Colleyville, TX

Very High · 226

Texas · Population 25,906 · Updated March 2026

$3,194
Median Rent / Month
$203,566
Median Income
$718,900
Median Home Value
$3,200
Owner Costs / Month

Affordability

How far your income goes in Colleyville

18.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Texas

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.25%
Sales Tax
1.6%
Property Tax Rate

Estimated Annual Costs

$38,328
Annual Rent
$0
State Income Tax
$11,502
Property Tax (est.)

Cost of Living Overview

Colleyville has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 226 (where 100 equals the national median), Colleyville residents can expect to pay median rent of $3,194/month while earning a median household income of $203,566/year.

The median home value in Colleyville, TX is $718,900, with typical monthly owner costs around $3,200 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Texas has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.25% sales tax rate and 1.6% effective property tax rate, the overall tax environment helps keep costs manageable in Colleyville.

Frequently Asked Questions

Common questions about living costs in Colleyville

What is the cost of living in Colleyville, TX?
The cost of living index in Colleyville, TX is 226 (US average = 100). Median monthly rent is $3,194, median household income is $203,566/year, and the median home value is $718,900.
Is Colleyville, TX affordable?
No, Colleyville is more expensive than the national average with a cost index of 226. The rent-to-income ratio is 18.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Colleyville, TX?
The median gross rent in Colleyville, TX is $3,194 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $38,328.
What is the median household income in Colleyville?
The median household income in Colleyville, TX is $203,566 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Texas?
Texas has a top income tax rate of 0%, a sales tax of 6.25%, and an effective property tax rate of 1.6%. Notably, there is no state income tax.