Colfax, CA is a charming town located in the Sierra Nevada region of California. It is known for its beautiful landscape and quaint downtown area. The cost of living in Colfax is higher than the national average, with two-bedroom rent being about $1,770 compared to the US average of $1,430. The grocery cost index for Colfax is also higher than the US average at 105 versus 100. Local companies in Colfax include Sierra Telephone Company, which provides telecommunications services throughout Placer County and surrounding areas; C&H Construction Services, a premier provider of construction services; and BAH Motorsports & RV, an authorized dealer for Polaris ATVs and RVs. In conclusion, Colfax may be expensive but it offers a unique atmosphere reminiscent of small-town America that many people find appealing.
Colfax has an unemployment rate of 5.5%. The US average is 6.0%.
Colfax has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Colfax
- The Sales Tax Rate for Colfax is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Colfax is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Colfax
- The average income of a Colfax resident is $24,810 a year. The US average is $28,555 a year.
- The Median household income of a Colfax resident is $69,844 a year. The US average is $69,021 a year.