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Colfax, IA Profile: Facts & Data

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Colfax, Iowa - Basic Facts

The City of Colfax had a population of 2,102 as of July 1, 2021.

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 elevation is 801 feet.

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.


Jump to... (On This Page!)
  1. Colfax 2021 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. Iowa Research Tools (Easy Tools & Current Data)
  3. Iowa Data Comparison Tool - 2021 Demographics
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Colfax, IA Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 2,102 (100%)
Population in Households 2,072 (98.6%)
Population in Families 1,698 (80.8%)
Population in Group Quarters1 30 ( 1.4%)
Population Density 891
Diversity Index2 8
 
 

INCOME

Median Household Income $61,141
Average Household Income $77,113
% of Income for Mortgage4 9%
Per Capita Income $31,493
Wealth Index5 74
 

HOUSING

Total HU (Housing Units) 958 (100%)
Owner Occupied HU 707 (73.8%)
Renter Occupied HU 159 (16.6%)
Vacant Housing Units 91 ( 9.5%)
Median Home Value $132,960
Average Home Value $161,457
Housing Affordability Index3 255
 

HOUSEHOLDS

Total Households 867
Average Household Size 2.39
Family Households 585
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 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.
  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 % 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).
  5. 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

 2010-2021 2021-2026
Population 0.04% 0.11%
Households 0.17% 0.14%
Families 0.25% 0.03%
Median Household Income   2.15%
Per Capita Income   2.34%
Owner Occupied HU   0.31%

Colfax, IA - Peer Comparisons by Rank and Percentile

The table below compares Colfax to the other 1,008 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2021 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 # 156 85th
Population Density # 356 65th
Median Household Income # 457 55th
Housing Affordability Index # 671 67th
Per Capita Income # 462 54th
Diversity Index # 731 27th

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

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