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Colchester, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,128
Population
$63,981
Median Income
$91,700
Home Value
41.6
Median Age

Demographics

Colchester has a population of 1,128 with a median age of 41.6. Here is the racial and ethnic breakdown of the population:

White
97.4%
Hispanic
3.1%
Demographic Value
Total Population1,128
Median Age41.6
White97.4%
Hispanic or Latino3.1%
Colchester, Illinois — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 96.9%Hispanic/Latino: 3.1%1,128PopulationWhiteWhite96.9%Hispanic/LatinoHispanic/Latino3.1%

Income & Economy

The median household income in Colchester is $63,981, which is 20.6% below the national median of $80,610. The per capita income is $31,123. The poverty rate is 7.8%.

$63,981
Median Household Income
$31,123
Per Capita Income
7.8%
Poverty Rate

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Education

In Colchester, 91.4% of residents age 25+ have a high school diploma or higher, and 14.0% hold a bachelor's degree or higher (4.1% with a graduate or professional degree).

HS Diploma+
91.4%
Bachelor's+
14.0%
Graduate+
4.1%
Education Level % of Adults (25+)
High School Diploma or Higher91.4%
Bachelor's Degree or Higher14.0%
Graduate or Professional Degree4.1%

Housing

The median home value in Colchester is $91,700, below the national median of $303,400. The median monthly rent is $808. The homeownership rate is 74.4%.

$91,700
Median Home Value
$808/mo
Median Rent
74.4%
Homeownership Rate
Housing Metric Value
Median Home Value$91,700
Median Monthly Rent$808
Homeownership Rate74.4%
Vacancy Rate13.2%

Salaries in Illinois

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Other Cities in Illinois

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Frequently Asked Questions

What is the population of Colchester, Illinois?
The population of Colchester, Illinois is 1,128 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Colchester, Illinois?
The median household income in Colchester, Illinois is $63,981. This is 20.6% below the national median of $80,610.
What is the median home value in Colchester, Illinois?
The median home value in Colchester, Illinois is $91,700. The median monthly rent is $808.
What percentage of people in Colchester have a college degree?
In Colchester, Illinois, 14.0% of adults age 25 and older hold a bachelor's degree or higher, and 91.4% have a high school diploma or higher.
Is Colchester, Illinois an affordable place to live?
The home price-to-income ratio in Colchester, Illinois is 1.4x (median home value $91,700 vs. median income $63,981), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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