At a Glance
Median Income
$21,563
$21,873 per capita
Home Value
$94,200
Zillow: $126,863
Median Rent
$703/mo
33.3% of income on rent
Bachelor's Degree+
12.2%
84.9% high school+
Unemployment
5.6%
39.0% poverty rate
Obesity Rate
40.2%
19.2% smoking rate
How Colt Compares to the U.S. Average
Each bar shows Colt's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Colt a Good Place to Live?
C+
2.6 / 5.0 - Fair
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Colt residents earn a median household income of $21,563 , which is 71% below the national average of $75,149.
Per capita income is $21,873. The unemployment rate stands at 5.6% (56% above the U.S. rate of 3.6%). 39.0% of residents live below the poverty line. The area is home to 585 business establishments, including 40 restaurants.
Housing & Cost of Living
The median home value in Colt is $94,200 , 67% below the national median of $281,900.
Zillow estimates the typical home at $126,863. Median rent is $703/month, with 33.3% of renters spending more than 30% of income on housing. The cost of living index is 86.9 (100 = national average). The median home was built in 1979.
Education
12.2% of adults in Colt hold a bachelor's degree or higher
(64% below the national average).
84.9% have completed high school. Local schools score 3.1/10 in standardized testing.
Climate & Weather
Colt has an average annual temperature of 62°F (17°C).
Winters average 40°F in January while summers reach 82°F in July. Annual precipitation totals 50.6 inches.
Data Overview
People
Population446
Median Age32.9 yrs
Density354/mi²
Male / Female42% / 58%
Foreign Born0.0%
Veterans2.6%
Economy
D
Median Income$21,563
Per Capita$21,873
Unemployment5.6%
Poverty39.0%
County GDP$943M
Avg Weekly Wage$934
Housing
A
Home Value$94,200
Rent$703
Ownership25.7%
Zillow$126,863
Housing Units215
Rent Burden33.3%
Health
Obesity40.2%
Diabetes11.3%
Smoking19.2%
Heart Disease6.5%
Premature Death15,430/100K
Climate
Avg Temp62°F
Rain50.6 in/yr
Elevation252 ft
Education
D
Bachelor's+12.2%
High School+84.9%
Graduate+3.4%
School Score3.1/10
Community
2024 VoteR 49% / D 49%
Commute18 min
Broadband82.7%
Internet Speed18 Mbps
EV Stations2
Libraries1
Did You Know?
The median home in Colt was built in 1979.
The nearest airport is Memphis International (48 miles).
The Gini coefficient (income inequality) is 0.499 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
29.8% of the population has a disability.
The county recorded 9 fatal vehicle crashes.