Colfax, IL vs Oakbrook Terrace, IL

The cost of living difference between Colfax, IL and Oakbrook Terrace, IL is dramatic. Colfax is 41.9% cheaper than Oakbrook Terrace, a gap that translates to thousands of dollars per year in household expenses. Colfax has a cost index of 68 while Oakbrook Terrace sits at 117, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Colfax is $850/month compared to $1,830/month in Oakbrook Terrace — a 54% difference. Home values follow the same pattern: Colfax is more affordable at $123,000 median vs $315,600.

Median household income in Colfax is $71,528 compared to $70,586 in Oakbrook Terrace (+1.3%). 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 31.1% in Oakbrook Terrace. The Colfax ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.