Colfax, IA Profile: Facts & Data

Colfax, Iowa - Basic Facts

The City of Colfax had a population of 2,261 as of July 1, 2024.

The primary coordinate point for Colfax is located at latitude 41.6778 and longitude -93.2452 in Jasper County. The formal boundaries for the City of Colfax encompass a land area of 1.79 sq. miles and a water area of 0.01 sq. miles. Jasper County is in the Central time zone (GMT -6).

The City of Colfax 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 City of Colfax is located within Township of Washington, a minor civil division (MCD) of Jasper County.

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Colfax, IA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	2,261 (100%)
Population in Households	2,190 (96.9%)
Population in Families	1,677 (74.2%)
Population in Group Quarters¹	71 ( 3.1%)
Population Density	883
Diversity Index²	20


INCOME
Median Household Income	$83,742
Average Household Income	$103,113
% of Income for Mortgage⁴	13%
Per Capita Income	$40,445
Wealth Index⁵	96
Socioeconomic Status Index⁶	Moderate (51.7)

HOUSING
Total HU (Housing Units)	975 (100%)
Owner Occupied HU	697 (71.5%)
Renter Occupied HU	189 (19.4%)
Vacant Housing Units	89 ( 9.1%)
Median Home Value	$171,448
Average Home Value	$205,237
Housing Affordability Index³	181

HOUSEHOLDS
Total Households	886
Average Household Size	2.47
Family Households	554
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

975 (100%)

Owner Occupied HU

697 (71.5%)

Renter Occupied HU

189 (19.4%)

Vacant Housing Units

89 ( 9.1%)

Median Home Value

$171,448

Average Home Value

$205,237

Housing Affordability Index³

181

HOUSEHOLDS

Total Households

886

Average Household Size

2.47

Family Households

554

Average Family Size

3.00

NOTES

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.
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 races 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.
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.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.20%	-0.14%
Households	0.05%	0.02%
Families		-0.04%
Median Household Income		1.31%
Per Capita Income		2.84%
Owner Occupied HU		0.17%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.20%

-0.14%

Households

0.05%

0.02%

Families

-0.04%

Median Household Income

1.31%

Per Capita Income

2.84%

Owner Occupied HU

0.17%

Colfax, IA - Peer Comparisons by Rank and Percentile

The table below compares Colfax to the other 1,026 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2024 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	# 153	85th
Population Density	# 334	68th
Median Household Income	# 303	71st
Housing Affordability Index	# 853	83rd
Per Capita Income	# 516	50th
Diversity Index	# 339	67th

Variable Description

Rank

Percentile

Total Population

# 153

85th

Population Density

# 334

68th

Median Household Income

# 303

71st

Housing Affordability Index

# 853

83rd

Per Capita Income

# 516

50th

Diversity Index

# 339

67th

Iowa Census Data Comparison Tool

Colfax, IA Profile: Facts & Data

Colfax, Iowa - Basic Facts

Colfax, IA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Colfax, IA - Peer Comparisons by Rank and Percentile

Colfax, IA - Most Popular Things to Do

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Jasper County