Colon, MI
Population 1,432 · Michigan
About Colon, MI
Colon is a small town located in Michigan with a population of 1,432 residents according to the latest US Census Bureau American Community Survey data. The median household income is $53,750 per year, which is 28% below the national median of $75,149. The median age of 40.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Colon features a median home value of $123,700, which is 49% below the national median of $244,900. This makes Colon one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $745, 36% below the national average of $1,163/month. Of the 837 total housing units, 72% are owner-occupied (474 units) and 28% are renter-occupied (187 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Colon shows an unemployment rate of 5.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 15.3%, above the national average of 12.4%. Workers in Colon have an average one-way commute time of 21.9 minutes.
Education & Demographics
20.6% of Colon 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 0.6% White, 3.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.0% of the population being foreign-born.
Cost of Living in Colon, MI
Compared to national averages, Colon has a median household income of $53,750 (28% below the national median of $75,149). Home values average $123,700, which is 49% below the national median. Monthly rent at $745 is 36% below the US average of $1,163. Within Michigan, Colon's income is 19% below the state average of $66,017, and home values are 33% below the state median of $183,391.
Why Live in Colon, MI?
Colon offers affordable housing with a median home value of $123,700, below the US average of $244,900, and rent that’s lower than the national average at $745/month, and short commute times averaging just 21.9 minutes.
Potential considerations include median household income ($53,750) that falls below the national average. However, Colon’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Colon has a population of 1,432 with a median age of 40.2 years. Compare Colon with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Colon
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Burt | 1,430 | $92,596 | $184,000 | Compare |
| Shepherd | 1,438 | $76,591 | $147,800 | Compare |
| Fowler | 1,446 | $72,261 | $194,400 | Compare |
| Edmore | 1,417 | $53,750 | $86,800 | Compare |
| Breckenridge | 1,411 | $56,779 | $107,000 | Compare |
| Newberry | 1,453 | $49,758 | $65,800 | Compare |
| Shorewood-Tower Hills-Harbert | 1,468 | $80,642 | $296,000 | Compare |
| Ravenna | 1,472 | $73,233 | $191,300 | 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 Colon With Other Cities
Frequently Asked Questions about Colon
What is the population of Colon, MI?
The population of Colon, MI is 1,432 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 Colon?
The median household income in Colon, MI is $53,750 per year, which is 28% below the national median of $75,149.
What is the median home value in Colon?
The median home value in Colon, MI is $123,700, which is 49% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Colon?
The median monthly rent in Colon, MI is $745, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Colon?
The unemployment rate in Colon, MI is 5.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Colon, MI a good place to live?
Colon offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,432 and a median age of 40.2, the city appeals to a broad range of residents.
How educated is Colon, MI?
20.6% of residents in Colon 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 Colon?
Key cost-of-living indicators for Colon, MI: median home value is $123,700 (49% below national), median rent is $745/month, and median household income is $53,750. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Colon?
The poverty rate in Colon, MI is 15.3%, 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 Colon, MI?
Colon's population is 0.6% White, 3.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.8% two or more races. 1.0% of residents are foreign-born.