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The median household income in Colchester town was $112,984 in 2021, which marked an a decrease of 9,298(7.60%) from $122,282 in 2020. This income is 151.44% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Colchester town sees its highest median household income among householders in the age group of 25 to 44 years old, at $141,935. Overall, the median household income for the town of Colchester town stands at $112,984.
In Colchester town, the median income for all workers aged 15 years and older, regardless of work hours, was $65,675 for males and $48,183 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $87,109 for males and $86,967 for females.
In Colchester town, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Some Other Race households have the highest median household income at $176,479, while White households represent the opposite end with the lowest median household income of $109,107.
In 2021, the population of Colchester town was 15,501, a 0.14% increase year-by-year from 2020. Previously, in 2020, Colchester town's population was 15,479, a decline of 2.41% compared to a population of 15,861 in 2019.
The median age in Colchester, Connecticut is 42.7, as per 2021 ACS 5-Year Estimates. Of the total population, 18.87% were under the age of 15, 14.10% aged 15 to 29, 51.32% aged 30 to 64, 13.99% aged 65 to 84, and 1.72% were 85 years of age and older.
The total population of Colchester town is estimated to be 15,552 with 8,046 males (51.74%) and 7,506 females (48.26%). There are 540 less females than males in Colchester town.
Racial distribution of Colchester town population: 90.01% are White, 2.91% are Black or African American, 1.23% are Asian, 1.32% are some other race and 4.52% are multiracial.