Housing costs in Hancock?
A typical home costs
$137,400, which is 59.4% less expensive than the national average of
$338,100 and 55.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hancock costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 47.6% cheaper than the state average of
$1,240.
Can I afford Hancock?
To live comfortably in Hancock, Minnesota, a minimum annual income of
$26,280 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Hancock?
Hancock, MN is a great place to live with an affordable cost of living. The overall cost of living in Hancock is 8% lower than the average for Minnesota. Housing prices in the area are relatively low compared to other cities, making it a great option for anyone looking for an affordable place to settle down. With utilities averaging around 30% lower than the national average, residents enjoy access to basic necessities without breaking the bank. Groceries and health care costs are also below the national average, giving Hancock residents that much more purchasing power when it comes to their everyday expenses.