Cost of Living in Cold Spring, MN
Population 4,201 · Minnesota · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Cold Spring a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $242,000.
Cold Spring is about 65 miles northwest of Minneapolis, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 30% lower than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Cold Spring
The median home value in Cold Spring is $242,000 — 21% below the national median of $305,000. Median rent runs $1,297/month, 1% lower than the national median of $1,314/month. The median household income of $72,022/year is 3% lower than the US median of $74,580. The local unemployment rate is 3.8%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Cold Spring has a cost of living index of 87 versus the US average of 100, meaning it is 13% less expensive.
Cold Spring has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Cold Spring, MN?
Cold Spring has a cost index of 87 (100 = national average). It is 13% below the national average.
What is average rent in Cold Spring, MN?
The median gross rent in Cold Spring is $1,297 per month based on 2023 Census data.
What is the average home price in Cold Spring?
The median home value in Cold Spring is $242,000 according to Zillow and Census data.
What is the median income in Cold Spring?
The median household income in Cold Spring is $72,022 per year (2023 ACS 5-year estimates).
What is the sales tax in Cold Spring, MN?
The combined state and local sales tax rate in Cold Spring is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Cold Spring, MN affordable?
Yes, Cold Spring is generally considered affordable, with a cost of living index of 87 — about 13% below the US national average of 100.
Cold Spring at a Glance
- Population
- 4,201
- Median Income
- $72,022
- Home Value
- $242,000
- Median Rent
- $1,297/mo
- Unemployment
- 3.8%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
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