Housing costs in Hutchinson?
A typical home costs
$254,400, which is 24.8% less expensive than the national average of
$338,100 and 17.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hutchinson costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 45.9% cheaper than the state average of
$1,240.
Can I afford Hutchinson?
To live comfortably in Hutchinson Minnes Metro Area, Minnesota, a minimum annual income of
$48,600 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Hutchinson?
The cost of living in the Hutchinson, MN Metro Area is 83.8, which is below the US average of 100. This lower cost of living can be beneficial for those looking to purchase a home in the area as well, since the median house value in this area is $254,400 - much lower than the US average of $338,100. Whether it be cheaper rent prices or more affordable homes, living in Hutchinson can help you save money on everyday expenses.