Colona, IL
Population 5,189 · Illinois
About Colona, IL
Colona is a small town located in Illinois with a population of 5,189 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,558 per year, which is 2% above the national median of $75,149. The median age of 40.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Colona features a median home value of $152,100, which is 38% below the national median of $244,900. This positions Colona in a moderately priced market relative to the rest of the country. Median monthly rent is $881, 24% below the national average of $1,163/month. Of the 2,342 total housing units, 83% are owner-occupied (1,751 units) and 17% are renter-occupied (357 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Colona shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Colona have an average one-way commute time of 24.3 minutes.
Education & Demographics
17.6% of Colona 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 7.9% White, 2.6% Hispanic or Latino, 0.0% Black or African American, and 0.8% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in Colona, IL
Compared to national averages, Colona has a median household income of $76,558 (2% above the national median of $75,149). Home values average $152,100, which is 38% below the national median. Monthly rent at $881 is 24% below the US average of $1,163. Within Illinois, Colona's income is 2% above the state average of $75,072, and home values are 8% below the state median of $165,779.
Why Live in Colona, IL?
Colona offers a strong local economy with a median household income of $76,558, well above the national average, and affordable housing with a median home value of $152,100, below the US average of $244,900, and rent that’s lower than the national average at $881/month. Additionally, the city features a strong job market with an unemployment rate of just 1.4%, and a low poverty rate of 3.1%, better than the national average, and short commute times averaging just 24.3 minutes.
Colona has a population of 5,189 with a median age of 40.8 years. Compare Colona with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Colona
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Berkeley | 5,222 | $83,224 | $222,400 | Compare |
| Coal City | 5,145 | $73,030 | $211,600 | Compare |
| Highwood | 5,243 | $101,862 | $454,500 | Compare |
| Monee | 5,104 | $89,571 | $226,400 | Compare |
| Pana | 5,277 | $45,083 | $82,000 | Compare |
| Eureka | 5,095 | $55,172 | $154,600 | Compare |
| Grandwood Park | 5,311 | $124,847 | $313,000 | Compare |
| Pinckneyville | 5,055 | $55,000 | $117,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Colona With Other Cities
Frequently Asked Questions about Colona
What is the population of Colona, IL?
The population of Colona, IL is 5,189 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Colona?
The median household income in Colona, IL is $76,558 per year, which is 2% above the national median of $75,149.
What is the median home value in Colona?
The median home value in Colona, IL is $152,100, which is 38% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Colona?
The median monthly rent in Colona, IL is $881, which is 24% below the national average of $1,163/month.
What is the unemployment rate in Colona?
The unemployment rate in Colona, IL is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Colona, IL a good place to live?
Colona offers above-average incomes, affordable housing, and a strong job market. With a population of 5,189 and a median age of 40.8, the city appeals to a broad range of residents.
How educated is Colona, IL?
17.6% of residents in Colona 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 Colona?
Key cost-of-living indicators for Colona, IL: median home value is $152,100 (38% below national), median rent is $881/month, and median household income is $76,558. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Colona?
The poverty rate in Colona, IL is 3.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Colona, IL?
Colona's population is 7.9% White, 2.6% Hispanic or Latino, 0.0% Black or African American, 0.8% Asian, and 0.4% two or more races. 1.3% of residents are foreign-born.