Coldwater Metro Area, MI Cost of Living


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United States / Michigan / Coldwater Metro Area / Counties / Cities / Zip Codes
How much do I need to live in Coldwater, Michigan?
$2,550 / month
for a family, 52.8% less expensive than the national average A total of $30,600 for the year for a family.
$2,167 / month
for a single person, 54.5% less expensive than the national average A total of $26,000 for the year for a single person.

Coldwater cost of living score
78.6
Less expensive
21.4% lower
than the US average
14.1% lower
than the Michigan average
Coldwater Michi Metro Area, Michigan gets a BestPlaces Cost of Living score of 78.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 21.4% lower than the U.S. average and 14.1% higher than the average for Michigan.

Coldwater Metro Area, MI

Housing costs in Coldwater?
A typical home costs $159,000, which is 53.0% less expensive than the national average of $338,100 and 27.3% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Coldwater costs $830 per month, which is 42.0% cheaper than the national average of $1,430 and 32.5% cheaper than the state average of $1,100.

Can I afford Coldwater?
To live comfortably in Coldwater Michi Metro Area, Michigan, a minimum annual income of $30,600 for a family, and $26,000 for a single person is recommended.

What does A.I. say about Coldwater?
The cost of living in Coldwater, MI Metro Area is 78.6, which is significantly lower than the US average cost of living at 100. This means that the residents of Coldwater enjoy a lower cost of living than most other areas in the country. The median value of houses in the area is also around $159000, which is much lower than the US average of $338100. This makes living in Coldwater an attractive option for those looking to get a lot of house for their money.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesColdwaterMichiganUnited States
    Unlock91.5100.0
  91.5  Unlock100.0
    Unlock84.8100.0
  45.5  Unlock100.0
    Unlock$218,700$338,100
  99.7  Unlock100.0
    Unlock115.1100.0
  88.7  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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