Cost of Living in Colfax, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.6
100 = national avg
-9.4 vs national average
Living Wage (1 Adult)
$39,882
per year
Living Wage (Family of 4)
$94,266
per year
Cost Index by Category
Housing81.1
Food97.4
Transportation94.7
Healthcare97.9
Utilities94.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$804
per month
2 Bedroom
$1,007
per month
The overall cost of living index in Colfax is 90.6, which is 9.4% below the national average. Housing costs are below the national average at an index of 81.1. A single adult needs to earn approximately $39,882 per year to cover basic expenses.