Cold Spring, MN
Population 4,201 · Minnesota
About Cold Spring, MN
Cold Spring is a small town located in Minnesota with a population of 4,201 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,022 per year, which is 4% below the national median of $75,149. The median age of 40.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Cold Spring features a median home value of $242,000, which is 1% below the national median of $244,900. This positions Cold Spring in a moderately priced market relative to the rest of the country. Median monthly rent is $1,297, 12% above the national average of $1,163/month. Of the 1,802 total housing units, 69% are owner-occupied (1,186 units) and 31% are renter-occupied (535 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cold Spring shows an unemployment rate of 3.8%, which is near the national rate of 3.7%. The poverty rate stands at 9.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cold Spring have an average one-way commute time of 22 minutes.
Education & Demographics
29.1% of Cold Spring residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.7% White, 0.4% Hispanic or Latino, 0.4% Black or African American, and 2.0% Asian residents, with 5.2% of the population being foreign-born.
Cost of Living in Cold Spring, MN
Compared to national averages, Cold Spring has a median household income of $72,022 (4% below the national median of $75,149). Home values average $242,000, which is 1% below the national median. Monthly rent at $1,297 is 12% above the US average of $1,163. Within Minnesota, Cold Spring's income is 3% below the state average of $74,221, and home values are 18% above the state median of $204,472.
Why Live in Cold Spring, MN?
Cold Spring offers affordable housing with a median home value of $242,000, below the US average of $244,900, and a low poverty rate of 9.9%, better than the national average, and short commute times averaging just 22 minutes.
Potential considerations include median household income ($72,022) that falls below the national average. However, Cold Spring’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cold Spring has a population of 4,201 with a median age of 40.9 years. Compare Cold Spring with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Cold Spring
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Le Sueur | 4,204 | $71,563 | $216,700 | Compare |
| Columbus | 4,211 | $117,917 | $439,200 | Compare |
| Cannon Falls | 4,216 | $80,515 | $262,100 | Compare |
| Park Rapids | 4,226 | $45,800 | $218,500 | Compare |
| Pipestone | 4,165 | $61,442 | $102,000 | Compare |
| Rice Lake | 4,120 | $95,347 | $283,700 | Compare |
| Goodview | 4,104 | $75,375 | $215,200 | Compare |
| Wadena | 4,361 | $45,850 | $158,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Cold Spring With Other Cities
Frequently Asked Questions about Cold Spring
What is the population of Cold Spring, MN?
The population of Cold Spring, MN is 4,201 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Cold Spring?
The median household income in Cold Spring, MN is $72,022 per year, which is 4% below the national median of $75,149.
What is the median home value in Cold Spring?
The median home value in Cold Spring, MN is $242,000, which is 1% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cold Spring?
The median monthly rent in Cold Spring, MN is $1,297, which is 12% above the national average of $1,163/month.
What is the unemployment rate in Cold Spring?
The unemployment rate in Cold Spring, MN is 3.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cold Spring, MN a good place to live?
Cold Spring offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 4,201 and a median age of 40.9, the city appeals to a broad range of residents.
How educated is Cold Spring, MN?
29.1% of residents in Cold Spring aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Cold Spring?
Key cost-of-living indicators for Cold Spring, MN: median home value is $242,000 (1% below national), median rent is $1,297/month, and median household income is $72,022. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cold Spring?
The poverty rate in Cold Spring, MN is 9.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cold Spring, MN?
Cold Spring's population is 2.7% White, 0.4% Hispanic or Latino, 0.4% Black or African American, 2.0% Asian, and 0.1% two or more races. 5.2% of residents are foreign-born.