Housing costs in Colfax?
A typical home costs
$172,300, which is 49.0% less expensive than the national average of
$338,100 and 22.2% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Colfax costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and close to the state average of
$980.
Can I afford Colfax?
To live comfortably in Colfax, Indiana, a minimum annual income of
$33,120 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Colfax?
The cost of living in Colfax, IN is slightly below the national average. Residents can expect to pay lower than average prices for goods and services compared to other towns and cities. Housing costs are especially attractive, as they tend to be lower than the national median. Groceries, clothing and other necessities are also priced competitively. Overall, Colfax is a great place for those who want to stretch their dollars further without sacrificing quality of life.