Colfax, Louisiana is a great place to live and work with plenty of local amenities. Rent for a two-bedroom apartment in Colfax is just $780, which is significantly lower than the US average of $1,430. Groceries also cost less than average with an index of 89 compared to 100 in the US. Colfax has many great local businesses to choose from, including restaurants like Mckinney’s Mexican Restaurant and Who Dat Seafood Cajun Deli, as well as stores such as King’s Road Vapors and Donut Express. With such low rents and grocery costs, plus all the great services offered by local businesses, Colfax offers a very affordable cost of living.
Colfax (zip 71417) has an unemployment rate of 4.2%. The US average is 6.0%.
Colfax (zip 71417) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 17.4%, which is lower than the US average of 33.5%.
Tax Rates for Colfax (zip 71417)
- The Sales Tax Rate for Colfax (zip 71417) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Colfax (zip 71417) is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Colfax (zip 71417)
- The average income of a Colfax (zip 71417) resident is $16,812 a year. The US average is $28,555 a year.
- The Median household income of a Colfax (zip 71417) resident is $39,948 a year. The US average is $69,021 a year.