Colac, Australia

Full City Profile

2.9 /5.0

C+ Fair

10,500 Population 7/sq mi density

456 ft Elevation 139 meters

56°F Avg Temperature 13°C

C+

Overall

2.9 / 5.0

Fair overall score based on economy, affordability, safety and education

C+

Economy

2.9 / 5.0

$22,342 median income, 3.2% unemployment

C+

Affordability

3.0 / 5.0

$146,400 home value, $732/mo rent

Colac, Australia

At a Glance

Median Income

$22,342

70% below

$22,342 per capita

Home Value

$146,400

48% below

Median Rent

$732/mo

37% below

Unemployment

3.2%

11% below

Avg Temperature

56°F

270 sunny days/yr

Is Colac a Good Place to Live?

C+

2.9 / 5.0 - Fair

Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Colac residents earn a median household income of $22,342 , which is 70% below the national average of $75,149. Per capita income is $22,342. The unemployment rate stands at 3.2% (11% below the U.S. rate of 3.6%). The area is home to 998 business establishments.

Housing & Cost of Living

The median home value in Colac is $146,400 , 48% below the national median of $281,900. Median rent is $732/month.

Climate & Weather

Colac has an average annual temperature of 56°F (13°C). Winters average 63°F in January while summers reach 48°F in July. The area gets 270 sunny days per year. Annual precipitation totals 36.5 inches.

Data Overview

People

Population10,500

Median Age44.0 yrs

Density7/mi²

Foreign Born10.9%

Economy

C+

Median Income$22,342

Per Capita$22,342

Unemployment3.2%

Poverty

Avg Weekly Wage$430

Housing

C+

Home Value$146,400

Rent$732

Ownership68.7%

Housing Units4,200

Climate

Avg Temp56°F

Sunny Days270/yr

Rain36.5 in/yr

Elevation456 ft

Did You Know?

10.9% of residents are foreign-born.