Housing costs in Hinckley?
A typical home costs
$208,100, which is 38.5% less expensive than the national average of
$338,100 and 32.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hinckley costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 19.2% cheaper than the state average of
$1,240.
Can I afford Hinckley?
To live comfortably in Hinckley, Minnesota, a minimum annual income of
$39,960 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Hinckley?
Hinckley, MN is known for its affordability. The cost of living in Hinckley is lower than both the state and national averages, making it an attractive place to live for people looking to save money. Rent prices in the area are notably low compared to other parts of Minnesota, averaging around $700 per month for a one-bedroom apartment. Groceries and other day-to-day living costs are also quite reasonable. With low taxes and utility rates, Hinckley residents can enjoy a comfortable lifestyle without breaking the bank.