Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.2 yrs |
|---|---|
| Avg HH Size | 2.40 |
| Below Poverty | 8.7% ▼ 13% below avg |
| College Grads | 44.0% ▲ 14% above avg |
| Unemployment | 2.9% ▼ 41% below avg |
| HS Graduate | 548 (37.3%) |
| Some College | 126 (8.6%) |
| Associates | 149 (10.1%) |
| Bachelors | 202 (13.7%) |
| Graduate Degree | 445 (30.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $65,048 ▼ 15% below avg |
|---|---|
| Median Home Value | $116,400 ▼ 58% below avg |
| Home/Income Ratio | 1.8x (nat avg ~3.5x) |
| Median Rent | $654/mo |
| Total Housing Units | 1,072 |
| Vacant Units | 107 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Colchester is a city in Illinois, located in McDonough County. The city spans 1 ZIP code and is home to approximately 2,317 residents. It is a middle-aged city, with a median age of 39.2 years.
Economically, Colchester is a solidly middle-class community. The median household income of $65,048 is near the national average. Approximately 8.7% of residents live below the poverty line. The unemployment rate is 2.9%, below the national average.
The real estate market in Colchester is one of the more affordable housing markets in the country. Median home values stand at $116,400, which is well below the national average. Renters typically pay around $654 per month. Homeownership is high at 79.2%, typical of suburban and family-oriented communities.
The population of Colchester is well-educated. 44.0% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (97.24%).
Colchester, IL offers residents a cost-conscious lifestyle within Illinois.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 62326 | 2,317 | $65,048 | $116,400 | $654 | 2.9% | 44.0% | 79.2% |