Housing costs in Hopkins?
A typical home costs
$328,600, which is 2.8% less expensive than the national average of
$338,100 and 6.2% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hopkins costs
$1,490 per month, which is 20.2% more than the national average of
$1,240 and 6.0% more than the state average of
$1,400.
Can I afford Hopkins?
To live comfortably in Hopkins (zip 55343), Minnesota, a minimum annual income of
$63,000 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Hopkins?
The cost of living in 55343 Hopkins, MN is generally higher than the national average. According to BestPlaces, the overall cost of living index stands at 97.50 compared to the national average of 100. Housing costs are particularly high, with the median price for a one-bedroom apartment coming in at around $1,200 per month and three-bedrooms costing an average of $1,400 per month. Groceries also cost more than the national average, but healthcare expenses are lower. Taxes can be relatively high due to Minnesota's higher income tax rate. All in all, Hopkins is a great place to live despite its slightly higher-than-average cost of living.