62326 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: McDonough County
Centroid: Latitude 40.424, Longitude -90.793
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 62326 has segments in 2 Counties (Hancock, McDonough).

Businesses Addresses: 54
PO Box Addresses: 205
Residential Addresses: 865

Multi-Family Addresses: 0
Single Family Addresses: 865

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2020, Maps updated: May 1, 2020.

Colchester, IL 62326 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	2,277 (100%)
Population in Households	2,277 (100.0%)
Population in Families	1,790 (78.6%)
Population in Group Quarters¹	0
Population Density	30
Diversity Index²	6


INCOME
Median Household Income	$49,814
Average Household Income	$63,014
% of Income for Mortgage⁴	7%
Per Capita Income	$27,259
Wealth Index⁵	59

HOUSING
Total HU (Housing Units)	1,182 (100%)
Owner Occupied HU	822 (69.5%)
Renter Occupied HU	163 (13.8%)
Vacant Housing Units	197 (16.7%)
Median Home Value	$85,559
Average Home Value	$110,736
Housing Affordability Index³	333

HOUSEHOLDS
Total Households	985
Average Household Size	2.31
Family Households	647
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Colchester, IL 62326 - Peer Comparisons by Rank and Percentile

The table below compares 62326 to the other 1,372 ZIP Codes in Illinois by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	-1.08%	-1.1%
Households	-0.91%	-0.97%
Families	-1.12%	-1.04%
Median Household Income		1.66%
Per Capita Income		2.36%
Owner Occupied HU		-1.02%

Variable Description	Rank	Percentile
Total Population	# 648	53rd
Population Density	# 894	35th
Median Household Income	# 1076	22nd
Housing Affordability Index	# 1163	85th
Per Capita Income	# 940	32nd
Diversity Index	# 1199	13th

Colchester, IL 62326 ZIP Code Profile

ZIP Code 62326: Basic Data & USPS Preferred City Name

Colchester, IL 62326 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Colchester, IL 62326 - Peer Comparisons by Rank and Percentile

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