Cost of Living in Colfax, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
108.8
100 = national avg
+8.8 vs national average
Living Wage (1 Adult)
$47,866
per year
Living Wage (Family of 4)
$113,138
per year
Cost Index by Category
Housing91.6
Food113.3
Transportation126.7
Healthcare110.7
Utilities106.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$789
per month
2 Bedroom
$1,008
per month
The overall cost of living index in Colfax is 108.8, which is 8.8% above the national average. Housing costs are below the national average at an index of 91.6. A single adult needs to earn approximately $47,866 per year to cover basic expenses.