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Coldwater, MI
Full City Profile · Michigan · Hillsdale County County
Coldwater, MI
At a Glance
How Coldwater Compares to the U.S. Average
Each bar shows Coldwater's value as a percentage of the national average (100% = U.S. avg)
Is Coldwater a Good Place to Live?
Economy & Jobs
Coldwater residents earn a median household income of $50,084 , which is 33% below the national average of $75,149. Per capita income is $23,311. The unemployment rate stands at 3.0% (17% below the U.S. rate of 3.6%). 11.6% of residents live below the poverty line. The area is home to 880 business establishments, including 71 restaurants.
Housing & Cost of Living
The median home value in Coldwater is $120,900 , 57% below the national median of $281,900. Zillow estimates the typical home at $207,966. Median rent is $912/month, with 27.4% of renters spending more than 30% of income on housing. The cost of living index is 96.2 (100 = national average). The median home was built in 1965.
Safety & Crime
Coldwater reports 388 violent crimes per 100,000 residents , which is 2% above the national average of 380/100K. Property crime is 2,273/100K. The murder rate is 8.3/100K.
Education
14.5% of adults in Coldwater hold a bachelor's degree or higher (57% below the national average). 87.1% have completed high school. Local schools score 4.6/10 in standardized testing.
Climate & Weather
Coldwater has an average annual temperature of 48°F (9°C). Winters average 23°F in January while summers reach 71°F in July. The area gets 275 sunny days per year. Annual precipitation totals 39.1 inches. Air quality is rated Good with a median AQI of 38.