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ZipNumbers

Illinois · Census place 15495

Colfax village, IL

Quick answer

Colfax village has 955 residents, ranking #717 of 1462 places in Illinois. Median household income is $71,528, the median home is worth $123,000 and median gross rent runs $850 a month.

Population
955Colfax village residents
Median household income
$71,528Past 12 months, inflation adjusted
Median home value
$123,000Owner-occupied units
Median gross rent
$850Rent plus utilities, monthly
Median age
36.8 yrsAll residents
Homeownership rate
77.8%Owner-occupied households

What the numbers mean in Colfax village

Housing cost measured against local earnings.

A household earning the Colfax village median would spend about 14.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.7% of residents and 77.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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