Housing costs in Hector?
A typical home costs
$157,600, which is 53.4% less expensive than the national average of
$338,100 and 49.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hector 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 Hector?
To live comfortably in Hector (zip 55342), Minnesota, a minimum annual income of
$30,240 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Hector?
The cost of living in 55342 Hector, MN is relatively affordable. The median home value in the area is around $136,000, and rent prices are typically less than $750 a month. Groceries and other essential goods cost about the same as other parts of the country. Utilities are typically slightly higher, but still remain below average rates. Overall, Hector has an excellent cost of living that makes it attractive to those looking for affordability without sacrificing quality of life.