The Colony, Texas is a small city with a population of just over 40,000. Young professionals should fit right in, as they account for an above-average 19% of the population, while retirees account for a smaller percentage of the city. Overall, the city's population, at an average age of just under 35, skews younger than most cities in Texas. Home ownership is more common than renting in the area, and 40% of residents rent. With an average rent of $1,393 a month, exceeding the state average by $365 per month, relatively high rent costs may be a contributing factor in the higher levels of ownership.
Compared to the national average (13%), The Colony has a relatively large concentration of college graduates, as 17% of the city's residents over the age of 25 possess a Bachelor's Degree. Furthermore, 22% have earned a Bachelor's, Master's, Professional, or Doctoral degree. There are plenty of industries from which to choose in The Colony, the most common four of which are retail, entertainment, finance, and scientific. Together, these industries make up 29% of the workforce in the city. Meanwhile, in terms of job function, many of the city's workers are in sales, which ranks as the top career path in the city. The Colony workers earn an average annual income of around $88K, more than the Texas average. The city's average income also compares favorably to the national average of $73,345.
Averaging about 32 minutes, The Colony's commute time is slower than the Texas average of about 27 minutes. Many residents (53%) commute to work by car, while public transit isn't extensively used. Walking isn't a common way to get to work.