Colfax, IA
Population 2,089 · Iowa
About Colfax, IA
Colfax is a small community in Iowa with a population of 2,089 residents. The median household income is $82,878 per year, which is above the national average. The median age in Colfax is 33.3 years.
Housing in Colfax has a median home value of $160,500 and median monthly rent of $830. Of the 851 total housing units, the majority are owner-occupied, with 535 owner-occupied and 220 renter-occupied units.
The unemployment rate in Colfax is 3.7% and the poverty rate is 10.6%. 20.8% of residents hold a bachelor's degree or higher. The average commute time is 21.4 minutes.
Cost of Living in Colfax, IA
Compared to national averages, Colfax has a median household income of $82,878 (10% above the national median of $75,149). Home values average $160,500, which is 34% below the national median. Monthly rent at $830 is 29% below the US average of $1,163. Within Iowa, Colfax's income is 22% above the state average of $67,947, and home values are 21% above the state median of $132,237.
Why Live in Colfax, IA?
Colfax offers a strong local economy with a median household income of $82,878, well above the national average, and affordable housing with a median home value of $160,500, below the US average of $244,900, and rent that’s lower than the national average at $830/month. Additionally, the city features a low poverty rate of 10.6%, better than the national average, and short commute times averaging just 21.4 minutes.
Colfax has a population of 2,089 with a median age of 33.3 years. Compare Colfax with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Colfax
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Toledo | 2,079 | $56,719 | $124,000 | Compare |
| Monroe | 2,074 | $81,488 | $173,500 | Compare |
| Audubon | 2,069 | $41,389 | $92,800 | Compare |
| Dallas Center | 2,058 | $88,750 | $231,100 | Compare |
| Lamoni | 2,121 | $52,300 | $107,900 | Compare |
| Lake Mills | 2,054 | $70,333 | $127,100 | Compare |
| Columbus Junction | 2,129 | $76,518 | $114,200 | Compare |
| Ely | 2,033 | $102,262 | $275,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
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, IA?
The population of Colfax, IA is 2,089 according to the latest Census data.
What is the median household income in Colfax?
The median household income in Colfax, IA is $82,878 per year.
What is the median home value in Colfax?
The median home value in Colfax, IA is $160,500.
What is the average rent in Colfax?
The median monthly rent in Colfax, IA is $830.
What is the unemployment rate in Colfax?
The unemployment rate in Colfax, IA is 3.7%.