Colfax, IL
Population 955 · Illinois
About Colfax, IL
Colfax is a small community in Illinois with a population of 955 residents. The median household income is $71,528 per year, which is above the national average. The median age in Colfax is 36.8 years.
Housing in Colfax has a median home value of $123,000 and median monthly rent of $850. Of the 387 total housing units, the majority are owner-occupied, with 284 owner-occupied and 81 renter-occupied units.
The unemployment rate in Colfax is 9.6% and the poverty rate is 8.7%. 24.7% of residents hold a bachelor's degree or higher. The average commute time is 33.2 minutes.
Cost of Living in Colfax, IL
Compared to national averages, Colfax has a median household income of $71,528 (5% below the national median of $75,149). Home values average $123,000, which is 50% below the national median. Monthly rent at $850 is 27% below the US average of $1,163. Within Illinois, Colfax's income is 5% below the state average of $75,072, and home values are 26% below the state median of $165,779.
Why Live in Colfax, IL?
Colfax offers affordable housing with a median home value of $123,000, below the US average of $244,900, and rent that’s lower than the national average at $850/month, and a low poverty rate of 8.7%, better than the national average.
Potential considerations include median household income ($71,528) that falls below the national average. However, Colfax’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Colfax has a population of 955 with a median age of 36.8 years. Compare Colfax with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Colfax
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Annawan | 955 | $71,250 | $138,200 | Compare |
| Essex | 956 | $101,094 | $219,000 | Compare |
| Orangeville | 957 | $70,833 | $135,600 | Compare |
| Danvers | 951 | $66,964 | $156,500 | Compare |
| Cissna Park | 960 | $50,625 | $117,900 | Compare |
| South Pekin | 949 | $64,750 | $106,000 | Compare |
| Harrison | 948 | $75,417 | $128,600 | Compare |
| Oakland | 948 | $49,571 | $97,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Colfax
What is the population of Colfax, IL?
The population of Colfax, IL is 955 according to the latest Census data.
What is the median household income in Colfax?
The median household income in Colfax, IL is $71,528 per year.
What is the median home value in Colfax?
The median home value in Colfax, IL is $123,000.
What is the average rent in Colfax?
The median monthly rent in Colfax, IL is $850.
What is the unemployment rate in Colfax?
The unemployment rate in Colfax, IL is 9.6%.