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Colfax, IL vs East Gillespie, IL

68
Colfax
Illinois
VS
-1.2%
69
East Gillespie
Illinois

Colfax, IL and East Gillespie, IL have a very similar cost of living, with only a 1.2% difference in their overall index. Colfax scores 68 while East Gillespie scores 69 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Colfax is $850/month compared to $840/month in East Gillespie — a 1% difference. Interestingly, home values tell a different story: while East Gillespie has cheaper rent, Colfax actually has lower median home values ($123,000 vs $125,000).

Median household income in Colfax is $71,528 compared to $64,167 in East Gillespie (+11.5%). Colfax offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Colfax spend roughly 14.3% of their income on rent, less than the 15.7% in East Gillespie.

Income & Cost

Cost of Living Index
Colfax
68
1% cheaper
East Gillespie
69
Median Household Income
Colfax
$71,528
10% higher
East Gillespie
$64,167

Housing

Median Rent
Colfax
$850
East Gillespie
$840
1% cheaper
Median Home Value
Colfax
$123,000
2% cheaper
East Gillespie
$125,000
Population
Colfax
955
East Gillespie
325

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Colfax $2.85
East Gillespie $3.03
US $3.07
🥚
Eggs (grade A, large)
Colfax $2.33
East Gillespie $2.47
US $2.50
🥛
Milk (whole)
Colfax $3.75
East Gillespie $3.97
US $4.03
🍞
Bread (white)
Colfax $1.72
East Gillespie $1.83
US $1.85
🍗
Chicken breast
Colfax $3.86
East Gillespie $4.09
US $4.14
Electricity
Colfax $0.16
East Gillespie $0.15
US $0.19