Crime
With a lower than average crime rate per 100,000 people, this area could be considered a very safe place to live. Crime rates are based on both violent and property crimes.
Employment
The combination of higher than average median home income, income per capita and low unemployment rates results in a score that is well above average in the employment category.
Housing
This area has received high scores in the housing category. This could be due to a positive home affordability ratio, high appreciation rates or elevated home values.
Health & Safety
A high score in the health and safety category is a result of good air quality and the accessibility to health facilities such as hospitals, clinics, doctors, pharmacies and fire stations.
Schools
High test scores, elevated graduation rates as well as the conveniently located elementary and high schools in this area have all contributed to the high score in the schools category.
Amenities
A majority of amenities are not ideally situated within a reasonable walking distance, which may lead residents to rely on a vehicle or public transportation.
Commute
Public transportation is not readily available in this area and the average commute time to work could also be longer than the national average.
Cold Spring, Minnesota is a small city with a population of 4,238 residents. At 95%, the majority of the Cold Spring population is White; this is followed by 0% Black and 0% Asian. If you're not a fan of traffic congestion and long commute times to work, Cold Spring is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 19 minutes, significantly lower than the national average of 26 minutes.
Living in Cold Spring can be a fulfilling experience for anyone relocating to the city. Having said that, in the state of Minnesota, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. The best areas in Cold Spring and in surrounding cities are easier to find when you are able to make informed decisions. Using data from cost of living, commute, health & safety, you will see a detailed breakdown of the most important information as well as comparisons to the Minnesota and national averages.
The livability score in Cold Spring is 78 out of 100 and the city is ranked in the 94th percentile of all cities across America. This is a phenomenal score, as Cold Spring ranks well in multiple categories! Cold Spring has also earned the rare honor of ranking in the top 10 percentile among all cities. If we probe a little deeper into each category within the livability score, we see that Cold Spring has higher than average rankings for the following: crime (A+), education (B+), employment (B+) and housing (A+). Cold Spring does not score well for the following: amenities (F). It might be wise to take a closer look at each category to find out why.
Low violent crime rates (murder, rape, robbery, assault) provide a safer environment for residents, reducing the risk of personal harm, property theft or violence. Low crime can also lead to increased property values and desirability. With 105 crimes per 100,000 residents, Cold Spring has a violent crime rate that is far below the national average.
The Cold Spring unemployment rate of 0.34% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Cold Spring apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Cold Spring is real estate affordability. The median home price for Cold Spring homes is $180,800, which is 5.6% lower than the Minnesota average. If we take a closer look at the affordability of homes in Cold Spring, we’ll see that the home price to income ratio is 2.8, which is 6.7% lower than the Minnesota average.
| Statistic | Cold Spring | Minnesota | National |
| Average one way commute | 19min | 23min | 26min |
| Workers who drive to work | 86.7% | 78.0% | 76.4% |
| Workers who carpool | 7.5% | 8.7% | 9.3% |
| Workers who take public transit | 0.1% | 3.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.8% | 0.6% |
| Workers who walk | 1.5% | 2.8% | 2.8% |
| Working from home | 4.2% | 5.3% | 4.6% |
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