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ZipNumbers

Indiana · Census place 14284

Colfax town, IN

Quick answer

Colfax town has 926 residents, ranking #373 of 976 places in Indiana. Median household income is $61,964, the median home is worth $114,300 and median gross rent runs $908 a month.

Population
926Colfax town residents
Median household income
$61,964Past 12 months, inflation adjusted
Median home value
$114,300Owner-occupied units
Median gross rent
$908Rent plus utilities, monthly
Median age
31.7 yrsAll residents
Homeownership rate
74.1%Owner-occupied households

What the numbers mean in Colfax town

Housing cost measured against local earnings.

A household earning the Colfax town median would spend about 17.6% 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 1.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.9% of residents and 74.1% 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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