Colon, Michigan Housing

Colon, Michigan has a population of 1,200, with a median household income of $68,200.

Current housing data for Colon.

$266,000

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Population

1,200

💰

Median Income

$68,200

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Unemployment

5.10%

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Housing Price

$266,000

🚨

Crime Rate

4.70

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Internet Speed

181.00 Mbps

Colon is a small local community located in Michigan. The city has a population that is below the average city population in Michigan, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Michigan, Colon provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Colon has a population of 1,200, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Colon is $68,200, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Colon average around $266,000, which is relatively high compared to other cities in Michigan.

Employment and Safety

The unemployment rate in Colon is 5.10%, which is lower than the state average, indicating a relatively strong job market. Colon has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Michigan, Colon shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Colon offers a balanced mix of economic conditions, population trends, and housing opportunities within Michigan.

Frequently Asked Questions about Colon

What is the population of Colon?

The population of Colon is approximately 1,200.

Is Colon a good place to live?

Colon offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Colon?

The median household income in Colon is around $68,200.

How expensive is housing in Colon?

The average housing price in Colon is approximately $266,000.