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Colchester, Connecticut

CDP · New London County

At a glance

4,692
Population
$294,600
Median home value (all homes)
3% below U.S. median
$448,152
Typical market value
Zillow, 2026-07
$1,475/mo
Median rent
9% above U.S. median
$86,760
Median household income
10% above U.S. median
31.5 min
Average commute
92.2%
Homes with broadband
45.03%
Locations with fiber available
3%
Unemployment

Cost of living (Clay Affordability Index)

CAI 103 — 3% above the national average. how it's computed

Housing15% above
Goods & services1% above
Utilities29% above
Taxes33% below
Insurance5% above
Commute cost16% above
For business: Connecticut is CBII band 3/5 · time to build band 3/5. See state page for the breakdown.

Living here

Nearest 4-year college12 mi
Nearest community college13 mi
Nearest technical college19 mi
High school graduates95.6%
College graduates33%

Doing business here

Economic development contacts, most local first:

city Colchester Economic Development
The Economic Development Commission (EDC) is empowered to promote the business and industrial resources of the Town of Colchester and to serve as Town's designated Development Agency. The Commission provides links to valuable resources for businesses currently established in Colchester or planning to locate in Colchester, including financing, clean energy infrastructure, workforce development, local tax incentives, and more.
state Connecticut Dept. Econ. Dev.
Connecticut Department of Economic and Community Development (DECD) is the state agency that supports economic development and community development in Connecticut, including business development, small business resources, brownfield redevelopment, film, arts and tourism initiatives, and related programs. It provides contact points for in-state and out-of-state companies seeking assistance and coordinates various grant and program opportunities.
State sales taxYes
State income taxYes
Right-to-work stateNo

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