Living in Coldwater, Michigan
Cost of living, income, home prices, rent and demographics of Coldwater · Census data 2020–2024
Coldwater has 13,671 residents with a median age of 39.5. The median household income is $50,781 (30% lower than the Michigan median), the median home value is $137,500, the median rent is $943/month.
Coldwater at a glance
- Population
- 13,671
- Median age
- 39.5State: 40.2
- Median household income
- $50,781State: $72,875
- Median home value
- $137,500State: $231,600
- Median rent
- $943/moState: $1,129
- Homeowners
- 64.3%
- Bachelor's degree or higher
- 13.9%
- Average commute
- 16 min
Is Coldwater a good place to live?
Pros: Home values 41% lower than the state median; an average commute of 16 minutes.
Cons: Median household income 30% lower than the Michigan median; unemployment of 8.3%; a poverty rate of 21.3%.
The weather is best in June to September.
Cost of living in Coldwater
Housing is the biggest part of the cost of living. In Coldwater the median home value is $137,500, 59% lower than the U.S. median. Renters pay a median of $943 per month, which is 30.6% of household income. Homeowners with a mortgage pay $1,159 a month in housing costs.
Coldwater median household income
The median household income in Coldwater is $50,781 and the income per person is $24,891. 21.3% of residents live below the poverty line (Michigan: 13.2%).
Housing in Coldwater: homes for sale and rent
- Housing units
- 4,934
- Owner-occupied
- 64.3%
- Renter-occupied
- 35.7%
- Vacant
- 9.6%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.70
Coldwater demographics
- Population
- 13,671
- Median age
- 39.5
- Under 18
- 22.6%
- 65 and older
- 18%
- Households
- 4,458
- Foreign-born
- 6.2%
- Veterans
- 6.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Coldwater ›
Education in Coldwater
13.9% of adults 25 and older in Coldwater have a bachelor's degree or higher (Michigan: 32.4%), and 3.1% have a graduate or professional degree.
Jobs and commute in Coldwater
- Unemployment rate
- 8.3%State: 5.7%
- Average commute
- 16 minState: 24 min
- Work from home
- 6.4%
- Drive alone
- 76.3%
- Public transit
- 0.5%
- Walk to work
- 5.2%
- Homes with broadband
- 87.7%
Coldwater vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Coldwater | 13,671 | $50,781 | $137,500 | $943 |
| Quincy | 1,484 | $59,844 | $121,800 | $874 |
| Tekonsha | 575 | $55,000 | $98,300 | $613 |
| Bronson | 2,083 | $46,359 | $114,800 | $938 |
| Union City | 1,940 | $62,788 | $107,500 | $935 |
| Burlington | 264 | $66,250 | $90,800 | $914 |
| Allen | 170 | $66,111 | $131,300 | $581 |
| Sherwood | 388 | $58,750 | $97,500 | $838 |
| Litchfield | 1,566 | $53,182 | $117,000 | $734 |
More for people moving to Coldwater
Coldwater ZIP code ›Weather and climate ›Living in Coldwater: FAQ
What is the median household income in Coldwater, MI?
The median household income in Coldwater is $50,781, 30% lower than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Coldwater?
The median home value in Coldwater is $137,500, compared with $231,600 in Michigan.
How much is rent in Coldwater?
The median gross rent in Coldwater is $943 per month, about 30.6% of household income.
Is Coldwater, MI a good place to live?
Pluses: home values 41% lower than the state median; an average commute of 16 minutes. Minuses: median household income 30% lower than the Michigan median; unemployment of 8.3%; a poverty rate of 21.3%.
What is the median age in Coldwater?
The median age in Coldwater is 39.5 years (Michigan: 40.2).
How long is the commute in Coldwater?
The average commute to work in Coldwater is 16 minutes; 6.4% of workers work from home.
What is the unemployment rate in Coldwater?
The unemployment rate in Coldwater is 8.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Coldwater?
13.9% of adults in Coldwater have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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