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CITY · 2020 ACS

Colfax

Indiana · 702 residents · 0.37 sq mi
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The short version

Colfax has lower-than-average household income, with a median household income of $52,188. Population has declined 9% since 2000. 9% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value is $91,800.

At a glance
Lower income
below the US median
US median: $66,278
Mid-age
median age 39.8
US median: 38.8
Less educated
9% hold a bachelor's degree
US average: 33%
More affordable
home values down 14%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
702
−9%since 2000
from 768 in 2000
1990 – 2025
Population density
1,897 / sq mi
−9%since 2000
from 2,076 / sq mi in 2000
US average: 280
Median age
39.8
+16%since 2000
from 34.2 in 2000
US average: 38.8
Population, 1990 – 2024
6647448259059851990201020202024Colfax
2024906
1990201020202024
Section 02

Income & economy

Median household income
$52,188
−19%inflation adjusted, since 2000
from $42,688 in 2000
US average: $66,278
1990 – 2024
Per capita income
$22,246
+54%since 2000
from $14,482 in 2000
US average: $35,364
Households earning $100K+
28.3%
+9.0 ptssince 2009
from 19.3% in 2009
US average: 43.9%
Poverty rate
10.1%
+2.3 ptssince 2000
from 7.8% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade34.9%
US avg: 10%
Information10.7%
US avg: 11.1%
Finance & insurance6.2%
US avg: 5.5%
Professional, scientific, technical6.2%
US avg: 4.7%
Wholesale trade3.6%
US avg: 6.7%
Arts, entertainment, food1.5%
US avg: 2%
Agriculture, forestry, fishing0.6%
US avg: 1.7%
Construction0.6%
US avg: 1.2%
Other services0.6%
US avg: 6.6%
Public administration0.6%
US avg: 4.7%
Manufacturing0%
US avg: 0.5%
Transportation & warehousing0%
US avg: 2.5%
Education & health services0%
US avg: 0.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$91,800
−14%inflation adjusted, since 2000
from $71,400 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$827
+50%inflation adjusted, since 2000
from $366 in 2000
US average: $1,124
Owner-occupied
71.1%
−6.2 ptssince 2000
from 77.3% in 2000
28.9% rent
Afford Score
1.8
+5%since 2000
from 1.7 in 2000
1990 – 2024
RELATED:See current rent listings in Colfax on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic98.2%(754)
Black0%(0)
Hispanic / Latino1.7%(13)
Asian0.1%(1)
Other0%
Diversity Score4.5%(34)
2020
White, non-Hispanic94.7%(665)
Black0.4%(3)
Hispanic / Latino2.6%(18)
Asian0.1%(1)
Other1.7%(12)
Diversity Score11.8%(83)
Diversity Score
12
+163%since 2000
from 4 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
8.6%
+4.8 ptssince 2000
from 3.9% in 2000
US average: 32.9%
High school or higher
90.1%
+15.8 ptssince 2000
from 74.2% in 2000
US average: 88.5%
Graduate degree
1.3%
+0.2 ptssince 2000
from 1.1% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
23.8 min
+43%since 2000
from 16.6 min in 2000
US average: 26.9
Drive alone to work
82.2%
−3.2 ptssince 2009
from 85.4% in 2009
US average: 75.1%
No vehicle available
5.6%
+2.4 ptssince 2009
from 3.1% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
3.2%
−9.8 ptssince 2011
from 13.0% in 2011
US average: 5.4%
Labor force participation
59.7%
−8.0 ptssince 2011
from 67.7% in 2011
US average: 63.4%
Management & professional
24.3%
−32.8 ptssince 2009
from 57.1% in 2009
US average: 39.3%
Section 08

People & community

Male
42.7%
−0.6 ptssince 2009
from 43.3% in 2009
Female
57.3%
+0.6 ptssince 2009
from 56.7% in 2009
Foreign born
0.2%
−0.3 ptssince 2009
from 0.6% in 2009
US average: 13.5%
Uninsured
7.4%
−82.5 ptssince 2013
from 89.9% in 2013
US average: 8.8%
Drill deeper

Places similar to Colfax

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Pop 744
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Pop 695
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Pop 822
Yankeetown
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Head to head

Compare Colfax to nearby cities

COLFAX VS
Frankfort
Income$57,412+10%
Home value$138,600+51%
Population16,837+2258%
SEE FULL COMPARISON →
COLFAX VS
Lebanon
Income$65,154+25%
Home value$195,600+113%
Population17,913+2409%
SEE FULL COMPARISON →
COLFAX VS
Crawfordsville
Income$55,033+5%
Home value$134,000+46%
Population16,699+2239%
SEE FULL COMPARISON →
COLFAX VS
Lafayette
Income$53,716+3%
Home value$172,800+88%
Population71,238+9877%
SEE FULL COMPARISON →
Frequently asked

How many people live in Colfax, Indiana?

Colfax, Indiana has about 702 residents according to the 2020 American Community Survey.

What is the median household income in Colfax, Indiana?

The typical household in Colfax, Indiana earns about $52,188 a year. Half of households make more than that, and half make less.

Is Colfax, Indiana expensive?

In Colfax, Indiana, the median home is worth about $91,800, and the typical rent is about $827 a month.

How educated are people in Colfax, Indiana?

About 8.6% of adults age 25 and over in Colfax, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Colfax, Indiana?

About 10.1% of people in Colfax, Indiana live below the federal poverty line.

Has Colfax, Indiana grown since 1990?

Yes, Colfax, Indiana has shrunk since 1990. The population has lost about 16 residents, a change of about -2 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →

Colfax, Indiana (2020): demographics, income & housing data · CensusEasy