Colfax, WI
Population 1,344 · Wisconsin
About Colfax, WI
Colfax is a small town located in Wisconsin with a population of 1,344 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,842 per year, which is 20% below the national median of $75,149. The median age of 40 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 $157,000, which is 36% 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 $699, 40% below the national average of $1,163/month. Of the 656 total housing units, 44% are owner-occupied (274 units) and 56% are renter-occupied (352 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Colfax shows an unemployment rate of 10.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.8%, above the national average of 12.4%. Workers in Colfax have an average one-way commute time of 27.7 minutes.
Education & Demographics
13.6% of Colfax residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.3% White, 1.8% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 5.3% of the population being foreign-born.
Cost of Living in Colfax, WI
Compared to national averages, Colfax has a median household income of $59,842 (20% below the national median of $75,149). Home values average $157,000, which is 36% below the national median. Monthly rent at $699 is 40% below the US average of $1,163. Within Wisconsin, Colfax's income is 18% below the state average of $72,579, and home values are 24% below the state median of $205,802.
Why Live in Colfax, WI?
Colfax offers affordable housing with a median home value of $157,000, below the US average of $244,900, and rent that’s lower than the national average at $699/month.
Potential considerations include median household income ($59,842) 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 1,344 with a median age of 40 years. Compare Colfax with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Colfax
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lauderdale Lakes | 1,337 | $83,698 | $313,800 | Compare |
| Gillett | 1,333 | $55,323 | $110,800 | Compare |
| Cornell | 1,331 | $60,667 | $142,100 | Compare |
| Grantsburg | 1,359 | $40,625 | $139,600 | Compare |
| Loyal | 1,361 | $63,750 | $114,700 | Compare |
| Hillsboro | 1,324 | $63,750 | $146,600 | Compare |
| Edgar | 1,366 | $61,442 | $165,900 | Compare |
| Theresa | 1,320 | $70,959 | $160,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wisconsin
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Colfax With Other Cities
Frequently Asked Questions about Colfax
What is the population of Colfax, WI?
The population of Colfax, WI is 1,344 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Wisconsin.
What is the median household income in Colfax?
The median household income in Colfax, WI is $59,842 per year, which is 20% below the national median of $75,149.
What is the median home value in Colfax?
The median home value in Colfax, WI is $157,000, which is 36% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Colfax?
The median monthly rent in Colfax, WI is $699, which is 40% below the national average of $1,163/month.
What is the unemployment rate in Colfax?
The unemployment rate in Colfax, WI is 10.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Colfax, WI a good place to live?
Colfax offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,344 and a median age of 40, the city appeals to a broad range of residents.
How educated is Colfax, WI?
13.6% of residents in Colfax aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Colfax?
Key cost-of-living indicators for Colfax, WI: median home value is $157,000 (36% below national), median rent is $699/month, and median household income is $59,842. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Colfax?
The poverty rate in Colfax, WI is 13.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Colfax, WI?
Colfax's population is 0.3% White, 1.8% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 1.3% two or more races. 5.3% of residents are foreign-born.