Colfax, IN Profile: Facts & Data

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Colfax, Indiana - Basic Facts

The Town of Colfax had a population of 680 as of July 1, 2019. Colfax ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Colfax is located at latitude 40.195 and longitude -86.6672 in Clinton County. The formal boundaries for the Town of Colfax encompass a land area of 0.36 sq. miles and a water area of 0 sq. miles. Clinton County is in the Eastern time zone (GMT -5). The elevation is 846 feet.

The Town of Colfax (GNIS ID: 2396658) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Colfax is located within Township of Perry, a minor civil division (MCD) of Clinton County.

Alternate Unofficial Names for Colfax: Midway.

Jump to... (On This Page!)
  1. Colfax 2019 Demographic Data
  2. Growth Rates for Colfax (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Indiana Research Tools (Easy Tools & Current Data)
  3. Indiana Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Colfax, IN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Colfax, IN Housing Affordability Index is 295
State of Indiana Housing Affordability Index is 180
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Colfax, IN Wealth Index is 65
State of Indiana Wealth Index is 81
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Indiana COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 680 (100%)
Population in Households 680 (100.0%)
Population in Families 577 (84.9%)
Population in Group Quarters1 0
Population Density 1,871
Diversity Index2 19
 

INCOME

Median Household Income $54,388
Average Household Income $67,589
Per Capita Income $25,616
Wealth Index4 65

HOUSING

Total Housing Units 324 (100%)
Owner Occupied HU 204 (63.0%)
Renter Occupied HU 62 (19.1%)
Vacant Housing Units 58 (17.9%)
Median Home Value $96,084
Housing Affordability Index3 295
 

HOUSEHOLDS

Total Households 266
Average Household Size 2.56
Family Households 195
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.17% -0.33%
Households -0.08% -0.3%
Families 0.06% -0.41%
Median Household Income   2.59%
Per Capita Income   3.26%

Colfax, IN - Peer Comparisons by Rank and Percentile

The table below compares Colfax to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 414 39th
Population Density # 147 78th
Diversity Index # 175 74th
Median Household Income # 322 53rd
Per Capita Income # 348 49th

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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