Colchester, IL

Full City Profile · Illinois · McDonough County County

3.8 /5.0
B+ Good
1,057 Population 919/sq mi density
$62,500 Median Income $31,944 per capita
$86,500 Home Value $106,592 Zillow
$808 Median Rent 39.7% income on rent
51°F Avg Temperature
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$62,500 median income, 4.4% unemployment
A+
Affordability
5.0 / 5.0
$86,500 home value, $808/mo rent
C
Education
2.5 / 5.0
18.7% bachelor's degree or higher

Colchester, IL

At a Glance

Median Income
$62,500
17% below
$31,944 per capita
Home Value
$86,500
69% below
Zillow: $106,592
Median Rent
$808/mo
31% below
39.7% of income on rent
Bachelor's Degree+
18.7%
45% below
91.8% high school+
Unemployment
4.4%
22% above
2.7% poverty rate
Obesity Rate
37.4%
17% above
16.6% smoking rate
Avg Temperature
51°F

How Colchester Compares to the U.S. Average

Each bar shows Colchester's value as a percentage of the national average (100% = U.S. avg)

Income
83%
Home Value
31%
Rent
69%
Poverty
22%
Bachelor's
55%
Unemployment
122%
Thin vertical line = U.S. national average (100%)

Is Colchester a Good Place to Live?

B+
3.8 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Colchester residents earn a median household income of $62,500 , which is 17% below the national average of $75,149. Per capita income is $31,944. The unemployment rate stands at 4.4% (22% above the U.S. rate of 3.6%). 2.7% of residents live below the poverty line. The area is home to 550 business establishments, including 73 restaurants.

Housing & Cost of Living

The median home value in Colchester is $86,500 , 69% below the national median of $281,900. Zillow estimates the typical home at $106,592. Median rent is $808/month, with 39.7% of renters spending more than 30% of income on housing. The cost of living index is 100.0 (100 = national average). The median home was built in 1960.

Education

18.7% of adults in Colchester hold a bachelor's degree or higher (45% below the national average). 91.8% have completed high school. Local schools score 5.4/10 in standardized testing.

Climate & Weather

Colchester has an average annual temperature of 51°F (10°C). Winters average 23°F in January while summers reach 75°F in July. Annual precipitation totals 39.1 inches.

Data Overview

People

Population1,057
Median Age40.6 yrs
Density919/mi²
Male / Female52% / 48%
Foreign Born0.5%
Veterans12.3%

Economy

B+
Median Income$62,500
Per Capita$31,944
Unemployment4.4%
Poverty2.7%
County GDP$1,455M
Avg Weekly Wage$931

Housing

A+
Home Value$86,500
Rent$808
Ownership73.6%
Zillow$106,592
Housing Units610
Rent Burden39.7%

Health

Obesity37.4%
Diabetes9.8%
Smoking16.6%
Heart Disease5.7%
Premature Death7,860/100K

Climate

Avg Temp51°F
Rain39.1 in/yr
Elevation696 ft

Education

C
Bachelor's+18.7%
High School+91.8%
Graduate+4.4%
School Score5.4/10

Community

2024 VoteR 59% / D 40%
Commute16 min
Broadband86.2%
Internet Speed85 Mbps
EV Stations2
Libraries4

Did You Know?

The median home in Colchester was built in 1960.
The nearest airport is Southeast Iowa Regional (30 miles).
The Gini coefficient (income inequality) is 0.488 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
13.3% of the population has a disability.
The county recorded 2 fatal vehicle crashes.