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Population & People
Population
4,868
Median age
54.2
Median household income
$86,760
Poverty rate
5.7%
Unemployment rate
3.0%
Bachelor's degree+
33.0%
Avg. commute
26 min
Hispanic or Latino
3.6%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$294,600
Median gross rent
$1,475/mo
Homeownership rate
53.45%
HUD FMR — 2 bedroom
$1,901
HUD Fair Market Rent (Connecticut statewide average across 169 areas — not specific to Colchester), 2026. Efficiency $1314, 1BR $1538, 2BR $1901, 3BR $2348, 4BR $2741. This is a different official figure from Census median gross rent above.
Energy
Connecticut commercial electricity
23.11¢/kWh
Connecticut industrial electricity
18.35¢/kWh
Connecticut residential electricity
29.38¢/kWh
Economy
Gross Domestic Product: All Industry Total
376455
Real Gross Domestic Product: All Industry Total
293002.8
All-Transactions House Price Index for Connecticut
736.5
Unemployment Rate
5.2%
Source: FRED, Connecticut-specific series.
