Colfax, IL
1,054Residents
$70,625Median household income
$875/moMedian gross rent
$136,300Median home value
36.3Median age
23%Adults with a bachelor’s degree or higher
72%Homes lived in by their owners
1.9×Home value to household income
Median rent takes about 15% of the median household income in Colfax.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $35,000 a year. In Illinois that leaves roughly $2,381 a month after tax. See the full paycheck breakdown for $35,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.