Colfax, IN vs Staunton, IN

Staunton is moderately more affordable than Colfax, with a 7% lower cost of living index. Colfax scores 70 compared to 65 for Staunton, 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 $908/month compared to $879/month in Staunton — a 3% difference. Home values follow the same pattern: Staunton is more affordable at $96,400 median vs $114,300.

Median household income in Colfax is $61,964 compared to $61,250 in Staunton (+1.2%). Colfax does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Colfax spend roughly 17.6% of their income on rent, more than the 17.2% in Staunton.