Coldwater, Michigan is a small city located in Branch County with a population of around 10,000. The average 2-bedroom rent in Coldwater is $960 which is significantly lower than the national average of $1,430. Grocery costs here are also lower than the national average as the Grocery Cost Index stands at 93 versus 100 across the US. This makes Coldwater an affordable place to live for people of all incomes.
Coldwater’s economy is largely based on manufacturing and retail industry. Some major employers include Eaton Corporation, Meijer, Walmart Supercenter, and Community Health Center of Branch County Incorporated. There are also many smaller businesses such as restaurants and banks that provide employment to local residents.
Coldwater (zip 49036) has an unemployment rate of 5.0%. The US average is 6.0%.
Coldwater (zip 49036) 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 (zip 49036)
- The Sales Tax Rate for Coldwater (zip 49036) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Coldwater (zip 49036) 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 (zip 49036)
- The average income of a Coldwater (zip 49036) resident is $22,035 a year. The US average is $28,555 a year.
- The Median household income of a Coldwater (zip 49036) resident is $54,518 a year. The US average is $69,021 a year.