Cost of Living in Coldwater, MI
Population 13,847 · Michigan · Data vintage 2023
(100 = US avg)
Coldwater is a smaller Michigan community of around 14000 residents, where median household incomes of $50,084 and housing costs ($121,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Located 60 miles southwest of Lansing, Coldwater is far enough out that local conditions diverge meaningfully from the big-metro baseline. Housing prices track closely with Lansing's $119,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Coldwater
The median home value in Coldwater is $120,900 — 60% below the national median of $305,000. Median rent runs $912/month, 31% lower than the national median of $1,314/month. The median household income of $50,084/year is 33% lower than the US median of $74,580. The local unemployment rate is 6.0%, above the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. Overall, Coldwater has a cost of living index of 52 versus the US average of 100, meaning it is 48% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Coldwater, MI?
Coldwater has a cost index of 52 (100 = national average). It is 48% below the national average.
What is average rent in Coldwater, MI?
The median gross rent in Coldwater is $912 per month based on 2023 Census data.
What is the average home price in Coldwater?
The median home value in Coldwater is $120,900 according to Zillow and Census data.
What is the median income in Coldwater?
The median household income in Coldwater is $50,084 per year (2023 ACS 5-year estimates).
What is the sales tax in Coldwater, MI?
The combined state and local sales tax rate in Coldwater is 6.0%. The Michigan state income tax top rate is 4.3%.
Is Coldwater, MI affordable?
Yes, Coldwater is generally considered affordable, with a cost of living index of 52 — about 48% below the US national average of 100.
Coldwater at a Glance
- Population
- 13,847
- Median Income
- $50,084
- Home Value
- $120,900
- Median Rent
- $912/mo
- Unemployment
- 6.0%
- Sales Tax
- 6.0%
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Michigan Rankings
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