Is Cobalt a Good Place to Live?
Based on current data, Cobalt receives an overall livability score of 2.9 out of 5.0, earning a grade of C+. Key strengths include affordable housing, abundant sunshine, strong internet connectivity. Areas to be aware of include above-average unemployment, an elevated poverty rate, below-average incomes. Cobalt has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Cobalt is $56,000, 25% below the national average of $75,149. At 14.0%, unemployment is notably high. The poverty rate of 21.6% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 28 minutes.
Cost of Living & Housing
The median home value in Cobalt is $131,000, 54% below the national median — offering relatively affordable homeownership. Renters pay a median of $800 per month, below the national average — a plus for affordability. At just 2.3x median income, home prices are very affordable relative to local earnings.
Education
5.9% of residents hold a bachelor's degree, below the national average of 33.7%. 32.9% have completed high school.
Climate & Weather
Cobalt has a cool climate with an average annual temperature of 36°F. Winters average 4°F in January while summers reach 64°F in July. With 276 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 33.2 inches, including 13.2 inches of snow. Air quality is rated Good with a median AQI of 27.