Colona, IL Profile: Facts & Data

Colona, Illinois - Basic Facts

The City of Colona had a population of 5,060 as of July 1, 2024.

The primary coordinate point for Colona is located at latitude 41.4839 and longitude -90.3532 in Henry County. The formal boundaries for the City of Colona encompass a land area of 3.65 sq. miles and a water area of 0.1 sq. miles. Henry County is in the Central time zone (GMT -6).

The City of Colona has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Colona is located within Township of Colona, a minor civil division (MCD) of Henry County.

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Colona, IL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	5,060 (100%)
Population in Households	5,060 (100.0%)
Population in Families	4,195 (82.9%)
Population in Group Quarters¹	0
Population Density	1,325
Diversity Index²	33


INCOME
Median Household Income	$70,959
Average Household Income	$95,086
% of Income for Mortgage⁴	13%
Per Capita Income	$38,899
Wealth Index⁵	82
Socioeconomic Status Index⁶	Moderate (56.3)

HOUSING
Total HU (Housing Units)	2,231 (100%)
Owner Occupied HU	1,760 (78.9%)
Renter Occupied HU	310 (13.9%)
Vacant Housing Units	161 ( 7.2%)
Median Home Value	$147,600
Average Home Value	$182,557
Housing Affordability Index³	166

HOUSEHOLDS
Total Households	2,070
Average Household Size	2.44
Family Households	1,373
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

2,231 (100%)

Owner Occupied HU

1,760 (78.9%)

Renter Occupied HU

310 (13.9%)

Vacant Housing Units

161 ( 7.2%)

Median Home Value

$147,600

Average Home Value

$182,557

Housing Affordability Index³

166

HOUSEHOLDS

Total Households

2,070

Average Household Size

2.44

Family Households

1,373

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.02%	-0.17%
Households	0.21%	0.11%
Families		0.16%
Median Household Income		2.05%
Per Capita Income		2.77%
Owner Occupied HU		0.30%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.02%

-0.17%

Households

0.21%

0.11%

Families

0.16%

Median Household Income

2.05%

Per Capita Income

2.77%

Owner Occupied HU

0.30%

Colona, IL - Peer Comparisons by Rank and Percentile

The table below compares Colona to the other 1,462 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 330	77th
Population Density	# 500	66th
Median Household Income	# 765	48th
Housing Affordability Index	# 1023	70th
Per Capita Income	# 690	53rd
Diversity Index	# 462	69th

Variable Description

Rank

Percentile

Total Population

# 330

77th

Population Density

# 500

66th

Median Household Income

# 765

48th

Housing Affordability Index

# 1023

70th

Per Capita Income

# 690

53rd

Diversity Index

# 462

69th

Illinois Census Data Comparison Tool

Colona, IL Profile: Facts & Data

Colona, Illinois - Basic Facts

Colona, IL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Colona, IL - Peer Comparisons by Rank and Percentile

Colona, IL - Most Popular Things to Do

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Henry County