Colo, IA
Population 751 · Iowa
About Colo, IA
Colo is a small community located in Iowa with a population of 751 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,125 per year, which is 3% below the national median of $75,149. The median age of 42.8 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 Colo features a median home value of $147,400, which is 40% below the national median of $244,900. This positions Colo in a moderately priced market relative to the rest of the country. Median monthly rent is $1,200, 3% above the national average of $1,163/month. Of the 371 total housing units, 85% are owner-occupied (295 units) and 15% are renter-occupied (52 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Colo shows an unemployment rate of 5.1%, which is near the national rate of 3.7%. The poverty rate stands at 2.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Colo have an average one-way commute time of 29.1 minutes.
Education & Demographics
19.3% of Colo 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 2.5% White, 1.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in Colo, IA
Compared to national averages, Colo has a median household income of $73,125 (3% below the national median of $75,149). Home values average $147,400, which is 40% below the national median. Monthly rent at $1,200 is 3% above the US average of $1,163. Within Iowa, Colo's income is 8% above the state average of $67,947, and home values are 11% above the state median of $132,237.
Why Live in Colo, IA?
Colo offers affordable housing with a median home value of $147,400, below the US average of $244,900, and a low poverty rate of 2.9%, better than the national average.
Potential considerations include median household income ($73,125) that falls below the national average. However, Colo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Colo has a population of 751 with a median age of 42.8 years. Compare Colo with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Colo
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Shellsburg | 752 | $69,750 | $184,100 | Compare |
| Quasqueton | 749 | $64,531 | $128,100 | Compare |
| Early | 757 | $76,083 | $83,500 | Compare |
| Hubbard | 757 | $68,690 | $96,100 | Compare |
| Manilla | 761 | $66,875 | $94,800 | Compare |
| Latimer | 763 | $71,250 | $101,500 | Compare |
| Middle Amana | 739 | $96,211 | $251,500 | Compare |
| New Hartford | 763 | $67,054 | $112,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Colo With Other Cities
Frequently Asked Questions about Colo
What is the population of Colo, IA?
The population of Colo, IA is 751 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Colo?
The median household income in Colo, IA is $73,125 per year, which is 3% below the national median of $75,149.
What is the median home value in Colo?
The median home value in Colo, IA is $147,400, which is 40% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Colo?
The median monthly rent in Colo, IA is $1,200, which is 3% above the national average of $1,163/month.
What is the unemployment rate in Colo?
The unemployment rate in Colo, IA is 5.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Colo, IA a good place to live?
Colo offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 751 and a median age of 42.8, the city appeals to a broad range of residents.
How educated is Colo, IA?
19.3% of residents in Colo 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 Colo?
Key cost-of-living indicators for Colo, IA: median home value is $147,400 (40% below national), median rent is $1,200/month, and median household income is $73,125. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Colo?
The poverty rate in Colo, IA is 2.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Colo, IA?
Colo's population is 2.5% White, 1.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.1% of residents are foreign-born.