Colony, AL
Population 261 · Alabama
About Colony, AL
Colony is a small community located in Alabama with a population of 261 residents according to the latest US Census Bureau American Community Survey data. The median household income is $43,750 per year, which is 42% below the national median of $75,149. The median age of 42.2 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 Colony features a median home value of $60,800, which is 75% below the national median of $244,900. This makes Colony one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $638, 45% below the national average of $1,163/month. Of the 127 total housing units, 80% are owner-occupied (80 units) and 20% are renter-occupied (20 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Colony shows an unemployment rate of 8.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 17.2%, above the national average of 12.4%. Workers in Colony have an average one-way commute time of 20.9 minutes.
Education & Demographics
6.7% of Colony residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.1% of the population being foreign-born.
How Colony Ranks in Alabama
Cost of Living in Colony, AL
Compared to national averages, Colony has a median household income of $43,750 (42% below the national median of $75,149). Home values average $60,800, which is 75% below the national median. Monthly rent at $638 is 45% below the US average of $1,163. Within Alabama, Colony's income is 25% below the state average of $57,952, and home values are 62% below the state median of $159,358.
Why Live in Colony, AL?
Colony offers affordable housing with a median home value of $60,800, below the US average of $244,900, and rent that’s lower than the national average at $638/month, and short commute times averaging just 20.9 minutes.
Potential considerations include median household income ($43,750) that falls below the national average. However, Colony’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Colony has a population of 261 with a median age of 42.2 years. Compare Colony with other cities to see how it stacks up, or explore all cities in Alabama.
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Cities in Alabama with a similar population size.
Demographics
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Economy & Education
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Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Colony
What is the population of Colony, AL?
The population of Colony, AL is 261 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Alabama.
What is the median household income in Colony?
The median household income in Colony, AL is $43,750 per year, which is 42% below the national median of $75,149.
What is the median home value in Colony?
The median home value in Colony, AL is $60,800, which is 75% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Colony?
The median monthly rent in Colony, AL is $638, which is 45% below the national average of $1,163/month.
What is the unemployment rate in Colony?
The unemployment rate in Colony, AL is 8.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Colony, AL a good place to live?
Colony offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 261 and a median age of 42.2, the city appeals to a broad range of residents.
How educated is Colony, AL?
6.7% of residents in Colony aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Colony?
Key cost-of-living indicators for Colony, AL: median home value is $60,800 (75% below national), median rent is $638/month, and median household income is $43,750. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Colony?
The poverty rate in Colony, AL is 17.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Colony, AL?
Colony's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 83.1% two or more races. 1.1% of residents are foreign-born.