Colonie, NY
Population 7,705 · New York
About Colonie, NY
Colonie is a small town located in New York with a population of 7,705 residents according to the latest US Census Bureau American Community Survey data. The median household income is $100,396 per year, which is 34% above the national median of $75,149. The median age of 45.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Colonie features a median home value of $270,800, which is 11% above the national median of $244,900. This positions Colonie in a moderately priced market relative to the rest of the country. Median monthly rent is $1,494, 28% above the national average of $1,163/month. Of the 3,223 total housing units, 79% are owner-occupied (2,509 units) and 21% are renter-occupied (652 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Colonie shows an unemployment rate of 2.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Colonie have an average one-way commute time of 19.4 minutes, one of the shorter commutes in the region.
Education & Demographics
35.4% of Colonie residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.3% White, 1.1% Hispanic or Latino, 2.4% Black or African American, and 0.6% Asian residents, with 10.1% of the population being foreign-born.
Cost of Living in Colonie, NY
Compared to national averages, Colonie has a median household income of $100,396 (34% above the national median of $75,149). Home values average $270,800, which is 11% above the national median. Monthly rent at $1,494 is 28% above the US average of $1,163. Within New York, Colonie's income is 4% above the state average of $96,987, and home values are 30% below the state median of $387,181.
Why Live in Colonie, NY?
Colonie offers a strong local economy with a median household income of $100,396, well above the national average, and a strong job market with an unemployment rate of just 2.1%, and a well-educated community where 35.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.0%, better than the national average, and short commute times averaging just 19.4 minutes.
Colonie has a population of 7,705 with a median age of 45.4 years. Compare Colonie with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Colonie
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Geneseo | 7,700 | $44,830 | $207,700 | Compare |
| Manhasset | 7,730 | $180,776 | $1,338,700 | Compare |
| Baldwinsville | 7,732 | $80,104 | $183,600 | Compare |
| Ilion | 7,636 | $61,880 | $100,800 | Compare |
| Westmere | 7,616 | $86,398 | $291,200 | Compare |
| Port Jefferson Station | 7,605 | $117,087 | $472,400 | Compare |
| Hewlett | 7,599 | $135,139 | $609,800 | Compare |
| Baywood | 7,577 | $112,546 | $411,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Colonie With Other Cities
Frequently Asked Questions about Colonie
What is the population of Colonie, NY?
The population of Colonie, NY is 7,705 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Colonie?
The median household income in Colonie, NY is $100,396 per year, which is 34% above the national median of $75,149.
What is the median home value in Colonie?
The median home value in Colonie, NY is $270,800, which is 11% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Colonie?
The median monthly rent in Colonie, NY is $1,494, which is 28% above the national average of $1,163/month.
What is the unemployment rate in Colonie?
The unemployment rate in Colonie, NY is 2.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Colonie, NY a good place to live?
Colonie offers above-average incomes, a competitive housing market, and a strong job market. With a population of 7,705 and a median age of 45.4, the city appeals to established professionals and retirees.
How educated is Colonie, NY?
35.4% of residents in Colonie aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Colonie?
Key cost-of-living indicators for Colonie, NY: median home value is $270,800 (11% above national), median rent is $1,494/month, and median household income is $100,396. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Colonie?
The poverty rate in Colonie, NY is 6.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Colonie, NY?
Colonie's population is 0.3% White, 1.1% Hispanic or Latino, 2.4% Black or African American, 0.6% Asian, and 4.8% two or more races. 10.1% of residents are foreign-born.