Cost of Living in Cold Spring, MN

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A
0%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
2%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Cold Spring Minnesota National
Cost of living100100100
Groceries100100100
Health care99100100
Housing98100100
Transportation100100100
Utilities106104100
Lifestyle & Entertainment101100100
Household Items102100100
Education & Childcare9999100
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Homes For Sale In Cold Spring, MN

property for sale

430 Caroline Ln

Cold Spring, MN
property for sale

1217 5th St S

Cold Spring, MN
property for sale

12795 183rd St

Cold Spring, MN
property for sale

23968 County Road 50

Cold Spring, MN

Cost Of Living Quick Facts

  • The cost of living in Cold Spring is equal to the Minnesota average
  • The cost of living in Cold Spring is equal to the national average
  • Cold Spring housing is 2% lower than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Cold Spring

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Compare Cold Spring, MN Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$114,530$9,544$2,672$3,436
      Renters$33,922$2,827$791$1,018
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Cold Spring, MN, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Cold Spring homeowners, is $114,530. This would allow for a maximum of $2,672 per month to be spent on housing costs. For renters, the median monthly income is $33,922 which would result in a maximum of $791 to be spent on rental costs.

      Minnesota Sales Tax

      State General Sales Tax With Max Surtax
      Minnesota 6.875% 7.875%

      Minnesota Income Tax

      State Income Tax (Low) Income Tax (High)
      Minnesota 5.35% 9.85%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Watkins, MN8938713.0%
      Eden Valley, MN1,039909.6%
      Roscoe, MN134918.8%
      Paynesville, MN2,578928.4%
      St. Martin, MN363927.9%
      Cold Spring, MN4,3751000.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Greenville, KY4,3758415.9%
      Buchanan, MI4,3758713.1%
      Mitchell, IN4,3748317.3%
      Waimanalo Beach, HI4,37616262.5%
      Sellersville, PA4,3761065.8%
      Cold Spring, MN4,3751000.2%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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