In the city of Colchester, Connecticut, the Population & Steets is a key economic indicator. The area has a population of 4,309. The median household income in the city is $70625. However, the poverty rate in the city is higher than the national average, so it's important to know exactly how many people are living in poverty in Colchester. This page provides the Population & Steets of Colchester.
The town's early settlements were mostly self-sufficient, but in the early 1800s, the town grew quickly. The town became home to one of the first textile mills in the United States. Early industries included iron works, clothier shops, and brick kilns. By the 19th century, Colchester was showing signs of industrial expansion, with three tanneries, a hatter, and a wheel and carriage factory. In the following century, there was also a paper mill, a creamery, and a canning company.
The town was settled by Normans in the late 11th century. The town was founded on the site of an ancient temple dedicated to Claudius. In 1216, Baroque architecture was popular and the town was overrun by French soldiers. Today, the town is home to the University of Essex, and the town is governed by the Borough of Colchester and Essex County Council. The association between Colchester and King Coel is mostly a myth, but it has no academic merit.
Among the residents of Colchester, a large percentage of the residents are renters. The rent burden is useful when estimating the affordability of housing in a city. For instance, in Colchester, the rent burden is lower than the state average of 31.7%. Additionally, 44.3% of Colchester's housing units are occupied by renters. These statistics are quite significant. Considering the high rate of renters, this figure indicates that the economy is improving.