Living in Colfax, Indiana
Cost of living, income, home prices, rent and demographics of Colfax · Census data 2020–2024
Colfax has 906 residents with a median age of 32.7. The median household income is $63,281 (12% lower than the Indiana median), the median home value is $130,100, the median rent is $733/month.
Colfax is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Colfax at a glance
- Population
- 906
- Median age
- 32.7State: 38.1
- Median household income
- $63,281State: $71,957
- Median home value
- $130,100State: $218,200
- Median rent
- $733/moState: $1,062
- Homeowners
- 80.2%
- Bachelor's degree or higher
- 5.8%
- Average commute
- 29 min
Is Colfax a good place to live?
Pros: Home values 40% lower than the state median; a poverty rate of 8.2%.
Cons: Median household income 12% lower than the Indiana median; an average commute of 29 minutes; unemployment of 4.4%.
The weather is best in June to September.
Cost of living in Colfax
Housing is the biggest part of the cost of living. In Colfax the median home value is $130,100, 61% lower than the U.S. median. Renters pay a median of $733 per month, which is 51% of household income. Homeowners with a mortgage pay $1,106 a month in housing costs.
Colfax median household income
The median household income in Colfax is $63,281 and the income per person is $24,973. 8.2% of residents live below the poverty line (Indiana: 12.3%).
Housing in Colfax: homes for sale and rent
- Housing units
- 377
- Owner-occupied
- 80.2%
- Renter-occupied
- 19.8%
- Vacant
- 14.1%Includes seasonal homes
- Median year built
- 1952
- Average household size
- 2.80
Colfax demographics
- Population
- 906
- Median age
- 32.7
- Under 18
- 30.2%
- 65 and older
- 12.9%
- Households
- 324
- Foreign-born
- 0%
- Veterans
- 6.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Colfax ›
Education in Colfax
5.8% of adults 25 and older in Colfax have a bachelor's degree or higher (Indiana: 29.5%), and 0.7% have a graduate or professional degree.
Jobs and commute in Colfax
- Unemployment rate
- 4.4%State: 4.3%
- Average commute
- 29 minState: 24 min
- Work from home
- 8.7%
- Drive alone
- 80.4%
- Public transit
- 0%
- Walk to work
- 2%
- Homes with broadband
- 75.9%
Colfax vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Colfax | 906 | $63,281 | $130,100 | $733 |
| Clarks Hill | 700 | $46,806 | $93,600 | $649 |
| Thorntown | 1,212 | $73,750 | $193,800 | $928 |
| Darlington | 798 | $57,656 | $120,500 | $791 |
| Stockwell | 286 | $60,988 | $105,900 | — |
| Antioch | 129 | $115,938 | $217,200 | — |
| Frankfort | 15,917 | $57,412 | $138,600 | $898 |
| Mulberry | 1,265 | $58,950 | $142,900 | $781 |
| Linden | 590 | $67,981 | $141,800 | $735 |
More for people moving to Colfax
Colfax ZIP code ›Weather and climate ›Living in Colfax: FAQ
What is the median household income in Colfax, IN?
The median household income in Colfax is $63,281, 12% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Colfax?
The median home value in Colfax is $130,100, compared with $218,200 in Indiana.
How much is rent in Colfax?
The median gross rent in Colfax is $733 per month, about 51% of household income.
Is Colfax, IN a good place to live?
Pluses: home values 40% lower than the state median; a poverty rate of 8.2%. Minuses: median household income 12% lower than the Indiana median; an average commute of 29 minutes; unemployment of 4.4%.
What is the median age in Colfax?
The median age in Colfax is 32.7 years (Indiana: 38.1).
How long is the commute in Colfax?
The average commute to work in Colfax is 29 minutes; 8.7% of workers work from home.
What is the unemployment rate in Colfax?
The unemployment rate in Colfax is 4.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Colfax?
5.8% of adults in Colfax have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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