Living in Colfax, Louisiana
Cost of living, income, home prices, rent and demographics of Colfax · Census data 2020–2024
Colfax has 1,240 residents with a median age of 41.3. The median household income is $26,250 (57% lower than the Louisiana median), the median home value is $73,400, the median rent is $499/month.
Colfax is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Colfax at a glance
- Population
- 1,240
- Median age
- 41.3State: 38
- Median household income
- $26,250State: $60,756
- Median home value
- $73,400State: $216,500
- Median rent
- $499/moState: $1,064
- Homeowners
- 53.4%
- Bachelor's degree or higher
- 9.5%
- Average commute
- 26 min
Is Colfax a good place to live?
Pros: Home values 66% lower than the state median; unemployment of 5.8%.
Cons: Median household income 57% lower than the Louisiana median; an average commute of 26 minutes; a poverty rate of 37.3%.
The weather is best in April–May and September–October.
Cost of living in Colfax
Housing is the biggest part of the cost of living. In Colfax the median home value is $73,400, 78% lower than the U.S. median. Renters pay a median of $499 per month, which is 30.6% of household income. Homeowners with a mortgage pay $1,071 a month in housing costs.
Colfax median household income
The median household income in Colfax is $26,250 and the income per person is $15,208. 37.3% of residents live below the poverty line (Louisiana: 18.9%).
Housing in Colfax: homes for sale and rent
- Housing units
- 718
- Owner-occupied
- 53.4%
- Renter-occupied
- 46.6%
- Vacant
- 28%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.08
Colfax demographics
- Population
- 1,240
- Median age
- 41.3
- Under 18
- 26.8%
- 65 and older
- 24.4%
- Households
- 517
- Foreign-born
- 0.3%
- Veterans
- 9.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Colfax ›
Education in Colfax
9.5% of adults 25 and older in Colfax have a bachelor's degree or higher (Louisiana: 27%), and 0.9% have a graduate or professional degree.
Jobs and commute in Colfax
- Unemployment rate
- 5.8%State: 6.3%
- Average commute
- 26 minState: 26 min
- Work from home
- 4.6%
- Drive alone
- 85.1%
- Public transit
- 0%
- Walk to work
- 5%
- Homes with broadband
- 70.2%
Colfax vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Colfax | 1,240 | $26,250 | $73,400 | $499 |
| Boyce | 1,037 | $37,895 | $86,000 | $620 |
| Dry Prong | 369 | $61,625 | $197,500 | $1,000 |
| Prospect | 378 | $89,688 | $173,000 | — |
| Creola | 221 | $61,250 | — | $1,225 |
| Montgomery | 941 | $57,470 | $78,100 | $1,071 |
| Pollock | 460 | $34,583 | $114,800 | $690 |
| Ball | 3,869 | $80,074 | $175,800 | $1,337 |
| Alexandria | 44,060 | $47,113 | $183,700 | $931 |
More for people moving to Colfax
Colfax ZIP code ›Weather and climate ›Living in Colfax: FAQ
What is the median household income in Colfax, LA?
The median household income in Colfax is $26,250, 57% lower than the Louisiana median of $60,756 (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 $73,400, compared with $216,500 in Louisiana.
How much is rent in Colfax?
The median gross rent in Colfax is $499 per month, about 30.6% of household income.
Is Colfax, LA a good place to live?
Pluses: home values 66% lower than the state median; unemployment of 5.8%. Minuses: median household income 57% lower than the Louisiana median; an average commute of 26 minutes; a poverty rate of 37.3%.
What is the median age in Colfax?
The median age in Colfax is 41.3 years (Louisiana: 38).
How long is the commute in Colfax?
The average commute to work in Colfax is 26 minutes; 4.6% of workers work from home.
What is the unemployment rate in Colfax?
The unemployment rate in Colfax is 5.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Colfax?
9.5% 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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