Living in Colfax, Wisconsin
Cost of living, income, home prices, rent and demographics of Colfax · Census data 2020–2024
Colfax has 1,370 residents with a median age of 40. The median household income is $61,762 (20% lower than the Wisconsin median), the median home value is $173,500, the median rent is $698/month.
Colfax is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Colfax at a glance
- Population
- 1,370
- Median age
- 40State: 40.2
- Median household income
- $61,762State: $77,485
- Median home value
- $173,500State: $266,500
- Median rent
- $698/moState: $1,087
- Homeowners
- 44.6%
- Bachelor's degree or higher
- 15.7%
- Average commute
- 26 min
Is Colfax a good place to live?
Pros: Home values 35% lower than the state median.
Cons: Median household income 20% lower than the Wisconsin median; an average commute of 26 minutes; unemployment of 9.4%; a poverty rate of 12.3%.
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 $173,500, 48% lower than the U.S. median. Renters pay a median of $698 per month, which is 16.7% of household income. Homeowners with a mortgage pay $1,392 a month in housing costs.
Colfax median household income
The median household income in Colfax is $61,762 and the income per person is $35,345. 12.3% of residents live below the poverty line (Wisconsin: 10.6%).
Housing in Colfax: homes for sale and rent
- Housing units
- 673
- Owner-occupied
- 44.6%
- Renter-occupied
- 55.4%
- Vacant
- 4.8%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.07
Colfax demographics
- Population
- 1,370
- Median age
- 40
- Under 18
- 20.1%
- 65 and older
- 22.8%
- Households
- 641
- Foreign-born
- 1.3%
- Veterans
- 5.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Colfax ›
Education in Colfax
15.7% of adults 25 and older in Colfax have a bachelor's degree or higher (Wisconsin: 33.4%), and 2.7% have a graduate or professional degree.
Jobs and commute in Colfax
- Unemployment rate
- 9.4%State: 3.2%
- Average commute
- 26 minState: 22 min
- Work from home
- 4.5%
- Drive alone
- 84.4%
- Public transit
- 0.4%
- Walk to work
- 3.6%
- Homes with broadband
- 89.7%
Colfax vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Colfax | 1,370 | $61,762 | $173,500 | $698 |
| Tainter Lake | 2,609 | $105,781 | $299,800 | $1,069 |
| Elk Mound | 1,096 | $66,875 | $150,000 | $1,050 |
| Wheeler | 316 | $83,750 | $150,700 | $780 |
| Menomonie | 16,539 | $56,889 | $220,800 | $970 |
| Bloomer | 3,673 | $58,106 | $214,000 | $895 |
| Boyceville | 1,083 | $59,464 | $163,700 | $840 |
| New Auburn | 531 | $66,932 | $169,900 | $891 |
| Ridgeland | 313 | $40,156 | $122,200 | $535 |
More for people moving to Colfax
Colfax ZIP code ›Weather and climate ›Living in Colfax: FAQ
What is the median household income in Colfax, WI?
The median household income in Colfax is $61,762, 20% lower than the Wisconsin median of $77,485 (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 $173,500, compared with $266,500 in Wisconsin.
How much is rent in Colfax?
The median gross rent in Colfax is $698 per month, about 16.7% of household income.
Is Colfax, WI a good place to live?
Pluses: home values 35% lower than the state median. Minuses: median household income 20% lower than the Wisconsin median; an average commute of 26 minutes; unemployment of 9.4%; a poverty rate of 12.3%.
What is the median age in Colfax?
The median age in Colfax is 40 years (Wisconsin: 40.2).
How long is the commute in Colfax?
The average commute to work in Colfax is 26 minutes; 4.5% of workers work from home.
What is the unemployment rate in Colfax?
The unemployment rate in Colfax is 9.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Colfax?
15.7% 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.
Last updated: