Cold Spring, MN Cost of Living


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Cold Spring cost of living score
89.9
Less expensive
10.1% lower
than the US average
7.5% lower
than the Minnesota average
Cold Spring, Minnesota gets a BestPlaces Cost of Living score of 89.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 10.1% lower than the U.S. average and 7.5% higher than the average for Minnesota.

Cold Spring, MN

Housing costs in Cold Spring?
A typical home costs $328,000, which is 3.0% less expensive than the national average of $338,100 and 6.0% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Cold Spring costs $1,060 per month, which is 25.9% cheaper than the national average of $1,430 and 17.0% cheaper than the state average of $1,240.

Can I afford Cold Spring?
To live comfortably in Cold Spring, Minnesota, a minimum annual income of $63,000 for a family, and $34,000 for a single person is recommended.

What does A.I. say about Cold Spring?
Cold Spring, MN has a relatively low cost of living compared to the national average. The median home price is just over $150,000 and the average rental rate for a two-bedroom apartment is around $850 per month. Grocery prices are also about average compared to other parts of the country, with a meal for two at a mid-range restaurant coming in at roughly $35. Gas prices are usually lower than the national average as well. All told, it's quite easy to live comfortably in Cold Spring without breaking the bank.
   Cost of living score
     CategoriesCold SpringMinnesotaUnited States
  89.997.2100.0
  99.997.2100
  75.578.3100.0
  102.6102.9100.0
  $328,000$309,500$338,100
  96.2%95.7%100.0%
  88.096.4100.0
  112.7117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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