Living in Colfax, Iowa
Cost of living, income, home prices, rent and demographics of Colfax · Census data 2020–2024
Colfax has 2,210 residents with a median age of 33.1. The median household income is $79,318 (6% higher than the Iowa median), the median home value is $178,000, the median rent is $789/month.
Colfax at a glance
- Population
- 2,210
- Median age
- 33.1State: 38.6
- Median household income
- $79,318State: $75,059
- Median home value
- $178,000State: $208,000
- Median rent
- $789/moState: $972
- Homeowners
- 69%
- Bachelor's degree or higher
- 22.2%
- Average commute
- 20 min
Is Colfax a good place to live?
Pros: Median household income 6% higher than the Iowa median; home values 14% lower than the state median; an average commute of 20 minutes; a poverty rate of 9.1%.
Cons: Unemployment of 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 $178,000, 46% lower than the U.S. median. Renters pay a median of $789 per month, which is 26.1% of household income. Homeowners with a mortgage pay $1,333 a month in housing costs.
Colfax median household income
The median household income in Colfax is $79,318 and the income per person is $36,825. 9.1% of residents live below the poverty line (Iowa: 11.1%).
Housing in Colfax: homes for sale and rent
- Housing units
- 911
- Owner-occupied
- 69%
- Renter-occupied
- 31%
- Vacant
- 7.1%Includes seasonal homes
- Median year built
- 1953
- Average household size
- 2.54
Colfax demographics
- Population
- 2,210
- Median age
- 33.1
- Under 18
- 29.4%
- 65 and older
- 15.9%
- Households
- 846
- Foreign-born
- 2.4%
- Veterans
- 9%Adults 18+
Hispanic or Latino can be of any race. Population history of Colfax ›
Education in Colfax
22.2% of adults 25 and older in Colfax have a bachelor's degree or higher (Iowa: 31.4%), and 6.7% have a graduate or professional degree.
Jobs and commute in Colfax
- Unemployment rate
- 4%State: 3.6%
- Average commute
- 20 minState: 20 min
- Work from home
- 7.9%
- Drive alone
- 78.1%
- Public transit
- 0%
- Walk to work
- 3.1%
- Homes with broadband
- 88.4%
Colfax vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Colfax | 2,210 | $79,318 | $178,000 | $789 |
| Prairie City | 1,711 | $78,295 | $190,600 | $800 |
| Mingo | 328 | $71,000 | $144,300 | $734 |
| Mitchellville | 2,579 | $81,172 | $206,600 | $779 |
| Lambs Grove | 181 | $93,750 | $200,000 | — |
| Newton | 15,700 | $57,771 | $153,700 | $819 |
| Baxter | 1,247 | $60,952 | $166,700 | $900 |
| Bondurant | 8,560 | $135,674 | $318,800 | $1,337 |
| Altoona | 21,495 | $86,114 | $274,600 | $1,235 |
More for people moving to Colfax
Colfax ZIP code ›Weather and climate ›Living in Colfax: FAQ
What is the median household income in Colfax, IA?
The median household income in Colfax is $79,318, 6% higher than the Iowa median of $75,059 (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 $178,000, compared with $208,000 in Iowa.
How much is rent in Colfax?
The median gross rent in Colfax is $789 per month, about 26.1% of household income.
Is Colfax, IA a good place to live?
Pluses: median household income 6% higher than the Iowa median; home values 14% lower than the state median; an average commute of 20 minutes; a poverty rate of 9.1%. Minuses: unemployment of 4%.
What is the median age in Colfax?
The median age in Colfax is 33.1 years (Iowa: 38.6).
How long is the commute in Colfax?
The average commute to work in Colfax is 20 minutes; 7.9% of workers work from home.
What is the unemployment rate in Colfax?
The unemployment rate in Colfax is 4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Colfax?
22.2% 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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