Colon, MI population, income and ZIP codes

Colon village is a small town in Michigan, with 1,432 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #365 of 745 ranked by population — larger than 51% of them. The median age here is 40.2 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Colon village earn a median of $53,750 a year, 31.6% below the national figure of $78,538 and 13% below the $61,715 median for the 438 Michigan cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 15.3% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Colon village is valued at $123,700, 59.2% below the national figure and 26% below the $166,100 peer median, while median gross rent runs $745 a month, 47% below the national figure, or roughly $8,940 across a full year. A household on the local median income would put about 16.6% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.3×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 71.7% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.