Living in Colchester, Illinois
Cost of living, income, home prices, rent and demographics of Colchester · Census data 2020–2024
Colchester has 1,128 residents with a median age of 41.6. The median household income is $63,981 (23% lower than the Illinois median), the median home value is $91,700, the median rent is $808/month.
Colchester is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Colchester at a glance
- Population
- 1,128
- Median age
- 41.6State: 39
- Median household income
- $63,981State: $83,390
- Median home value
- $91,700State: $263,300
- Median rent
- $808/moState: $1,274
- Homeowners
- 74.4%
- Bachelor's degree or higher
- 14%
- Average commute
- 16 min
Is Colchester a good place to live?
Pros: Home values 65% lower than the state median; an average commute of 16 minutes; unemployment of 3.8%; a poverty rate of 7.8%.
Cons: Median household income 23% lower than the Illinois median.
The weather is best in May–June and August–September.
Cost of living in Colchester
Housing is the biggest part of the cost of living. In Colchester the median home value is $91,700, 72% lower than the U.S. median. Renters pay a median of $808 per month, which is 37.4% of household income. Homeowners with a mortgage pay $967 a month in housing costs.
Colchester median household income
The median household income in Colchester is $63,981 and the income per person is $31,123. 7.8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Colchester: homes for sale and rent
- Housing units
- 613
- Owner-occupied
- 74.4%
- Renter-occupied
- 25.6%
- Vacant
- 13.2%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.12
Colchester demographics
- Population
- 1,128
- Median age
- 41.6
- Under 18
- 21.9%
- 65 and older
- 20.9%
- Households
- 532
- Foreign-born
- 0%
- Veterans
- 9.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Colchester ›
Education in Colchester
14% of adults 25 and older in Colchester have a bachelor's degree or higher (Illinois: 37.8%), and 4.1% have a graduate or professional degree.
Jobs and commute in Colchester
- Unemployment rate
- 3.8%State: 5.8%
- Average commute
- 16 minState: 28 min
- Work from home
- 4.1%
- Drive alone
- 84.3%
- Public transit
- 2%
- Walk to work
- 0%
- Homes with broadband
- 87.2%
Colchester vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Colchester | 1,128 | $63,981 | $91,700 | $808 |
| Tennessee | 160 | $77,500 | $72,200 | $1,075 |
| Macomb | 14,894 | $44,411 | $103,300 | $765 |
| Blandinsville | 666 | $52,375 | $68,800 | $1,059 |
| Good Hope | 438 | $73,636 | $97,000 | $788 |
| Plymouth | 456 | $41,071 | $56,900 | $817 |
| Industry | 569 | $51,250 | $85,300 | $790 |
| Bardolph | 204 | $28,750 | $49,300 | — |
| La Harpe | 1,273 | $49,205 | $86,400 | $491 |
More for people moving to Colchester
Colchester ZIP code ›Weather and climate ›Living in Colchester: FAQ
What is the median household income in Colchester, IL?
The median household income in Colchester is $63,981, 23% lower than the Illinois median of $83,390 (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 $91,700, compared with $263,300 in Illinois.
How much is rent in Colchester?
The median gross rent in Colchester is $808 per month, about 37.4% of household income.
Is Colchester, IL a good place to live?
Pluses: home values 65% lower than the state median; an average commute of 16 minutes; unemployment of 3.8%; a poverty rate of 7.8%. Minuses: median household income 23% lower than the Illinois median.
What is the median age in Colchester?
The median age in Colchester is 41.6 years (Illinois: 39).
How long is the commute in Colchester?
The average commute to work in Colchester is 16 minutes; 4.1% of workers work from home.
What is the unemployment rate in Colchester?
The unemployment rate in Colchester is 3.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Colchester?
14% 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.
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