Colfax, IN vs Lewisville, IN

Colfax, IN and Lewisville, IN have a very similar cost of living, with only a 4% difference in their overall index. Colfax scores 70 while Lewisville scores 67 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 $908/month compared to $871/month in Lewisville — a 4% difference. Home values follow the same pattern: Lewisville is more affordable at $101,600 median vs $114,300.

Median household income in Colfax is $61,964 compared to $52,143 in Lewisville (+18.8%). 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 17.6% of their income on rent, less than the 20% in Lewisville.