Cost of Living in Coldwater, OH

With a cost of living index of 74, Coldwater, OH is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and 4% below the Ohio state average of 78. Coldwater is a small community of 4,387 residents.

Housing costs are the biggest factor in Coldwater's cost of living. The median monthly rent is $800 (39% below the US median of $1,319), and the median home value sits at $215,700 (29% below the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Coldwater is $77,730, which is 3% higher than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Coldwater. The area sees an average annual temperature of 51.4°F, with summers averaging 72°F and winters around 30°F. Annual rainfall totals 35.8 inches spread over roughly 139 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.