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Colchester city, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 1.4x is exceptionally low

As of 2026, Colchester city, Illinois has a total population of 1,057, the 685th largest city in Illinois, with a median household income of $62,500, which is 24% lower than the state average. The poverty rate is 9.7%.

Key Takeaways

Colchester city Quick Facts

Population 1,057
Median Household Income $62,500
Median Home Value $86,500
Poverty Rate 9.7%
Unemployment Rate 4.4%
Median Age 40.6 years
Homeownership Rate 73.6%
Affordability Ratio 1.4x
Bachelor's Degree or Higher 18.7%
High School Graduation Rate 91.8%
Diversity Index 8/100
Population 1,057 685th of 1,445
Median Income $62,500 average
Poverty Rate 9.7% 22% lower national
Median Home Value $86,500 bottom 30%

How Colchester city Compares

Economy & Housing

Employment

4.4% Unemployment Rate State: 5.8% | National: 5.2%
70.7% Labor Force Participation

Housing Overview

Owner 73.6%
Renter 26.4%
Affordability Index Very Affordable
1.4x home value to income ratio

People & Demographics

Diversity Index

8out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 60 | National average: 60

Education

Colchester city Rankings in Illinois

#685 Population of 1,445
#804 Median Income of 1,445
#669 Education of 1,445
#1016 Home Value of 1,445

Cities Similar to Colchester city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Raymond village1,065$64,063$96,60020.4%21.0%
Payson village1,030$62,262$118,00019.1%10.2%
Franklin Grove village1,086$60,833$136,80019.1%11.3%
Wayne City village1,050$58,208$108,60019.3%11.3%
Beckemeyer village1,024$64,231$112,50010.9%6.3%

Population Overview

Colchester city is a small community located in Illinois. The total population is 1,057. It ranks as the 685th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Colchester city is 40.6 years. This is 4% higher than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Colchester city is $62,500. This is 24% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 20% lower. The poverty rate stands at 9.7%. This is 17% lower than the state poverty rate of 11.7%. The unemployment rate is 4.4%. This is 24% lower than the state rate of 5.8%. The median home value is $86,500. Housing costs are 65% lower than the state median of $250,500. With a home-value-to-income ratio of just 1.4x, Colchester city is one of the most affordable housing markets in the area. 73.6% of occupied housing units are owner-occupied. This homeownership rate is 10% higher than the state average of 66.8%.

Race & Ethnicity

Colchester city has a predominantly White (non-Hispanic) population, comprising 95.8% of all residents. Hispanic or Latino residents account for 3.0%. The White (non-Hispanic) population is significantly higher than the state average (95.8% vs 58.8%). The Hispanic or Latino population (3.0%) is well below the state average of 18.5%.

Education

18.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 50% lower than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.8%.

Data Sources & Methodology

All demographic data for Colchester city, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Colchester city, Illinois?

Colchester city, Illinois has a population of 1,057 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Colchester city, IL?

The median household income in Colchester city is $62,500, which is 20% lower the national median of $78,538.

What is the poverty rate in Colchester city, IL?

The poverty rate in Colchester city is 9.7%. This means approximately 103 residents live below the federal poverty line.

What is the racial makeup of Colchester city, Illinois?

Colchester city's population is 95.8% White, 0.0% Black, 3.0% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Colchester city, IL?

The median home value in Colchester city is $86,500. The home-value-to-income ratio is 1.4x.

How educated is Colchester city, Illinois?

18.7% of adults (25+) in Colchester city hold a bachelor's degree or higher, and 4.9% hold a graduate or professional degree.