Colchester is a medium-sized town located in the state of Vermont. With a population of 17,524 people and five constituent neighborhoods, Colchester is the fourth largest community in Vermont.
Colchester home prices are not only among the most expensive in Vermont, but Colchester real estate also consistently ranks among the most expensive in America.
Colchester is a decidedly white-collar town, with fully 85.49% of the workforce employed in white-collar jobs, well above the national average. Overall, Colchester is a town of professionals, sales and office workers, and service providers. There are especially a lot of people living in Colchester who work in office and administrative support (16.40%), management occupations (9.11%), and teaching (7.36%).
Also of interest is that Colchester has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.02% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because there are quite a few people attending college in Colchester, it is thought of as a college town. To the benefit of the many students in the area, Colchester provides a number of services, amenities and opportunities geared towards their needs and activities.
The education level of Colchester ranks among the highest in the nation. Of the 25-and-older adult population in Colchester, 45.58% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.
The per capita income in Colchester in 2018 was $36,940, which is upper middle income relative to Vermont and the nation. This equates to an annual income of $147,760 for a family of four. However, Colchester contains both very wealthy and poor people as well.
The people who call Colchester home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Colchester residents report their race to be White, followed by Asian. Important ancestries of people in Colchester include Irish, English, French, Italian, and French Canadian.
The most common language spoken in Colchester is English. Other important languages spoken here include Spanish and Slavic languages.