Cost of Living in Coldwater, KS

With a cost of living index of 60, Coldwater, KS is one of the most affordable cities in the country. Living here is 40% cheaper than the national average and 12% below the Kansas state average of 72. Coldwater is a small community of 667 residents.

Housing costs are the biggest factor in Coldwater's cost of living. The median monthly rent is $744 (44% below the US median of $1,319), and the median home value sits at $73,100 (76% below the national median of $304,900). At current prices, the median home costs roughly 1.6x the median household income — well within traditional affordability guidelines.

The median household income in Coldwater is $46,250, which is 38% lower than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Coldwater. The area sees an average annual temperature of 57.9°F, with summers averaging 80°F and winters around 36°F. Annual rainfall totals 27.8 inches spread over roughly 80 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.