Colfax, IN

Full City Profile · Indiana · Clinton County County

3.5 /5.0
B+ Good
926 Population 2,503/sq mi density
$61,964 Median Income $28,968 per capita
$114,300 Home Value $234,806 Zillow
$908 Median Rent 41.9% income on rent
52°F Avg Temperature
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$61,964 median income, 3.3% unemployment
A+
Affordability
5.0 / 5.0
$114,300 home value, $908/mo rent
F
Education
1.5 / 5.0
5.9% bachelor's degree or higher

Colfax, IN

At a Glance

Median Income
$61,964
18% below
$28,968 per capita
Home Value
$114,300
59% below
Zillow: $234,806
Median Rent
$908/mo
22% below
41.9% of income on rent
Bachelor's Degree+
5.9%
82% below
93.5% high school+
Unemployment
3.3%
8% below
3.7% poverty rate
Obesity Rate
38.1%
19% above
16.0% smoking rate
Avg Temperature
52°F

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
82%
Home Value
41%
Rent
78%
Poverty
30%
Bachelor's
18%
Unemployment
92%
Thin vertical line = U.S. national average (100%)

Is Colfax a Good Place to Live?

B+
3.5 / 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 $61,964 , which is 18% below the national average of $75,149. Per capita income is $28,968. The unemployment rate stands at 3.3% (8% below the U.S. rate of 3.6%). 3.7% of residents live below the poverty line. The area is home to 634 business establishments, including 54 restaurants.

Housing & Cost of Living

The median home value in Colfax is $114,300 , 59% below the national median of $281,900. Zillow estimates the typical home at $234,806. Median rent is $908/month, with 41.9% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1952.

Education

5.9% of adults in Colfax hold a bachelor's degree or higher (82% below the national average). 93.5% have completed high school. Local schools score 5.4/10 in standardized testing.

Climate & Weather

Colfax has an average annual temperature of 52°F (11°C). Winters average 26°F in January while summers reach 74°F in July. Annual precipitation totals 42.1 inches.

Data Overview

People

Population926
Median Age31.7 yrs
Density2,503/mi²
Male / Female52% / 48%
Foreign Born0.0%
Veterans10.4%

Economy

A
Median Income$61,964
Per Capita$28,968
Unemployment3.3%
Poverty3.7%
County GDP$2,022M
Avg Weekly Wage$1,019

Housing

A+
Home Value$114,300
Rent$908
Ownership74.1%
Zillow$234,806
Housing Units318
Rent Burden41.9%

Health

Obesity38.1%
Diabetes9.9%
Smoking16.0%
Heart Disease5.4%
Premature Death9,709/100K

Climate

Avg Temp52°F
Rain42.1 in/yr
Elevation845 ft

Education

F
Bachelor's+5.9%
High School+93.5%
Graduate+0.8%
School Score5.4/10

Community

2024 VoteR 73% / D 25%
Commute27 min
Broadband74.1%
Internet Speed87 Mbps
EV Stations6
Libraries7

Did You Know?

Colfax was founded in 1849.
The median home in Colfax was built in 1952.
The nearest airport is Indianapolis International (38 miles).
The Gini coefficient (income inequality) is 0.382 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
10.8% of the population has a disability.
The county recorded 5 fatal vehicle crashes.