Housing costs in Colfax?
A typical home costs
$161,900, which is 52.1% less expensive than the national average of
$338,100 and 26.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Colfax costs
$980 per month, which is 31.5% 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 (zip 46035), Indiana, a minimum annual income of
$30,960 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Colfax?
The cost of living in 46035 Colfax, IN is quite affordable compared to other cities and towns in the United States. The median household income is $53,867, which is higher than the national average. The housing market is reasonably priced with a median home value of $123,600 and median rent prices at an affordable $744 per month. Groceries are also quite reasonable, with grocery expenditures averaging around 11 percent lower than the national average. Transportation costs, such as gas and car insurance tend to be slightly above the national average but still very competitively priced for residents of this small town. All in all, 46035 Colfax is an attractive option for those looking for an affordable place to live.