonie's bill.

In 2025, all-grades gas in New York averaged $3.18 a gallon. EIA prints this yearly price for only some states.

Among 745 places we list in New York with a rent figure, 353 have higher typical rent than Colonie.

Nearby places

EBT nearby

USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.

Locator page updated 2026-09-11. Last checked 2026-10-16.

Food stamps (SNAP) tools in New York

Bigger places in New York

Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.