Housing costs in Coldwater?
A typical home costs
$178,700, which is 47.1% less expensive than the national average of
$338,100 and 18.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Coldwater costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and 15.8% cheaper than the state average of
$1,100.
Can I afford Coldwater?
To live comfortably in Coldwater, Michigan, a minimum annual income of
$34,200 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Coldwater?
Coldwater, MI is an affordable place to live. The cost of living in the city is 7% lower than the state average, and 9% lower than the national average. Rent prices are around $600 for a one bedroom apartment, making them some of the lowest in Michigan. Groceries, healthcare, and transportation are also relatively cheaper than other places in the state. Moving into Coldwater is a financially smart decision since it’s possible to get more bang for your buck when it comes to day-to-day expenses.