Living in Colchester, Connecticut
Cost of living, income, home prices, rent and demographics of Colchester · Census data 2020–2024
Colchester has 15,648 residents with a median age of 43.5. The median household income is $122,390 (28% higher than the Connecticut median), the median home value is $366,800, the median rent is $1,474/month.
Colchester at a glance
- Population
- 15,648
- Median age
- 43.5State: 41.1
- Median household income
- $122,390State: $95,781
- Median home value
- $366,800State: $366,900
- Median rent
- $1,474/moState: $1,488
- Homeowners
- 76.5%
- Bachelor's degree or higher
- 49.7%
- Average commute
- 30 min
Is Colchester a good place to live?
Pros: Median household income 28% higher than the Connecticut median; home values about the same as the state median; unemployment of 1.7%; a poverty rate of 3.9%.
Cons: An average commute of 30 minutes.
The weather is best in June to September.
Cost of living in Colchester
Housing is the biggest part of the cost of living. In Colchester the median home value is $366,800, 10% higher than the U.S. median. Renters pay a median of $1,474 per month, which is 28.5% of household income. Homeowners with a mortgage pay $2,392 a month in housing costs.
Colchester median household income
The median household income in Colchester is $122,390 and the income per person is $60,108. 3.9% of residents live below the poverty line (Connecticut: 10%).
Housing in Colchester: homes for sale and rent
- Housing units
- 6,710
- Owner-occupied
- 76.5%
- Renter-occupied
- 23.5%
- Vacant
- 4.8%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.42
Colchester demographics
- Population
- 15,648
- Median age
- 43.5
- Under 18
- 20.7%
- 65 and older
- 20.3%
- Households
- 6,388
- Foreign-born
- 6.2%
- Veterans
- 6.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Colchester ›
Education in Colchester
49.7% of adults 25 and older in Colchester have a bachelor's degree or higher (Connecticut: 42.5%), and 24.8% have a graduate or professional degree.
Jobs and commute in Colchester
- Unemployment rate
- 1.7%State: 5.6%
- Average commute
- 30 minState: 27 min
- Work from home
- 18.4%
- Drive alone
- 71.7%
- Public transit
- 0.2%
- Walk to work
- 0.8%
- Homes with broadband
- 94.3%
Colchester vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Colchester | 15,648 | $122,390 | $366,800 | $1,474 |
| Moodus | 2,042 | $103,457 | $285,700 | $1,157 |
| East Haddam | 8,969 | $107,861 | $352,700 | $1,242 |
| Salem | 4,282 | $123,245 | $403,600 | $1,440 |
| Hebron | 9,157 | $142,500 | $385,800 | $1,635 |
| Lebanon | 7,116 | $109,135 | $345,900 | $1,630 |
| Marlborough | 6,130 | $142,105 | $379,100 | $1,333 |
| Terramuggus | 968 | $141,923 | $366,400 | — |
| East Hampton | 12,925 | $124,577 | $349,000 | $1,393 |
More for people moving to Colchester
Colchester ZIP code ›Weather and climate ›Living in Colchester: FAQ
What is the median household income in Colchester, CT?
The median household income in Colchester is $122,390, 28% higher than the Connecticut median of $95,781 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Colchester?
The median home value in Colchester is $366,800, compared with $366,900 in Connecticut.
How much is rent in Colchester?
The median gross rent in Colchester is $1,474 per month, about 28.5% of household income.
Is Colchester, CT a good place to live?
Pluses: median household income 28% higher than the Connecticut median; home values about the same as the state median; unemployment of 1.7%; a poverty rate of 3.9%. Minuses: an average commute of 30 minutes.
What is the median age in Colchester?
The median age in Colchester is 43.5 years (Connecticut: 41.1).
How long is the commute in Colchester?
The average commute to work in Colchester is 30 minutes; 18.4% of workers work from home.
What is the unemployment rate in Colchester?
The unemployment rate in Colchester is 1.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Colchester?
49.7% of adults in Colchester have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: