Coloma, MI
Population 1,051 · Michigan
About Coloma, MI
Coloma is a small town located in Michigan with a population of 1,051 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,778 per year, which is 16% below the national median of $75,149. The median age of 40.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Coloma features a median home value of $160,400, which is 35% below the national median of $244,900. This positions Coloma in a moderately priced market relative to the rest of the country. Median monthly rent is $956, 18% below the national average of $1,163/month. Of the 542 total housing units, 67% are owner-occupied (304 units) and 33% are renter-occupied (150 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Coloma shows an unemployment rate of 4.5%, which is near the national rate of 3.7%. The poverty rate stands at 7.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Coloma have an average one-way commute time of 22.5 minutes.
Education & Demographics
17.8% of Coloma 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 5.9% White, 0.5% Hispanic or Latino, 0.9% Black or African American, and 0.0% Asian residents, with 0.9% of the population being foreign-born.
Cost of Living in Coloma, MI
Compared to national averages, Coloma has a median household income of $62,778 (16% below the national median of $75,149). Home values average $160,400, which is 35% below the national median. Monthly rent at $956 is 18% below the US average of $1,163. Within Michigan, Coloma's income is 5% below the state average of $66,017, and home values are 13% below the state median of $183,391.
Why Live in Coloma, MI?
Coloma offers affordable housing with a median home value of $160,400, below the US average of $244,900, and rent that’s lower than the national average at $956/month, and a low poverty rate of 7.4%, better than the national average. Additionally, the city features short commute times averaging just 22.5 minutes.
Potential considerations include median household income ($62,778) that falls below the national average. However, Coloma’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Coloma has a population of 1,051 with a median age of 40.1 years. Compare Coloma with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Coloma
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lakeview | 1,049 | $30,865 | $152,900 | Compare |
| Brooklyn | 1,047 | $48,750 | $176,900 | Compare |
| Deckerville | 1,057 | $59,375 | $81,900 | Compare |
| Lake Linden | 1,042 | $42,961 | $93,200 | Compare |
| Vineyard Lake | 1,038 | $83,636 | $266,900 | Compare |
| Beaverton | 1,036 | $31,625 | $102,900 | Compare |
| Dollar Bay | 1,070 | $63,500 | $196,200 | Compare |
| Roscommon | 1,029 | $54,375 | $81,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Coloma With Other Cities
Frequently Asked Questions about Coloma
What is the population of Coloma, MI?
The population of Coloma, MI is 1,051 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Coloma?
The median household income in Coloma, MI is $62,778 per year, which is 16% below the national median of $75,149.
What is the median home value in Coloma?
The median home value in Coloma, MI is $160,400, which is 35% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Coloma?
The median monthly rent in Coloma, MI is $956, which is 18% below the national average of $1,163/month.
What is the unemployment rate in Coloma?
The unemployment rate in Coloma, MI is 4.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Coloma, MI a good place to live?
Coloma offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,051 and a median age of 40.1, the city appeals to a broad range of residents.
How educated is Coloma, MI?
17.8% of residents in Coloma 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 Coloma?
Key cost-of-living indicators for Coloma, MI: median home value is $160,400 (35% below national), median rent is $956/month, and median household income is $62,778. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Coloma?
The poverty rate in Coloma, MI is 7.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Coloma, MI?
Coloma's population is 5.9% White, 0.5% Hispanic or Latino, 0.9% Black or African American, 0.0% Asian, and 0.7% two or more races. 0.9% of residents are foreign-born.