Housing costs in Hancock?
A typical home costs
$150,600, which is 55.5% less expensive than the national average of
$338,100 and 51.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hancock costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 51.2% cheaper than the state average of
$1,240.
Can I afford Hancock?
To live comfortably in Hancock (zip 56244), Minnesota, a minimum annual income of
$28,800 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Hancock?
The cost of living in 56244 Hancock, MN is generally moderate. According to BestPlaces, the cost of living index in this zip code is 85.1, which is lower than the U.S. average of 100. The median home value is $150,800 and the median rent costs $762 per month. Additionally, groceries are about 10% lower than the national average and utilities are also slightly cheaper than the U.S. average at 5% lower than other parts of the country. Overall, it's an affordable area to live in and makes for a great place to settle down or raise a family.