Housing costs in Hugo?
A typical home costs
$419,400, which is 24.0% more expensive than the national average of
$338,100 and 35.5% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hugo costs
$1,830 per month, which is 47.6% more than the national average of
$1,240 and 23.5% more than the state average of
$1,400.
Can I afford Hugo?
To live comfortably in Hugo (zip 55038), Minnesota, a minimum annual income of
$80,280 for a family, and
$59,600 for a single person is recommended.
What does A.I. say about Hugo?
The cost of living in Hugo, Minnesota (55038) is relatively low compared to other areas of the country. The median home price is just over $250,000, which is much lower than the national median. Groceries, utilities, and health care are all affordable as well. Overall, Hugo offers a great quality of life for those on a budget looking to live in a safe and friendly community. It's no wonder that so many people choose to call Hugo home!