Colfax Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Colfax, Illinois? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Colfax, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Colfax is $63,750.00.

The chart below shows the average household income by age in Colfax.

  • Under 25
    $52,829.00
  • 25 to 44
    $95,795.00
  • 45 to 64
    $66,667.00
  • 65 and over
    $54,167.00

Average Household Income

A very commonly asked question is "what is the average household income in Colfax, Illinois?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Colfax is $106,649.00.

7.38% of households in Colfax, Illinois are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for Colfax but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

Household Income Tiers for Colfax

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Colfax, Illinois easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

  • Less than $24,999
    14.21%
  • $25,000 to $49,999
    18.03%
  • $50,000 to $74,999
    25.14%
  • $75,000 to $99,999
    12.57%
  • $100,000 to $149,999
    13.11%
  • $150,000 to $199,999
    9.56%
  • $200,000 or more
    7.38%

Per Capita Income

The per capita income is the average income of all people in Colfax, Illinois. This is calculated by dividing the total income of all people in Colfax by the total number of people in Colfax.

It differs from the average or mean household income because it includes all people in Colfax and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Colfax, Illinois is $39,797.00.

Population in Colfax by Race and Ethnicity

The total population in Colfax is currently 1,017 people.

The race and ethnicity of the population in Colfax can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Colfax, Illinois.

  • 1.60% White
    16
  • 97.20% Black/African American
    989
  • 96.30% Native
    979
  • 1.60% Hispanic
    16
  • 0.00% Asian
    0
  • 0.00% Hawaiian/Pacific Islander
    0
  • 0.00% Two or more races
    0
  • 0.00% Other
    0

Population of Colfax by Age and Gender

Another very important demographics statistic for Colfax, Illinois is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Age Group Male Female
0 to 9 Years 43 82
10 to 19 Years 56 113
20 to 29 Years 113 60
30 to 39 Years 52 54
40 to 49 Years 67 79
50 to 59 Years 38 39
60 to 69 Years 50 57
70 Years and over 35 79

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Colfax, Illinois.

  • Master's degree or higher
    9.25%
  • Bachelor's degree
    19.22%
  • Some college or associate's degree
    16.06%
  • High school diploma or equivalent
    52.07%
  • Less than high school diploma
    3.41%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Colfax because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Colfax look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Colfax, Illinois that are over the age of 16.

The current population in Colfax that are over the age of 16 is 789 people.

The unemployment rate in Colfax is 6.60%, which means 35 people are unemployed.

Median Age in Colfax

The median age is an interesting metric because it gives us an idea of the age distribution of people in Colfax, Illinois. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Colfax is 34.4 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Colfax

34.4

Total

33.5

Male

34.6

Female

Households and Families

There are a total of 366 households in Colfax, and the average household size is 2.69 people.

For families, the total number is 240, and the average family size is 3.14 people.

11.30% of those families in Colfax, Illinois are living below the poverty line.

The table below shows the poverty thresholds for Colfax in .

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Please note that the poverty thresholds shown above are from , while the latest demographics data we have is from 2022.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

  • Married-couple
  • Male householder, no spouse present
  • Female householder, no spouse present
  • Nonfamily household

In the table below, you can see the total households and families in Colfax, Illinois for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 169 25 46 126
Average Household Size 3.15 3.84 4.39 1.22
Total Families 169 25 46 0
Average Household Size 3.12 2.84 3.37 0

Housing Data in Colfax

There are total of 391 housing units in Colfax, Illinois. Of those units, 366 (93.61%) are occupied, and 25 (6.39%) are vacant.

Rental Rates

Of the 391 housing units in Colfax, 103 (26.34%) are occupied by renters. The median rent paid by renters is $850.00.

Owner occupied housing units make up the remaining 65.73% of housing units, with 257 housing units in total.

The table below breaks down how much rent is paid by renters in Colfax, Illinois.

  • No rent paid
    6
  • Less than $500
    2
  • $500 to $999
    81
  • $1,000 to $1,499
    9
  • $1,500 to $1,999
    11
  • $2,000 to $2,499
    0
  • $2,500 to $2,999
    0
  • $3,000 or more
    0

Property Values

The median value of a property in Colfax is $117,800.00.

The table below breaks down the range of valuations for all properties in Colfax.

  • Less than $50,000
    16
  • $50,000 to $99,999
    67
  • $100,000 to $149,999
    88
  • $150,000 to $199,999
    56
  • $200,000 to $299,999
    20
  • $300,000 to $499,999
    10
  • $500,000 to $999,999
    0
  • $1,000,000 or more
    0

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Colfax, Illinois.

  • 1939 or earlier
    159
  • 1940 to 1949
    29
  • 1950 to 1959
    42
  • 1960 to 1969
    31
  • 1970 to 1979
    69
  • 1980 to 1989
    6
  • 1990 to 1999
    21
  • 2000 to 2009
    30
  • 2010 to 2013
    4
  • 2014 or later
    0

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Colfax has. The table below breaks down the number of vehicles available per household.

  • No vehicles available
    17
  • 1 vehicle available
    101
  • 2 vehicles available
    141
  • 3 or more vehicles available
    107

Commuting to Work in Colfax

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Colfax, Illinois, how they commute, and how that correlates to other data points.

The average travel time is 25.4 minutes, and the chart below covers the range of travel times across the population of Colfax.

  • Less than 5 minutes
    41
  • 5 to 9 minutes
    42
  • 10 to 14 minutes
    25
  • 15 to 19 minutes
    13
  • 20 to 24 minutes
    31
  • 25 to 29 minutes
    82
  • 30 to 34 minutes
    103
  • 35 to 39 minutes
    51
  • 40 to 44 minutes
    28
  • 45 to 59 minutes
    18
  • 60 to 89 minutes
    2
  • 90 or more minutes
    7

We can also look at the means of transport in Colfax to see which modes of transport people are using to commute to work.

  • Drove alone
    393
  • Carpooled
    16
  • Public transportation
    0
  • Walked
    25
  • Other means
    9
  • Worked from home
    43

Conclusion

Hopefully this article has given you the demographics data you were looking for in Colfax, Illinois.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Colfax.

Link To or Reference This Page

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  • "Colfax Average Income, Population and Demographics". NameCensus.com. Accessed on June 20, 2024. https://namecensus.com/demographics/indiana/clinton-county/colfax/.

  • "Colfax Average Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/indiana/clinton-county/colfax/. Accessed 20 June, 2024

  • Colfax Average Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/indiana/clinton-county/colfax/.