Cost Of Living
The overall cost of living in this area is much lower than average. This includes everyday goods and services, as well as housing, utilities and health care.
Housing
This area has received high scores in the housing category. This could be due to a positive home affordability ratio, high appreciation rates or elevated home values.
Health & Safety
A high score in the health and safety category is a result of good air quality and the accessibility to health facilities such as hospitals, clinics, doctors, pharmacies and fire stations.
Amenities
A majority of amenities are not ideally situated within a reasonable walking distance, which may lead residents to rely on a vehicle or public transportation.
Commute
Public transportation is not readily available in this area and the average commute time to work could also be longer than the national average.
Schools
Lower than average education levels, poor reading and math scores, as well as the inaccessibility of local elementary and high schools could all be factors in the low schools score.
Colby, Wisconsin is a small city with a population of 2,607 people. The majority of Colby residents report their race to be White; this is followed by Black and Asian. If you are not a fan of long commutes, you will enjoy living in Colby. With an average one way commute time of only 17 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
If you’re considering relocating to any new city, it could be a very discouraging task. However, it could also be a fulfilling experience if you are willing to get to know the area before actually living in Colby, Wisconsin. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Finding the best places to live in Colby and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, commute, health & safety, employment and other important metrics.
With a livability score of 73 out of 100, Colby is ranked #4,596 in the United States and #168 in Wisconsin. For each of the livability categories, we can establish that Colby ranks very well for crime (A+) and housing (A+). Colby does not do well for the following: amenities (F) and education (F). It might be a smart idea to take a closer look at each category to find out why.
When contemplating a move, job prospects often top the list of priorities. In Colby, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 1.9% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Colby excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Colby is actually affordable. The median home price for Colby homes is $207,923, which is 31% lower than the Wisconsin average. If we take a closer look at the affordability of homes in Colby, we’ll see that the home price to income ratio is 2.9, which is 21.6% lower than the Wisconsin average.
| Statistic | Colby | Wisconsin | National |
| Average one way commute | 17min | 22min | 26min |
| Workers who drive to work | 76.3% | 80.7% | 76.4% |
| Workers who carpool | 7.9% | 8.3% | 9.3% |
| Workers who take public transit | 0.0% | 1.9% | 5.1% |
| Workers who bicycle | 0.3% | 0.8% | 0.6% |
| Workers who walk | 2.0% | 3.3% | 2.8% |
| Working from home | 13.0% | 4.2% | 4.6% |
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