Colfax

Population: 955
Median household income: $71,528
Median home value: $123,000

Located in McLean County, Illinois, Colfax is a community with a population of 955. The median household income of $71,528 is below the McLean County median ($78,329).

Between 2019 and 2023, Colfax's population declined 16.4% from 1,143 to 955, while its median home value rose 24.2% from $99,000 to $123,000.

24.7% of adults 25 and older hold a bachelor's degree or higher. Owners occupy 77.8% of the area's occupied homes.

Demographics

ACS 2019–2023

Population: 955
Median age: 36.8 yrs
Median household income: $71,528
Median home value: $123,000
Median gross rent: $850
Housing units: 387
Homeownership rate: 77.8%
Bachelor's degree or higher: 24.7%
Unemployment rate: 9.6%

Trends

ACS 5-year · 2019–2023

Population

1,143955

Median household income

$55,859$71,528

Median home value

$99,000$123,000

Median gross rent

$753$850

Year	Population	Median household income	Median home value	Median gross rent
2019	1,143	$55,859	$99,000	$753
2020	1,088	$58,889	$99,800	$777
2021	1,076	$62,798	$100,300	$805
2022	1,017	$63,750	$117,800	$850
2023	955	$71,528	$123,000	$850

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.7%

5 to 1720.8%

18 to 249.1%

25 to 3412.3%

35 to 4415.2%

45 to 5410.2%

55 to 649.4%

65 to 7410.4%

75 and over8.0%

	Count	Share
Under 5	45	4.7%
5 to 17	199	20.8%
18 to 24	87	9.1%
25 to 34	117	12.3%
35 to 44	145	15.2%
45 to 54	97	10.2%
55 to 64	90	9.4%
65 to 74	99	10.4%
75 and over	76	8.0%

Race & ethnicity

	Count	Share
White (non-Hispanic)	914	95.7%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	2	0.2%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	11	1.2%
Hispanic or Latino (any race)	28	2.9%

Educational attainment (age 25+)

No high school diploma2.6%

High school graduate38.8%

Some college or associate's34.0%

Bachelor's degree18.9%

Graduate or professional degree5.8%

	Count	Share
No high school diploma	16	2.6%
High school graduate	242	38.8%
Some college or associate's	212	34.0%
Bachelor's degree	118	18.9%
Graduate or professional degree	36	5.8%

Commute to work

Mean travel time to work: 33 min

Drove alone72.7%

Carpooled7.8%

Public transit0.0%

Walked4.0%

Bicycle0.0%

Worked from home14.1%

Other means1.4%

How workers get to work

	Count	Share
Drove alone	309	72.7%
Carpooled	33	7.8%
Public transit	0	0.0%
Walked	17	4.0%
Bicycle	0	0.0%
Worked from home	60	14.1%
Other means	6	1.4%

Travel time

	Count	Share
Under 15 min	67	18.4%
15 to 29 min	97	26.6%
30 to 44 min	154	42.2%
45 to 59 min	20	5.5%
60+ min	27	7.4%

Households

Average household size: 2.55
Poverty rate: 8.7% (81 of 932)

	Count	Share
Family households	245	67.1%
Nonfamily households	120	32.9%

Housing

Median year structure built: 1954

Occupancy

	Count	Share
Occupied	365	94.3%
Vacant	22	5.7%

Tenure (of occupied units)

	Count	Share
Owner-occupied	284	77.8%
Renter-occupied	81	22.2%

1-unit, detached93.8%

1-unit, attached0.8%

2 to 4 units0.5%

5 to 19 units2.3%

20 or more units0.0%

Mobile home & other2.6%

Units in structure

	Count	Share
1-unit, detached	363	93.8%
1-unit, attached	3	0.8%
2 to 4 units	2	0.5%
5 to 19 units	9	2.3%
20 or more units	0	0.0%
Mobile home & other	10	2.6%

Geography

Place GEOID: 1715495
Type (LSAD): 47
Land area: 0.55 sq mi
Water area: 0 sq mi
Center point: 40.5666, -88.6161