Port Hope, MN Cost of Living


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How much do I need to live in Port Hope, Minnesota?
$5,490 / month
for a family, 1.7% more expensive than the national average A total of $65,880 for the year for a family.
$2,567 / month
for a single person, 46.2% less expensive than the national average A total of $30,800 for the year for a single person.

Port Hope cost of living score
78.7
Less expensive
21.3% lower
than the US average
19.0% lower
than the Minnesota average
Port Hope, Minnesota gets a BestPlaces Cost of Living score of 78.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 21.3% lower than the U.S. average and 19.0% higher than the average for Minnesota.

Port Hope, MN

Housing costs in Port Hope?
A typical home costs $344,700, which is 2.0% more expensive than the national average of $338,100 and 11.4% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Port Hope costs $1,000 per month, which is 30.1% cheaper than the national average of $1,430 and 24.0% cheaper than the state average of $1,240.

Can I afford Port Hope?
To live comfortably in Port Hope, Minnesota, a minimum annual income of $65,880 for a family, and $30,800 for a single person is recommended.

What does A.I. say about Port Hope?
Port Hope, MN has a relatively low cost of living compared to other cities in the United States. The median home price is lower than the national average at around $250,000 and the median household income is slightly above the national average at $59,451. The unemployment rate is also below the national average, currently sitting at only 3%. Because of this, Port Hope remains an attractive destination for those looking to live in a wonderful area without breaking their budget. Additionally, the town boasts plenty of outdoor activities, great restaurants and bars, and other attractions for those who enjoy exploring their surroundings.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesPort HopeMinnesotaUnited States
    Unlock97.2100.0
  97.5  Unlock100.0
    Unlock78.3100.0
  64.5  Unlock100.0
    Unlock$309,500$338,100
  92.5  Unlock100.0
    Unlock96.4100.0
  98.0  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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