Colchester, IL
Population 1,057 · Illinois
About Colchester, IL
Colchester is a small community in Illinois with a population of 1,057 residents. The median household income is $62,500 per year, which is near the national average. The median age in Colchester is 40.6 years.
Housing in Colchester has a median home value of $86,500 and median monthly rent of $808. Of the 575 total housing units, the majority are owner-occupied, with 368 owner-occupied and 132 renter-occupied units.
The unemployment rate in Colchester is 4.4% and the poverty rate is 9.7%. 18.7% of residents hold a bachelor's degree or higher. The average commute time is 16 minutes.
Cost of Living in Colchester, IL
Compared to national averages, Colchester has a median household income of $62,500 (17% below the national median of $75,149). Home values average $86,500, which is 65% below the national median. Monthly rent at $808 is 31% below the US average of $1,163. Within Illinois, Colchester's income is 17% below the state average of $75,072, and home values are 48% below the state median of $165,779.
Why Live in Colchester, IL?
Colchester offers affordable housing with a median home value of $86,500, below the US average of $244,900, and rent that’s lower than the national average at $808/month, and a low poverty rate of 9.7%, better than the national average. Additionally, the city features short commute times averaging just 16 minutes.
Potential considerations include median household income ($62,500) that falls below the national average. However, Colchester’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Colchester has a population of 1,057 with a median age of 40.6 years. Compare Colchester with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Colchester
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cobden | 1,064 | $42,250 | $106,400 | Compare |
| Wayne City | 1,050 | $58,208 | $108,600 | Compare |
| Raymond | 1,065 | $64,063 | $96,600 | Compare |
| St. Anne | 1,070 | $71,574 | $129,500 | Compare |
| Andalusia | 1,073 | $72,589 | $150,200 | Compare |
| Royalton | 1,076 | $49,625 | $51,900 | Compare |
| Warrensburg | 1,076 | $88,897 | $141,100 | Compare |
| Grandview | 1,077 | $48,906 | $72,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Colchester
What is the population of Colchester, IL?
The population of Colchester, IL is 1,057 according to the latest Census data.
What is the median household income in Colchester?
The median household income in Colchester, IL is $62,500 per year.
What is the median home value in Colchester?
The median home value in Colchester, IL is $86,500.
What is the average rent in Colchester?
The median monthly rent in Colchester, IL is $808.
What is the unemployment rate in Colchester?
The unemployment rate in Colchester, IL is 4.4%.