Colfax, ND
Population 265 · North Dakota
About Colfax, ND
Colfax is a small community located in North Dakota with a population of 265 residents according to the latest US Census Bureau American Community Survey data. The median household income is $114,375 per year, which is 52% above the national median of $75,149. The median age of 37.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Colfax features a median home value of $202,800, which is 17% below the national median of $244,900. This positions Colfax in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 73 total housing units, 97% are owner-occupied (71 units) and 3% are renter-occupied (2 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Colfax shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Colfax have an average one-way commute time of 21.1 minutes.
Education & Demographics
56.7% of Colfax residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 7.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.8% Asian residents, with 0.0% of the population being foreign-born.
How Colfax Ranks in North Dakota
Cost of Living in Colfax, ND
Compared to national averages, Colfax has a median household income of $114,375 (52% above the national median of $75,149). Home values average $202,800, which is 17% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within North Dakota, Colfax's income is 57% above the state average of $72,691, and home values are 45% above the state median of $139,496.
Why Live in Colfax, ND?
Colfax offers a strong local economy with a median household income of $114,375, well above the national average, and affordable housing with a median home value of $202,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 56.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 21.1 minutes.
Colfax has a population of 265 with a median age of 37.5 years. Compare Colfax with other cities to see how it stacks up, or explore all cities in North Dakota.
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Demographics
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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, ND?
The population of Colfax, ND is 265 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in North Dakota.
What is the median household income in Colfax?
The median household income in Colfax, ND is $114,375 per year, which is 52% above the national median of $75,149.
What is the median home value in Colfax?
The median home value in Colfax, ND is $202,800, which is 17% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Colfax?
The median monthly rent in Colfax, ND is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Colfax?
The unemployment rate in Colfax, ND is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Colfax, ND a good place to live?
Colfax offers above-average incomes, affordable housing, and a strong job market. With a population of 265 and a median age of 37.5, the city appeals to a broad range of residents.
How educated is Colfax, ND?
56.7% of residents in Colfax aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Colfax?
Key cost-of-living indicators for Colfax, ND: median home value is $202,800 (17% below national), median rent is $0/month, and median household income is $114,375. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Colfax?
The poverty rate in Colfax, ND is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Colfax, ND?
Colfax's population is 7.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.8% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.