Colfax, WI Profile: Facts & Data

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Colfax, Wisconsin - Basic Facts

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The Village of Colfax had a population of 1,157 as of July 1, 2021. Colfax ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Wisconsin. See peer rankings below.

The primary coordinate point for Colfax is located at latitude 44.9975 and longitude -91.7271 in Dunn County. The formal boundaries for the Village of Colfax encompass a land area of 1.38 sq. miles and a water area of 0.03 sq. miles. Dunn County is in the Central time zone (GMT -6). The elevation is 945 feet.

The Village of Colfax has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alternate Unofficial Names for Colfax: Begga Town.

Jump to... (On This Page!)
  1. Colfax 2021 Demographic Data
  2. Growth Rates for Colfax (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Wisconsin Research Tools (Easy Tools & Current Data)
  3. Wisconsin Data Comparison Tool - 2021 Demographics
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Colfax, WI Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 1,157 (100%)
Population in Households 1,110 (95.9%)
Population in Families 876 (75.7%)
Population in Group Quarters1 47 ( 4.1%)
Population Density 834
Diversity Index2 10
 
 

INCOME

Median Household Income $59,138
Average Household Income $72,748
% of Income for Mortgage4 9%
Per Capita Income $29,511
Wealth Index5 65
 

HOUSING

Total HU (Housing Units) 532 (100%)
Owner Occupied HU 340 (63.9%)
Renter Occupied HU 145 (27.3%)
Vacant Housing Units 46 ( 8.6%)
Median Home Value $132,009
Average Home Value $152,053
Housing Affordability Index3 223
 

HOUSEHOLDS

Total Households 486
Average Household Size 2.28
Family Households 306
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races 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.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2021 2021-2026
Population -0.01% 0.14%
Households 0.15% 0.16%
Families 0.45% 0.07%
Median Household Income   3.51%
Per Capita Income   2.84%
Owner Occupied HU   0.58%

Colfax, WI - Peer Comparisons by Rank and Percentile

The table below compares Colfax to the other 778 incorporated cities, towns and CDPs in Wisconsin by rank and percentile using July 1, 2021 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 # 368 53rd
Population Density # 310 60th
Median Household Income # 406 48th
Housing Affordability Index # 645 83rd
Per Capita Income # 478 39th
Diversity Index # 605 23rd

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

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