Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 36.9 yrs |
|---|---|
| Avg HH Size | 2.63 |
| Below Poverty | 6.2% ▼ 38% below avg |
| College Grads | 38.0% ≈ Avg |
| Unemployment | 7.0% ▲ 42% above avg |
| No HS Diploma | 5 (0.6%) |
| HS Graduate | 264 (30.6%) |
| Some College | 158 (18.3%) |
| Associates | 108 (12.5%) |
| Bachelors | 82 (9.5%) |
| Graduate Degree | 246 (28.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $93,654 ▲ 23% above avg |
|---|---|
| Median Home Value | $152,200 ▼ 45% below avg |
| Home/Income Ratio | 1.6x (nat avg ~3.5x) |
| Median Rent | $799/mo |
| Total Housing Units | 531 |
| Vacant Units | 39 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Colfax is a city in Illinois, located in McLean County. The city spans 1 ZIP code and is home to approximately 1,316 residents. It is a relatively young city, with a median age of 36.9 years.
Economically, Colfax is a middle-income community. The median household income of $93,654 is above the national average. Approximately 6.2% of residents live below the poverty line. The unemployment rate is 7.0%, above the national average.
The real estate market in Colfax is an affordable housing market. Median home values stand at $152,200, which is below the national average. Renters typically pay around $799 per month. Homeownership is high at 80.5%, typical of suburban and family-oriented communities.
The population of Colfax is moderately educated. 38.0% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (93.31%).
Colfax, IL offers residents above-average earning potential within Illinois.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 61728 | 1,316 | $93,654 | $152,200 | $799 | 7.0% | 38.0% | 80.5% |