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Colchester, Illinois Demographics & Population 2026

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

During the 2020–2024 ACS period, Colchester, Illinois had a total population of 1,128, the 669th largest city in Illinois, with a median household income of $63,981, which is 23% lower than the state average. The poverty rate is 7.8%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Colchester Quick Facts

Population 1,128
Median Household Income $63,981
Median Home Value $91,700
Poverty Rate 7.8%
Unemployment Rate 3.8%
Median Age 41.6 years
Homeownership Rate 74.4%
Affordability Ratio 1.4x
Bachelor's Degree or Higher 14.0%
High School Graduation Rate 91.5%
Diversity Index 10/100
Population 1,128 669th of 1,445
Median Income $63,981 average
Poverty Rate 7.8% 37% lower than national
Median Home Value $91,700 bottom 30%

How Colchester Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,0571,128+6.7%
Median household income$62,500$63,981+2.4%
Median home value$86,500$91,700+6.0%

How Colchester Compares

Economy & Housing

Household Income Distribution

Under $25K 26.3%
$25K-$50K 9.0%
$50K-$100K 43.0%
$100K+ 21.6%
Detailed income brackets
Under $10K
7.3%
$10K-$15K
0.4%
$15K-$20K
5.3%
$20K-$25K
13.4%
$25K-$30K
3.2%
$30K-$35K
4.5%
$35K-$40K
0.2%
$40K-$45K
0.6%
$45K-$50K
0.6%
$50K-$60K
7.0%
$60K-$75K
19.9%
$75K-$100K
16.2%
$100K-$125K
10.3%
$125K-$150K
6.8%
$150K-$200K
1.7%
$200K+
2.8%

Employment

3.8% Unemployment Rate State: 5.8%|National: 5.2%
64.5% Labor Force Participation

Housing Overview

Owner 74.4%
Renter 25.6%
Affordability Index Very Affordable
1.4x home value to income ratio
Median gross rent $808/mo 15.2% of median household income annually

People & Demographics

Diversity Index

10out of 100
Very Low Diversity

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

State average: 61 | National average: 61

Education

Colchester Rankings in Illinois

#669 Population of 1,445
#797 Median Income of 1,374
#935 Education of 1,444
#973 Home Value of 1,372

Other Cities in McDonough County

CityPopulationMedian IncomePovertyHome Value
Macomb 14,894 $44,411 25.1% $103,300
Bushnell 2,677 $67,518 9.8% $71,900
Blandinsville 666 $52,375 7.9% $68,800
Industry 569 $51,250 18.8% $85,300
Plymouth 456 $41,071 24.6% $56,900
Good Hope 438 $73,636 4.8% $97,000
Prairie City 378 $60,694 11.9% $91,500
Adair 215 N/A 20.5% $90,000
Bardolph 204 $28,750 25.5% $49,300
Tennessee 160 $77,500 6.4% $72,200

Cities Similar to Colchester

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Atwood1,144$62,383$128,20015.0%9.4%
Mendon1,167$65,781$111,60012.9%15.7%
Payson1,100$60,478$132,00017.9%12.4%
Mitchell1,092$60,450$110,5009.6%1.8%
Martinsville1,187$61,833$69,10021.9%23.4%

Population Overview

Colchester is a small community located in Illinois, within McDonough County. The total population is 1,128. It ranks as the 669th most populous out of 1,445 Census-designated places in Illinois.

Age Demographics

The median age in Colchester is 41.6 years. This is 7% higher than the state median of 39.0 years.

Economy, Income & Housing

The median household income in Colchester is $63,981. This is 23% lower than the state median of $83,390. It is also 21% lower than the national median of $80,734. The poverty rate stands at 7.8%. This is 34% lower than the state poverty rate of 11.8%. The unemployment rate is 3.8%. This is 35% lower than the state rate of 5.8%. The median home value is $91,700. Housing costs are 65% lower than the state median of $263,300. With a home-value-to-income ratio of just 1.4x, Colchester is one of the most affordable housing markets in the area. 74.4% of occupied housing units are owner-occupied. This homeownership rate is 11% higher than the state average of 67.1%.

Race & Ethnicity

Colchester has a predominantly White (non-Hispanic) population, comprising 94.6% of all residents. Hispanic or Latino residents account for 3.1%. The White (non-Hispanic) population is significantly higher than the state average (94.6% vs 58.1%). The Hispanic or Latino population (3.1%) is well below the state average of 18.8%.

Education

14.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 63% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.5%.

Data Sources & Methodology

All demographic data for Colchester, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Colchester, Illinois?

Colchester, Illinois has a population of 1,128 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Colchester, IL?

The median household income in Colchester is $63,981, which is 21% lower than the national median of $80,734.

What is the poverty rate in Colchester, IL?

The poverty rate in Colchester is 7.8%. This means approximately 88 residents live below the federal poverty line.

What is the racial makeup of Colchester, Illinois?

Colchester's population is 94.6% White, 0.0% Black, 3.1% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Colchester, IL?

The median home value in Colchester is $91,700. The home-value-to-income ratio is 1.4x.

How educated is Colchester, Illinois?

14.0% of adults (25+) in Colchester hold a bachelor's degree or higher, and 4.1% hold a graduate or professional degree.