Housing costs in Colfax?
A typical home costs
$99,900, which is 70.5% less expensive than the national average of
$338,100 and 45.9% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Colfax costs
$780 per month, which is 22.0% cheaper than the national average of
$1,000 and 15.4% cheaper than the state average of
$900.
Can I afford Colfax?
To live comfortably in Colfax (zip 71417), Louisiana, a minimum annual income of
$19,080 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Colfax?
The cost of living in 71417 Colfax, LA is relatively low compared to other parts of the United States. According to BestPlaces.net, the median home cost in Colfax is only $86,100 and the median rental cost for a two bedroom apartment is only $639 per month. The estimated cost of living index is 87.6 which is 13% lower than the national average. Additionally, the unemployment rate in Colfax is around 5%, which is one point lower than the US average. This indicates that it's possible for people living in 71417 Colfax to find job opportunities easily and available housing costs make it an affordable place to live.