Coldwater, MI is a small city located in southern Michigan. It offers many different amenities and attractions for its residents. It is home to the popular Coldwater Lake which provides recreation opportunities such as swimming, fishing, boating, and camping for visitors from all over the state. For those looking for an affordable place to live, Coldwater offers two-bedroom rent at $950 per month--significantly cheaper than the US median of $1,430. Additionally, grocery costs are very reasonable in Coldwater with an index of 93 versus 100 in the US. There are many local companies that offer goods and services within the area such as R&R Supermarket, Allergy Care Center of South Central Michigan, and K&K Tire Store. Popular attractions include the Tibbits Opera House which hosts some of the best performances around and Heritage Park that has bike trails and a disc golf course. Coldwater offers something for everyone whether it's outdoor activities or cultural events.
Coldwater has an unemployment rate of 5.0%. The US average is 6.0%.
Coldwater has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Coldwater
- The Sales Tax Rate for Coldwater is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Coldwater is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Coldwater
- The average income of a Coldwater resident is $17,924 a year. The US average is $28,555 a year.
- The Median household income of a Coldwater resident is $45,021 a year. The US average is $69,021 a year.