Living in Colo, Iowa
Cost of living, income, home prices, rent and demographics of Colo · Census data 2020–2024
Colo has 686 residents with a median age of 42.2. The median household income is $64,000 (15% lower than the Iowa median), the median home value is $152,000, the median rent is $950/month.
Colo is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Colo at a glance
- Population
- 686
- Median age
- 42.2State: 38.6
- Median household income
- $64,000State: $75,059
- Median home value
- $152,000State: $208,000
- Median rent
- $950/moState: $972
- Homeowners
- 83.3%
- Bachelor's degree or higher
- 19%
- Average commute
- 30 min
Is Colo a good place to live?
Pros: Home values 27% lower than the state median; a poverty rate of 6.4%.
Cons: Median household income 15% lower than the Iowa median; an average commute of 30 minutes; unemployment of 5.6%.
The weather is best in June to September.
Cost of living in Colo
Housing is the biggest part of the cost of living. In Colo the median home value is $152,000, 54% lower than the U.S. median. Renters pay a median of $950 per month, which is 29.5% of household income. Homeowners with a mortgage pay $1,375 a month in housing costs.
Colo median household income
The median household income in Colo is $64,000 and the income per person is $40,526. 6.4% of residents live below the poverty line (Iowa: 11.1%).
Housing in Colo: homes for sale and rent
- Housing units
- 374
- Owner-occupied
- 83.3%
- Renter-occupied
- 16.7%
- Vacant
- 13.4%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.12
Colo demographics
- Population
- 686
- Median age
- 42.2
- Under 18
- 18.1%
- 65 and older
- 21.1%
- Households
- 324
- Foreign-born
- 1.7%
- Veterans
- 8.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Colo ›
Education in Colo
19% of adults 25 and older in Colo have a bachelor's degree or higher (Iowa: 31.4%), and 4.2% have a graduate or professional degree.
Jobs and commute in Colo
- Unemployment rate
- 5.6%State: 3.6%
- Average commute
- 30 minState: 20 min
- Work from home
- 10.1%
- Drive alone
- 81.9%
- Public transit
- 2.4%
- Walk to work
- 0%
- Homes with broadband
- 87.7%
Colo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Colo | 686 | $64,000 | $152,000 | $950 |
| Nevada | 6,983 | $75,094 | $182,400 | $953 |
| Collins | 533 | $67,500 | $159,200 | $862 |
| State Center | 1,412 | $83,942 | $167,400 | $766 |
| Rhodes | 265 | $73,083 | $98,000 | $491 |
| Maxwell | 905 | $97,639 | $184,600 | $650 |
| Zearing | 566 | $74,167 | $158,800 | $883 |
| McCallsburg | 326 | $65,000 | $168,600 | $676 |
| Melbourne | 804 | $71,667 | $155,400 | $756 |
More for people moving to Colo
Colo ZIP code ›Weather and climate ›Living in Colo: FAQ
What is the median household income in Colo, IA?
The median household income in Colo is $64,000, 15% lower than the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Colo?
The median home value in Colo is $152,000, compared with $208,000 in Iowa.
How much is rent in Colo?
The median gross rent in Colo is $950 per month, about 29.5% of household income.
Is Colo, IA a good place to live?
Pluses: home values 27% lower than the state median; a poverty rate of 6.4%. Minuses: median household income 15% lower than the Iowa median; an average commute of 30 minutes; unemployment of 5.6%.
What is the median age in Colo?
The median age in Colo is 42.2 years (Iowa: 38.6).
How long is the commute in Colo?
The average commute to work in Colo is 30 minutes; 10.1% of workers work from home.
What is the unemployment rate in Colo?
The unemployment rate in Colo is 5.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Colo?
19% of adults in Colo 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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