Michigan · Census place 17360
Colon village, MI
Quick answer
Colon village has 1,432 residents, ranking #365 of 745 places in Michigan. Median household income is $53,750, the median home is worth $123,700 and median gross rent runs $745 a month.
- Population
- 1,432Colon village residents
- Median household income
- $53,750Past 12 months, inflation adjusted
- Median home value
- $123,700Owner-occupied units
- Median gross rent
- $745Rent plus utilities, monthly
- Median age
- 40.2 yrsAll residents
- Homeownership rate
- 71.7%Owner-occupied households
What the numbers mean in Colon village
Housing cost measured against local earnings.
A household earning the Colon village median would spend about 16.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.3% of residents and 71.7% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Michigan.
- Newberry village 1,453
- Fowler village 1,446
- Shepherd village 1,438
- Burt CDP 1,430
- Edmore village 1,417
- Breckenridge village 1,411
- Litchfield city 1,391
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