Living in Colony, Alabama
Cost of living, income, home prices, rent and demographics of Colony · Census data 2020–2024
Colony has 343 residents with a median age of 40.5. The median household income is $42,386 (34% lower than the Alabama median), the median home value is $48,600, the median rent is $625/month.
Colony is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Colony at a glance
- Population
- 343
- Median age
- 40.5State: 39.3
- Median household income
- $42,386State: $63,999
- Median home value
- $48,600State: $209,900
- Median rent
- $625/moState: $1,007
- Homeowners
- 84.6%
- Bachelor's degree or higher
- 4%
- Average commute
- 25 min
Is Colony a good place to live?
Pros: Home values 77% lower than the state median; an average commute of 25 minutes.
Cons: Median household income 34% lower than the Alabama median; unemployment of 7.6%; a poverty rate of 19.8%.
The weather is best in April–May and September–October.
Cost of living in Colony
Housing is the biggest part of the cost of living. In Colony the median home value is $48,600, 85% lower than the U.S. median. Renters pay a median of $625 per month, which is 37.5% of household income. Homeowners with a mortgage pay — a month in housing costs.
Colony median household income
The median household income in Colony is $42,386 and the income per person is $24,601. 19.8% of residents live below the poverty line (Alabama: 15.6%).
Housing in Colony: homes for sale and rent
- Housing units
- 144
- Owner-occupied
- 84.6%
- Renter-occupied
- 15.4%
- Vacant
- 14.6%Includes seasonal homes
- Median year built
- 1987
- Average household size
- 2.79
Colony demographics
- Population
- 343
- Median age
- 40.5
- Under 18
- 18.7%
- 65 and older
- 21.3%
- Households
- 123
- Foreign-born
- 0.9%
- Veterans
- 5%Adults 18+
Hispanic or Latino can be of any race. Population history of Colony ›
Education in Colony
4% of adults 25 and older in Colony have a bachelor's degree or higher (Alabama: 28.4%), and 0.7% have a graduate or professional degree.
Jobs and commute in Colony
- Unemployment rate
- 7.6%State: 4.7%
- Average commute
- 25 minState: 26 min
- Work from home
- 0.7%
- Drive alone
- 88.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 54.5%
Colony vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Colony | 343 | $42,386 | $48,600 | $625 |
| Smoke Rise | 1,471 | $85,882 | $201,700 | — |
| Dodge City | 494 | $63,594 | $147,100 | $667 |
| Hayden | 1,389 | $80,125 | $230,700 | $799 |
| Warrior | 3,207 | $57,557 | $149,800 | $774 |
| Garden City | 557 | $48,333 | $108,700 | — |
| Hanceville | 3,270 | $41,791 | $169,800 | $812 |
| Good Hope | 2,574 | $93,661 | $203,100 | $884 |
| Trafford | 493 | $23,333 | $116,500 | $475 |
More for people moving to Colony
Colony ZIP code ›Weather and climate ›Living in Colony: FAQ
What is the median household income in Colony, AL?
The median household income in Colony is $42,386, 34% lower than the Alabama median of $63,999 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Colony?
The median home value in Colony is $48,600, compared with $209,900 in Alabama.
How much is rent in Colony?
The median gross rent in Colony is $625 per month, about 37.5% of household income.
Is Colony, AL a good place to live?
Pluses: home values 77% lower than the state median; an average commute of 25 minutes. Minuses: median household income 34% lower than the Alabama median; unemployment of 7.6%; a poverty rate of 19.8%.
What is the median age in Colony?
The median age in Colony is 40.5 years (Alabama: 39.3).
How long is the commute in Colony?
The average commute to work in Colony is 25 minutes; 0.7% of workers work from home.
What is the unemployment rate in Colony?
The unemployment rate in Colony is 7.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Colony?
4% of adults in Colony have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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