Cost Of Living
The overall cost of living in this area is much lower than average. This includes everyday goods and services, as well as housing, utilities and health care.
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.
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.
Ratings
AreaVibes conducted surveys and polls with locals who live in the area. The results were not favorable for walkability of amenities, parks, public transit and the overall sense of community in the area.
Coldwater is a moderately-sized city located in the state of Michigan. The city has a population of 12,203 people. At 86%, the majority of the Coldwater population is White; this is followed by 7% Black and 1% Asian. Coldwater is not known to have a high population (over 15 years old) of married people. At only 43% married, this city falls well below the national average. If you're not a fan of traffic congestion and long commute times to work, Coldwater is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 16 minutes, significantly lower than the national average of 26 minutes.
Without the right tools, relocating to any new city can be very stressful and challenging. Living in Coldwater, Michigan could be a good experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Finding the best places to live in Coldwater and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, cost of living, housing and other important metrics.
Using data and statistics Coldwater has received a livability score of 68/100. This score is ranked in the 72nd percentile when compared to all other cities. There are nine total categories that form the livability score. Coldwater ranks well for housing (A) On a less positive note, Coldwater does not have favorable grades for the following: amenities (F), crime (D) and employment (D). If we take a look at the data, we can find out why.
Striving for a cost-effective lifestyle becomes increasingly essential, especially in light of the ongoing upward trajectory of everyday goods and services. In Coldwater, residents enjoy the privilege of a cost of living that is 22.92% below the national average. This favorable positioning extends its influence across a broad spectrum of expenses, encompassing not only goods and services but also housing costs, groceries and healthcare costs. Consequently, this locale emerges as a hub where your financial resources go further, allowing you to maintain an economical and sustainable way of life. This affordability becomes increasingly significant in an era marked by escalating expenses, rendering Coldwater an appealing destination for those in pursuit of financial prudence without sacrificing their quality of life.
When contemplating a move, job prospects often top the list of priorities. In Coldwater, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 1.63% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Coldwater has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
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 Coldwater is real estate affordability. The median home price for Coldwater homes is $93,400, which is 26.9% lower than the Michigan average. If we take a closer look at the affordability of homes in Coldwater, we’ll see that the home price to income ratio is 2.3, which is 8% lower than the Michigan average.
| Statistic | Coldwater | Michigan | National |
| Average one way commute | 16min | 24min | 26min |
| Workers who drive to work | 78.8% | 82.5% | 76.4% |
| Workers who carpool | 10.6% | 8.8% | 9.3% |
| Workers who take public transit | 0.5% | 1.4% | 5.1% |
| Workers who bicycle | 1.3% | 0.5% | 0.6% |
| Workers who walk | 2.9% | 2.2% | 2.8% |
| Working from home | 4.6% | 3.7% | 4.6% |
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