What is the cost of living in Coldwater, MI?
According to the most recent data on the cost of living, Coldwater has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Michigan, Coldwater has a cost of living index that's 0.9x lower than Michigan's index of 91.
The standard of living in Coldwater ranks as #34 most affordable out of the 179 places we measured in Michigan. By definition, that implies Coldwater ranks as the #145 most expensive place in the Wolverine State.
For more reading on life in Coldwater, check out:
Coldwater Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Coldwater. Here is how it fares on each of the criteria:
The Services index in Coldwater is 95.
The Groceries index in Coldwater is 96.
The Health index in Coldwater is 60.
The Housing index in Coldwater is 94.
The Transportation index in Coldwater is 102.
The Utilities index in Coldwater is 98.
| Living Expense | Coldwater | Michigan | National Average |
|---|---|---|---|
| Overall | 85 | 91 | 100 |
| Services | 95 | 97 | 100 |
| Groceries | 96 | 98 | 100 |
| Health | 60 | 75 | 100 |
| Housing | 94 | 98 | 100 |
| Transportation | 102 | 101 | 100 |
| Utilities | 98 | 98 | 100 |
Coldwater Cost Of Living Compared To Michigan Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Michigan, check out:
Protect your home budget Compare home warranties in Coldwater Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Coldwater, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Coldwater is $210,965.
The Median Rent in Coldwater is $943.
The Median Income in Coldwater is $50,781.
The Home Value To Income in Coldwater is 4.2x.
The Rent To Monthly Income in Coldwater is 0.22x.
Coldwater, MI Costs By Category
Detailed Coldwater Services costs vs. Michigan
Detailed Coldwater Groceries costs vs. Michigan
Detailed Coldwater Health costs vs. Michigan
Detailed Coldwater Transportation costs vs. Michigan
Coldwater SnackAbility
Cost Of Living In Cities Around Coldwater
The cost of living varies in the cities and towns around Coldwater. Here's a quick look at the cost of living in the most populous nearby places:
Portage, MI has a cost of living index of 96, 1.1x Coldwater.
Goshen, IN has a cost of living index of 88, 1.0x Coldwater.
Union, MO has a cost of living index of 91, 1.1x Coldwater.
| City | Population | Cost Of Living | Vs. Coldwater |
|---|---|---|---|
| Portage, MI | 49,259 | 96 | 1.1x |
| Goshen, IN | 34,420 | 88 | 1.0x |
| Union, MO | 12,781 | 91 | 1.1x |
| Westwood, MI | 8,867 | 94 | 1.1x |
| Bryan, OH | 8,631 | 87 | 1.0x |
| Albion, MI | 7,560 | 83 | 1.0x |
| Marshall, MI | 6,804 | 91 | 1.1x |
| Eastwood, MI | 6,669 | 84 | 1.0x |
| Garrett, IN | 6,642 | 86 | 1.0x |
| Comstock Northwest, MI | 5,391 | 94 | 1.1x |
