Cold Spring, MN is a small town in Central Minnesota with many amenities that make it an attractive place to live. The cost of living in Cold Spring is significantly lower than the US average, with a two bedroom rent rate at $1,060 compared to the national average of $1,430. Grocery costs are also much lower with a cost index of 100 for both Cold Springs and the US. There are many local companies that offer great resources for those living in Cold Spring. These include grocery stores such as Coborn's and Mills Fleet Farm; services like Stewart Lawn Care and S&S Hydro Seeding; entertainment venues like the Cold Spring Granite Bowl and Quarry Park & Nature Preserve; and health care providers like CentraCare Health System and Comfort Keepers Home Care. This small town offers great value for residents looking for affordable amenities within a close-knit community atmosphere.
Cold Spring has an unemployment rate of 4.7%. The US average is 6.0%.
Cold Spring has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Cold Spring
- The Sales Tax Rate for Cold Spring is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Cold Spring is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cold Spring
- The average income of a Cold Spring resident is $24,437 a year. The US average is $28,555 a year.
- The Median household income of a Cold Spring resident is $69,286 a year. The US average is $69,021 a year.