Hopkins, MN Cost of Living


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How much do I need to live in Hopkins, Minnesota?
$5,100 / month
for a family, 5.6% less expensive than the national average A total of $61,200 for the year for a family.
$4,067 / month
for a single person, 14.7% less expensive than the national average A total of $48,800 for the year for a single person.

Hopkins cost of living score
107.2
More expensive
7.2% higher
than the US average
10.3% higher
than the Minnesota average
Hopkins, Minnesota gets a BestPlaces Cost of Living score of 107.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 7.2% higher than the U.S. average and 10.3% higher than the average for Minnesota.

Hopkins, MN

Housing costs in Hopkins?
A typical home costs $320,100, which is 5.3% less expensive than the national average of $338,100 and 3.4% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Hopkins costs $1,500 per month, which is 4.9% more than the national average of $1,430 and 17.3% more than the state average of $1,240.

Can I afford Hopkins?
To live comfortably in Hopkins, Minnesota, a minimum annual income of $61,200 for a family, and $48,800 for a single person is recommended.

What does A.I. say about Hopkins?
Hopkins, MN is a great place to live in terms of cost. The median home value in Hopkins is $177,900, which is lower than the national average. The median rent in Hopkins is also below the national average. Additionally, groceries are typically less expensive than other areas of the country. All in all, living in Hopkins can be very affordable for most people.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesHopkinsMinnesotaUnited States
    Unlock97.2100.0
  101.1  Unlock100.0
    Unlock78.3100.0
  110.3  Unlock100.0
    Unlock$309,500$338,100
  98.1  Unlock100.0
    Unlock96.4100.0
  144.6  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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