Colfax is located close to the center of Illinois. Colfax is between the Mclean, Livingston county. Colfax has 0.55 square miles of land area and has no water area. As of 2010-2014, the total Colfax population is 1,096, which has grown 10.82% since 2000. The population growth rate is much higher than the state average rate of 3.62% and is lower than the national average rate of 11.61%. Colfax median household income is $52,639 in 2010-2014 and has grown by 26.71% since 2000. The income growth rate is higher than the state average rate of 22.70% and is about the same as the national average rate of 27.36%. Colfax median house value is $95,000 in 2010-2014 and has grown by 28.38% since 2000. The house value growth rate is lower than the state average rate of 34.33% and is much lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Colfax is close to the state average in quality. The Colfax area code is 309.