Zip 55037 (Hinckley, MN) Cost of Living


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United States / Minnesota / No Metro Area / Pine County / Hinckley / Hinckley (zip 55037)
How much do I need to live in Hinckley, Minnesota?
$3,360 / month
for a family, 37.8% less expensive than the national average A total of $40,320 for the year for a family.
$2,533 / month
for a single person, 46.9% less expensive than the national average A total of $30,400 for the year for a single person.

Hinckley cost of living score
82.9
Less expensive
17.1% lower
than the US average
14.7% lower
than the Minnesota average
Hinckley (zip 55037), Minnesota gets a BestPlaces Cost of Living score of 82.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 17.1% lower than the U.S. average and 14.7% higher than the average for Minnesota.

Zip 55037 (Hinckley, MN)

Housing costs in Hinckley?
A typical home costs $211,000, which is 37.6% less expensive than the national average of $338,100 and 31.8% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Hinckley costs $990 per month, which is 30.8% cheaper than the national average of $1,430 and 25.3% cheaper than the state average of $1,240.

Can I afford Hinckley?
To live comfortably in Hinckley (zip 55037), Minnesota, a minimum annual income of $40,320 for a family, and $30,400 for a single person is recommended.

What does A.I. say about Hinckley?
55037 Hinckley, MN is an affordable place to live for families and individuals alike. The median home price in 55037 is just over $125,000. This is significantly lower than the national average, making it a great option for people looking to buy their first home or make a move from a more expensive area. The cost of living in 55037 is about the same as the United States average, meaning you will get good bang for your buck with regard to grocery costs, utilities, and transportation fees. The city also offers access to a variety of amenities including shopping centers, restaurants, libraries, and parks that offer plenty of activities for everyone in the family.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesHinckleyMinnesotaUnited States
    Unlock97.2100.0
  94.7  Unlock100.0
    Unlock78.3100.0
  59.5  Unlock100.0
    Unlock$309,500$338,100
  94.2  Unlock100.0
    Unlock96.4100.0
  84.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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