Housing costs in Colfax?
A typical home costs
$106,700, which is 68.4% less expensive than the national average of
$338,100 and 42.3% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Colfax costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 35.1% cheaper than the state average of
$1,000.
Can I afford Colfax?
To live comfortably in Colfax, Louisiana, a minimum annual income of
$20,520 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Colfax?
The cost of living in Colfax, LA is relatively low compared to other parts of the country. The median home price is around $145,000, which is well below the national average. The median household income is roughly $35,000 and the unemployment rate is only 4%. This means that residents of Colfax are able to live comfortably and afford the necessities of life without stretching their budget too far. The overall cost of living in Colfax is considered very affordable for individuals and families alike.