Colfax, IL vs Latham, IL

Colfax, IL and Latham, IL have a very similar cost of living, with only a 4.5% difference in their overall index. Colfax scores 68 while Latham scores 65 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 $936/month in Latham — a 9% difference. Interestingly, home values tell a different story: while Colfax has cheaper rent, Latham actually has lower median home values ($79,000 vs $123,000).

Median household income in Colfax is $71,528 compared to $76,667 in Latham (-6.7%). Latham 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 14.7% in Latham.