A general overview of the cost of living index for Coldwater, MI is displayed above. In Coldwater, MI, the overall cost of living index is 76, which is 14% lower than the Michigan average and 24% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Coldwater, MI, the city's goods and services are 10% lower than the Michigan average and 15% lower than the U.S. average.