Colp, IL
Population 187 · Illinois
About Colp, IL
Colp is a small community located in Illinois with a population of 187 residents according to the latest US Census Bureau American Community Survey data. The median household income is $31,250 per year, which is 58% below the national median of $75,149. The median age of 43.3 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 Colp features a median home value of $73,600, which is 70% below the national median of $244,900. This makes Colp one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $99, 91% below the national average of $1,163/month. Of the 108 total housing units, 84% are owner-occupied (72 units) and 16% are renter-occupied (14 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Colp shows an unemployment rate of 9.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 52.4%, above the national average of 12.4%. Workers in Colp have an average one-way commute time of 29.5 minutes.
Education & Demographics
17.2% of Colp 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, 2.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Colp Ranks in Illinois
Cost of Living in Colp, IL
Compared to national averages, Colp has a median household income of $31,250 (58% below the national median of $75,149). Home values average $73,600, which is 70% below the national median. Monthly rent at $99 is 91% below the US average of $1,163. Within Illinois, Colp's income is 58% below the state average of $75,072, and home values are 56% below the state median of $165,779.
Why Live in Colp, IL?
Colp offers affordable housing with a median home value of $73,600, below the US average of $244,900, and rent that’s lower than the national average at $99/month.
Potential considerations include median household income ($31,250) that falls below the national average. However, Colp’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Colp has a population of 187 with a median age of 43.3 years. Compare Colp with other cities to see how it stacks up, or explore all cities in Illinois.
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Demographics
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Economy & Education
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Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Colp
What is the population of Colp, IL?
The population of Colp, IL is 187 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Colp?
The median household income in Colp, IL is $31,250 per year, which is 58% below the national median of $75,149.
What is the median home value in Colp?
The median home value in Colp, IL is $73,600, which is 70% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Colp?
The median monthly rent in Colp, IL is $99, which is 91% below the national average of $1,163/month.
What is the unemployment rate in Colp?
The unemployment rate in Colp, IL is 9.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Colp, IL a good place to live?
Colp offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 187 and a median age of 43.3, the city appeals to a broad range of residents.
How educated is Colp, IL?
17.2% of residents in Colp 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 Colp?
Key cost-of-living indicators for Colp, IL: median home value is $73,600 (70% below national), median rent is $99/month, and median household income is $31,250. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Colp?
The poverty rate in Colp, IL is 52.4%, 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 Colp, IL?
Colp's population is 0.0% White, 2.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 17.6% two or more races. 0.0% of residents are foreign-born.