Colfax town, Indiana Demographics & Population 2026

Population Overview

Colfax town is a small community located in Indiana, within Newton County. The total population is 926. It ranks as the 373rd most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in Colfax town is 31.7 years. This is 17% lower than the state median of 38.0 years. With 30.7% of the population under 18, Colfax town has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Colfax town is $61,964. This is 12% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 21% lower. The poverty rate stands at 5.9%. This is 51% lower than the state poverty rate of 12.2%. The unemployment rate is 3.3%. This is 23% lower than the state rate of 4.3%. The median home value is $114,300. Housing costs are 43% lower than the state median of $201,600. With a home-value-to-income ratio of just 1.8x, Colfax town is one of the most affordable housing markets in the area. 74.1% of occupied housing units are owner-occupied. This homeownership rate is 5% higher than the state average of 70.3%.

Race & Ethnicity

Colfax town has a predominantly White (non-Hispanic) population, comprising 97.7% of all residents. Black or African American residents account for 0.1%. The Black or African American population (0.1%) is well below the state average of 9.1%.

Education

5.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 80% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.5%.

Data Sources & Methodology

All demographic data for Colfax town, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.