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Colfax, IL

Full City Profile · Illinois · McLean County County

3.1 /5.0
B Good
955 Population 1,736/sq mi density
$71,528 Median Income $43,770 per capita
$123,000 Home Value $164,651 Zillow
$850 Median Rent 22.4% income on rent
51°F Avg Temperature 275 sunny days/yr
98 Violent Crime/100K 688 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$71,528 median income, 5.9% unemployment
A+
Affordability
5.0 / 5.0
$123,000 home value, $850/mo rent
F
Safety
1.0 / 5.0
98 violent crimes/100K
C+
Education
3.0 / 5.0
24.7% bachelor's degree or higher

Colfax, IL

At a Glance

Median Income
$71,528
5% below
$43,770 per capita
Home Value
$123,000
56% below
Zillow: $164,651
Median Rent
$850/mo
27% below
22.4% of income on rent
Violent Crime
98/100K
74% below
688/100K property
Bachelor's Degree+
24.7%
27% below
97.4% high school+
Unemployment
5.9%
64% above
9.4% poverty rate
Obesity Rate
38.1%
19% above
16.1% smoking rate
Avg Temperature
51°F
275 sunny days/yr

How Colfax Compares to the U.S. Average

Each bar shows Colfax's value as a percentage of the national average (100% = U.S. avg)

Income
95%
Home Value
44%
Rent
73%
Poverty
76%
Bachelor's
73%
Unemployment
164%
Crime
26%
Thin vertical line = U.S. national average (100%)

Is Colfax a Good Place to Live?

B
3.1 / 5.0 — Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Colfax residents earn a median household income of $71,528 , which is 5% below the national average of $75,149. Per capita income is $43,770. The unemployment rate stands at 5.9% (64% above the U.S. rate of 3.6%). 9.4% of residents live below the poverty line. The area is home to 3,357 business establishments, including 404 restaurants.

Housing & Cost of Living

The median home value in Colfax is $123,000 , 56% below the national median of $281,900. Zillow estimates the typical home at $164,651. Median rent is $850/month, with 22.4% of renters spending more than 30% of income on housing. The cost of living index is 100.0 (100 = national average). The median home was built in 1952.

Safety & Crime

Colfax reports 98 violent crimes per 100,000 residents , which is 74% below the national average of 380/100K. Property crime is 688/100K. The murder rate is 0.0/100K.

Education

24.7% of adults in Colfax hold a bachelor's degree or higher (27% below the national average). 97.4% have completed high school. Local schools score 6.0/10 in standardized testing.

Climate & Weather

Colfax has an average annual temperature of 51°F (10°C). Winters average 23°F in January while summers reach 73°F in July. The area gets 275 sunny days per year. Annual precipitation totals 36.3 inches. Air quality is rated Good with a median AQI of 43.

Data Overview

People

Population955
Median Age36.8 yrs
Density1,736/mi²
Male / Female49% / 51%
Foreign Born13.6%
Veterans8.3%

Economy

B+
Median Income$71,528
Per Capita$43,770
Unemployment5.9%
Poverty9.4%
County GDP$16,910M
Avg Weekly Wage$1,273

Housing

A+
Home Value$123,000
Rent$850
Ownership77.8%
Zillow$164,651
Housing Units391
Rent Burden22.4%

Crime

F
Violent98/100K
Property688/100K
Murder0.0/100K
Assault98/100K
Burglary393/100K

Health

Obesity38.1%
Diabetes9.9%
Smoking16.1%
Heart Disease5.7%
Premature Death6,618/100K

Climate

Avg Temp51°F
Sunny Days275/yr
Rain36.3 in/yr
AQI43 (Good)
Elevation753 ft

Education

C+
Bachelor's+24.7%
High School+97.4%
Graduate+7.6%
School Score6.0/10

Community

2024 VoteR 47% / D 52%
Commute33 min
Broadband88.0%
Internet Speed118 Mbps
EV Stations1
Libraries15

Did You Know?

The median home in Colfax was built in 1952.
The nearest airport is Central Il Regional/Bloomington-Normal (17 miles).
The Gini coefficient (income inequality) is 0.480 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
9.3% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 118 Mbps.
There are 404 restaurants in the area.
The county recorded 20 fatal vehicle crashes.