Cost of Living in Colfax, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
100.2
100 = national avg
+0.2 vs national average
Living Wage (1 Adult)
$44,083
per year
Living Wage (Family of 4)
$104,196
per year
Cost Index by Category
Housing89.3
Food104.7
Transportation109.3
Healthcare103.7
Utilities100.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$999
per month
2 Bedroom
$1,302
per month
The overall cost of living index in Colfax is 100.2, which is 0.2% above the national average. Housing costs are below the national average at an index of 89.3. A single adult needs to earn approximately $44,083 per year to cover basic expenses.