Housing costs in Hutchinson?
A typical home costs
$255,400, which is 24.5% less expensive than the national average of
$338,100 and 17.5% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hutchinson 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 Hutchinson?
To live comfortably in Hutchinson, Minnesota, a minimum annual income of
$48,960 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Hutchinson?
The cost of living in Hutchinson, MN is quite reasonable. Most goods and services are considered to be reasonably priced, with housing costs being especially affordable. The average rent for a one-bedroom apartment in Hutchinson is around $750 per month, while the median home value is just under $150,000. Other expenses such as transportation, food and healthcare are also fairly inexpensive compared to other areas in Minnesota. All these factors make Hutchinson an attractive place to live for those looking for a budget-friendly lifestyle.