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Demographics
Population
Median Income
Racial Distributions
The zip code 50054 in Colfax, Iowa, is categorized as a "Low Diversity" area with a "White Majority" as of 2022. The population is 93% white, with a median income of $74,130. This area has experienced minor demographic changes over the past decade.
From 2013 to 2022, Colfax has maintained its "Low Diversity" status with a strong "White Majority." The white population has consistently remained above 90%. The Hispanic population increased from 2% in 2013 to 3% in 2022. The Black population emerged with 1% representation by 2022. The Asian population fluctuated between 0% and 1% over the years. These changes indicate a gradual trend towards increased diversity, though not significant enough to alter the area's overall demographic category.
The median income in Colfax has shown an upward trend. In 2013, it was $54,081, rising to $61,967 in 2017, peaking at $81,387 in 2021, and settling at $74,130 in 2022. This represents a 37% increase from 2013 to 2022, despite a recent decline. This economic growth has occurred alongside minor increases in racial diversity, potentially indicating the area's growing appeal to a wider range of residents.
Population trends in Colfax have fluctuated. The population was 3,341 in 2013, decreased to 3,037 in 2016, and rebounded to 3,339 in 2022. The population stabilization, combined with rising incomes, may indicate improving economic conditions attracting and retaining residents.
The racial composition of Colfax is less diverse than the national average. In 2022, non-Hispanic whites comprised about 59% of the national population, significantly lower than the 93% in Colfax. The median household income in Colfax ($74,130 in 2022) is higher than the national median of $70,784 in 2021, suggesting relative prosperity despite its small size and low diversity. The gradual increase in diversity aligns with national trends of increasing racial and ethnic diversity in the United States, though at a much slower pace.
Colfax remains a "Low Diversity" area with a strong "White Majority," but shows subtle signs of demographic change. These shifts, along with significant income growth, suggest a community experiencing economic prosperity while slowly becoming more diverse. However, the pace of demographic change is much slower than national trends, indicating that Colfax maintains a distinct local character in terms of its racial composition.