Colchester, CT
Population 4,624 · Connecticut
About Colchester, CT
Colchester is a small town located in Connecticut with a population of 4,624 residents according to the latest US Census Bureau American Community Survey data. The median household income is $79,685 per year, which is 6% above the national median of $75,149. The median age of 52 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Colchester features a median home value of $280,500, which is 15% above the national median of $244,900. This positions Colchester in a moderately priced market relative to the rest of the country. Median monthly rent is $1,444, 24% above the national average of $1,163/month. Of the 2,331 total housing units, 56% are owner-occupied (1,208 units) and 44% are renter-occupied (950 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Colchester shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Colchester have an average one-way commute time of 31.5 minutes.
Education & Demographics
34.4% of Colchester residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.1% Hispanic or Latino, 1.7% Black or African American, and 2.4% Asian residents, with 5.1% of the population being foreign-born.
How Colchester Ranks in Connecticut
Cost of Living in Colchester, CT
Compared to national averages, Colchester has a median household income of $79,685 (6% above the national median of $75,149). Home values average $280,500, which is 15% above the national median. Monthly rent at $1,444 is 24% above the US average of $1,163. Within Connecticut, Colchester's income is 35% below the state average of $123,065, and home values are 46% below the state median of $516,920.
Why Live in Colchester, CT?
Colchester offers a strong local economy with a median household income of $79,685, well above the national average, and a strong job market with an unemployment rate of just 3.4%, and a well-educated community where 34.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 7.8%, better than the national average.
Colchester has a population of 4,624 with a median age of 52 years. Compare Colchester with other cities to see how it stacks up, or explore all cities in Connecticut.
Similar Cities Near Colchester
Cities in Connecticut with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lake Pocotopaug | 4,715 | $108,430 | $304,700 | Compare |
| Heritage Village | 4,517 | $53,266 | $221,600 | Compare |
| Stafford Springs | 4,801 | $70,967 | $200,900 | Compare |
| Mystic | 4,441 | $146,042 | $493,200 | Compare |
| Long Hill CDP (Southeastern Connecticut County), Connecticut | 4,292 | $84,338 | $169,200 | Compare |
| Byram | 5,011 | $92,444 | $790,800 | Compare |
| Watertown | 4,215 | $98,003 | $278,500 | Compare |
| Danielson | 4,185 | $71,672 | $219,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Connecticut
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Colchester With Other Cities
Frequently Asked Questions about Colchester
What is the population of Colchester, CT?
The population of Colchester, CT is 4,624 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Connecticut.
What is the median household income in Colchester?
The median household income in Colchester, CT is $79,685 per year, which is 6% above the national median of $75,149.
What is the median home value in Colchester?
The median home value in Colchester, CT is $280,500, which is 15% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Colchester?
The median monthly rent in Colchester, CT is $1,444, which is 24% above the national average of $1,163/month.
What is the unemployment rate in Colchester?
The unemployment rate in Colchester, CT is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Colchester, CT a good place to live?
Colchester offers above-average incomes, a competitive housing market, and a strong job market. With a population of 4,624 and a median age of 52, the city appeals to established professionals and retirees.
How educated is Colchester, CT?
34.4% of residents in Colchester aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Colchester?
Key cost-of-living indicators for Colchester, CT: median home value is $280,500 (15% above national), median rent is $1,444/month, and median household income is $79,685. The home-value-to-income ratio is 3.5x, a moderate figure by national standards.
What is the poverty rate in Colchester?
The poverty rate in Colchester, CT is 7.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Colchester, CT?
Colchester's population is 0.0% White, 0.1% Hispanic or Latino, 1.7% Black or African American, 2.4% Asian, and 1.0% two or more races. 5.1% of residents are foreign-born.