Colfax, IL vs Hamilton, IL

Colfax, IL and Hamilton, IL have a very similar cost of living, with only a 1.6% difference in their overall index. Colfax scores 68 while Hamilton 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 $888/month in Hamilton — a 4% difference. Interestingly, home values tell a different story: while Colfax has cheaper rent, Hamilton actually has lower median home values ($105,600 vs $123,000).

Median household income in Colfax is $71,528 compared to $53,487 in Hamilton (+33.7%). 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 19.9% in Hamilton.