Colfax, IL Community Profile: Data

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Colfax, Illinois - Basic Facts

Colfax is the common name for the community and surrounding area while the formal official name is the Village of Colfax.

It is an incorporated place (Class Code P1) located in McLean County at latitude 40.567 and longitude -88.6164. McLean County is in the Central time zone (GMT -6). The elevation is 755 feet.

The formal boundaries for the Village of Colfax (see map) encompass a land area of 0.55 sq. miles and a water area of 0 sq. miles.

Camera Icon Photos of the local Colfax, IL area

Also See: Colfax, IL ZIP Codes and ZIP Code Maps

Colfax, IL - Peer Comparisons by Rank and Percentile

The table below compares Colfax to the other 1,367 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2014 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 # 681 50th
Population Density1 # 267 81st
Diversity Index2 # 1018 26th
Median Household Income # 384 72nd
Per Capita Income # 501 63rd

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

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Colfax, IL Data & Demographics (As of July 1, 2014)

POPULATION

Total Population 1,115
Population in Households 1,079
Population in Familes 899
Population in Group Qrtrs 36
Population Density1 2,029
Diversity Index2 7
 

HOUSEHOLDS

Total Households 423
Average Household Size 2.55
Family Households 294
Average Family Size 3

HOUSING

Total Housing Units 470 (100%)
Owner Occupied HU 344 (73.2%)
Renter Occupied HU 80 (17.0%)
Vacant Housing Units 47 ( 10.0%)
Median Home Value $99,603
Average Home Value $110,392
 

INCOME

Median Household Income $60,012
Average Household Income $68,842
Per Capita Income $26,641
  (Compound Annual Growth Rates)

GROWTH RATES

2010-2014 2014-2019
Population 1.17% 1.38%
Households 1.21% 1.38%
Families 0.9% 1.26%
Median Household Income   2.74%
Per Capita Income   1.85%
1) Population Density = Total Population per square mile.
2) The Diversity Index is a scale of 0 to 100 that represents the likelyhood that two persons, chosen at random from the same area, belong to different race 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.
Based on Census 2010 counts, the Diversity Index for the United States was 60.6 and it is expected to increase to 64.8 by July 1, 2018.

Information Updates

The Demographic Data for the 4,528 Illinois cities, towns, counties, ZIP Codes and Census Designated Places (CDPs) profiled in this gazetteer is updated annually. Last Update: July 1, 2014.

The ZIP Code maps and the data regarding the number of residential and business addresses in each ZIP Code are updated four times per year. Last Update: November 1, 2014.

The information on the 62,977 Illinois Physical, Cultural and Historic Features is updated six times per year. Last Update: December 2, 2014.

The School Attendance Zone Maps for 3,955 Illinois public schools are updated four times per year. Last Update: October 6, 2014.