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Incorporated:
1977

Form of Government:
Council Manager with a Mayor and six council members

Elevation:
546 feet

County:
Denton

Land Area:
13.7 square miles

Zip Code:
75056

Distance from DFW airport:
19.7 miles

Population:
39,734

The Colony: 2010 projected – 52,960

Five-mile radius: 73,000

Eight-mile radius: 363,000

Nearest city with pop. 50,000+: Carrollton, TX (7.0 miles, pop. 109,576)

Nearest city with pop. 200,000+: Plano, TX (9.9 miles, pop. 222,030)

Nearest city with pop. 1,000,000+: Dallas, TX (21.2 miles, pop. 1,188,580)

Nearest cities:

Plano , TX
(4.0 miles)

Little Elm, TX
(5.9 miles)

Frisco , TX
(6.0 miles)
Carrollton , TX
(7.0 miles)

Lewisville , TX
(9.1 miles)

Addison , TX
(9.8 miles)

Average Household Income:
$86,255

Median House Value:
$131,104

Average Age:
31.45

Median Age:
31.11

Education:

  • Lewisville Independent School District; 91.1% passing rate for TAAS test, compared to state average of 82.1%
  • The Colony High School is one of the top 5 schools in the state to be given highest rating of "exemplary."
  • 42% of the population is college-educated (24% bachelor or graduate degree).

Summary Demographic Data:
The Colony compared to Texas state average.
  • Median household income above state average.
  • Unemployed percentage below state average.
  • Hispanic race population percentage significantly above state average.
  • Median age significantly below state average.
  • Foreign-born population percentage significantly above state average.
  • Renting percentage below state average.
  • Length of stay since moving in significantly below state average.
  • House age significantly below state average.

Taxes, Wages & Labor:

Tax Profile:

City of Colony: 0.69750
Denton County: 0.23589
Lewisville ISD: 1.37000
Total: 2.586292 per $100 in Valuation

Sales Tax Rate:
State: 6.25%

Economic Development Sales Tax: 0.50%

Community Development Sales Tax: 0.50%

Municipal: 1.00%

Average Wage Data:

Industrial Labor/Assembly: Low - $5.92 High - $13.41
General Maintenance: Low - $5.15 High - $14.86
Garment: Low - $5.58 High - $58.25
Office, Clerical & Technical: Low - $6.23 High - $18.23

% in Labor Force over 16:
63.9%

2007 Retail Outlook