The town is relatively quiet, having a combination of lower population density and few of those groups of people who have a tendency to be noisy. For example, Coldwater has relatively fewer families with younger children, and/or college students. Combined, this makes Coldwater a pretty quiet place to live overall. If you like quiet, you will probably enjoy it here.

Coldwater is a small town, and as such doesn't have a public transit system that people use to get to and from their jobs every day.

The citizens of Coldwater have a very low rate of college education: just 9.09% of people over 25 have a bachelor's degree or advanced degree, compared to a national average of 21.84% for all cities.

The per capita income in Coldwater in 2018 was $23,098, which is upper middle income relative to Mississippi, and lower middle income relative to the rest of the US. This equates to an annual income of $92,392 for a family of four. However, Coldwater contains both very wealthy and poor people as well.

Coldwater is a very ethnically-diverse town. The people who call Coldwater home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Coldwater residents report their race to be Black or African-American, followed by White. Important ancestries of people in Coldwater include Irish, French, Dutch, English, and Scots-Irish.

The most common language spoken in Coldwater is English. Other important languages spoken here include Spanish and Italian.