Cost of Living in Colona, IL
Population 5,189 · Illinois · Data vintage 2023
(100 = US avg)
Buyers in Colona can reasonably expect a home to cost less than three years of household income — $152,000 against $76,558 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. An unemployment rate of 1.4% points to a labor market well on the tight side of the national distribution.
Geographically, Colona sits roughly 15 miles east of Davenport. Housing prices track closely with Davenport's $163,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Colona
The median home value in Colona is $152,100 — 50% below the national median of $305,000. Median rent runs $881/month, 33% lower than the national median of $1,314/month. The median household income of $76,558/year is 3% higher than the US median of $74,580. The local unemployment rate is 1.4%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Colona has a cost of living index of 57 versus the US average of 100, meaning it is 43% less expensive.
Colona has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Colona, IL?
Colona has a cost index of 57 (100 = national average). It is 43% below the national average.
What is average rent in Colona, IL?
The median gross rent in Colona is $881 per month based on 2023 Census data.
What is the average home price in Colona?
The median home value in Colona is $152,100 according to Zillow and Census data.
What is the median income in Colona?
The median household income in Colona is $76,558 per year (2023 ACS 5-year estimates).
What is the sales tax in Colona, IL?
The combined state and local sales tax rate in Colona is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Colona, IL affordable?
Yes, Colona is generally considered affordable, with a cost of living index of 57 — about 43% below the US national average of 100.
Colona at a Glance
- Population
- 5,189
- Median Income
- $76,558
- Home Value
- $152,100
- Median Rent
- $881/mo
- Unemployment
- 1.4%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
Similar Cost Cities
Cities in other states with comparable housing costs