Housing costs in Colfax?
A typical home costs
$131,600, which is 61.1% less expensive than the national average of
$338,100 and 45.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Colfax costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 55.6% cheaper than the state average of
$1,260.
Can I afford Colfax?
To live comfortably in Colfax (zip 61728), Illinois, a minimum annual income of
$25,200 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Colfax?
The cost of living in 61728 Colfax, IL is relatively low compared to other parts of the country. The median home value for this area is just over $90,000, which is well below the national average. Housing costs are also quite affordable, with a median rent price of around $700 a month. Other expenses such as transportation and groceries tend to be lower than the national average as well. Overall, this part of Illinois provides residents with an affordable lifestyle that won't break the bank.