Colony, OK
Population 156 · Oklahoma
About Colony, OK
Colony is a small community located in Oklahoma with a population of 156 residents according to the latest US Census Bureau American Community Survey data. The median household income is $39,516 per year, which is 47% below the national median of $75,149. The median age of 63.1 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 Colony features a median home value of $176,100, which is 28% below the national median of $244,900. This positions Colony in a moderately priced market relative to the rest of the country. Median monthly rent is $727, 37% below the national average of $1,163/month. Of the 111 total housing units, 58% are owner-occupied (52 units) and 42% are renter-occupied (38 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Colony shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Colony have an average one-way commute time of 40.4 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
66.0% of Colony residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 8.3% White, 17.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 3.8% of the population being foreign-born.
How Colony Ranks in Oklahoma
Cost of Living in Colony, OK
Compared to national averages, Colony has a median household income of $39,516 (47% below the national median of $75,149). Home values average $176,100, which is 28% below the national median. Monthly rent at $727 is 37% below the US average of $1,163. Within Oklahoma, Colony's income is 30% below the state average of $56,382, and home values are 47% above the state median of $119,992.
Why Live in Colony, OK?
Colony offers affordable housing with a median home value of $176,100, below the US average of $244,900, and rent that’s lower than the national average at $727/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 66.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 11.5%, better than the national average.
Potential considerations include median household income ($39,516) that falls below the national average. However, Colony’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Colony has a population of 156 with a median age of 63.1 years. Compare Colony with other cities to see how it stacks up, or explore all cities in Oklahoma.
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Demographics
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Economy & Education
Housing
Other Cities in Oklahoma
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Colony
What is the population of Colony, OK?
The population of Colony, OK is 156 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Oklahoma.
What is the median household income in Colony?
The median household income in Colony, OK is $39,516 per year, which is 47% below the national median of $75,149.
What is the median home value in Colony?
The median home value in Colony, OK is $176,100, which is 28% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Colony?
The median monthly rent in Colony, OK is $727, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Colony?
The unemployment rate in Colony, OK is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Colony, OK a good place to live?
Colony offers a moderate cost of living, affordable housing, and a strong job market. With a population of 156 and a median age of 63.1, the city appeals to established professionals and retirees.
How educated is Colony, OK?
66.0% of residents in Colony aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Colony?
Key cost-of-living indicators for Colony, OK: median home value is $176,100 (28% below national), median rent is $727/month, and median household income is $39,516. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Colony?
The poverty rate in Colony, OK is 11.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Colony, OK?
Colony's population is 8.3% White, 17.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 37.8% two or more races. 3.8% of residents are foreign-born.