Colfax, IL vs Newton, IL

Newton is moderately more affordable than Colfax, with a 5.9% lower cost of living index. Colfax scores 68 compared to 64 for Newton, where the US average is 100. This difference means residents of Colfax can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Colfax is $850/month compared to $745/month in Newton — a 14% difference. Home values follow the same pattern: Newton is more affordable at $98,900 median vs $123,000.

Median household income in Colfax is $71,528 compared to $58,564 in Newton (+22.1%). 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 15.3% in Newton.