Coldwater, Ohio is a small town located in Mercer County. It has a population of around 4,500 people and is known for its friendly atmosphere. The cost of living in Coldwater is quite low compared to the US average. The average rent for 2 bedroom apartments is $790 versus $1,430 in the US, and the Grocery Cost Index in Coldwater is 93 versus 100 in the US. Local businesses include car dealerships, restaurants, grocery stores, hardware stores and more. There are also a few local entertainment spots such as bowling alleys and movie theaters that make life enjoyable for those who live there. Overall, Coldwater offers an affordable and pleasant lifestyle for anyone looking to settle down in a small town with a tightknit community.
Coldwater has an unemployment rate of 2.8%. The US average is 6.0%.
Coldwater has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 32.4%, which is lower than the US average of 33.5%.
Tax Rates for Coldwater
- The Sales Tax Rate for Coldwater is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Coldwater is 4.5%. 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 $31,081 a year. The US average is $37,638 a year.
- The Median household income of a Coldwater resident is $72,664 a year. The US average is $69,021 a year.