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ZipNumbers

Iowa · Census place 15060

Colfax city, IA

Quick answer

Colfax city has 2,089 residents, ranking #160 of 1026 places in Iowa. Median household income is $82,878, the median home is worth $160,500 and median gross rent runs $830 a month.

Population
2,089Colfax city residents
Median household income
$82,878Past 12 months, inflation adjusted
Median home value
$160,500Owner-occupied units
Median gross rent
$830Rent plus utilities, monthly
Median age
33.3 yrsAll residents
Homeownership rate
70.9%Owner-occupied households

What the numbers mean in Colfax city

Housing cost measured against local earnings.

A household earning the Colfax city median would spend about 12% 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 1.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 10.6% of residents and 70.9% 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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