Housing costs in Hibbing?
A typical home costs
$136,800, which is 59.5% less expensive than the national average of
$338,100 and 55.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hibbing costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 49.4% cheaper than the state average of
$1,240.
Can I afford Hibbing?
To live comfortably in Hibbing, Minnesota, a minimum annual income of
$26,280 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Hibbing?
Hibbing, MN offers a relatively low cost of living compared to other parts of the country. The median home value is around $111,000 which is far lower than the national average of $183,500. Groceries and health care are also reasonably priced in Hibbing. Tax rates in Hibbing are also quite low with a combined state and local sales tax rate of 6.875%. This makes Hibbing an attractive option for those looking for an affordable place to live.