Housing costs in Hugo?
A typical home costs
$395,300, which is 16.9% more expensive than the national average of
$338,100 and 27.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hugo costs
$1,780 per month, which is 24.5% more than the national average of
$1,430 and 30.3% more than the state average of
$1,240.
Can I afford Hugo?
To live comfortably in Hugo, Minnesota, a minimum annual income of
$75,600 for a family, and
$57,600 for a single person is recommended.
What does A.I. say about Hugo?
The cost of living in Hugo, MN is quite reasonable compared to other cities and towns in the area. The median home price is about $285,000, with home values rising steadily over the past few years. Rent prices are also very reasonable; the average two-bedroom apartment goes for around $1,250 a month. Utility and grocery costs are slightly lower than the national average, while healthcare remains affordable for residents of Hugo. Ultimately, Hugo provides a cost-effective lifestyle that can help families of all sizes stretch their budgets further.