Colfax, IL vs Lomax, IL

Colfax, IL and Lomax, IL have a very similar cost of living, with only a 4.3% difference in their overall index. Colfax scores 68 while Lomax 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 $825/month in Lomax — a 3% difference. Home values follow the same pattern: Lomax is more affordable at $81,400 median vs $123,000.

Median household income in Colfax is $71,528 compared to $51,875 in Lomax (+37.9%). While Colfax is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Colfax spend roughly 14.3% of their income on rent, less than the 19.1% in Lomax.