Hyde Park, Minnesota is a small town located in Saint Louis County. It has a population of just over 500 people according to the 2010 census. Despite its small size, Hyde Park has been highly ranked by Best Places for factors such as its strong economy, low cost of living, and high quality of life. The area boasts an incredibly low unemployment rate at just 2%, well below the national average of 5%. Additionally, the cost of living index is 6% lower than the national average and housing prices are also considerably lower than other areas in the state. Furthermore, Hyde Park's crime rate is exceptionally low with only 134 reported incidents per 100,000 people - one of the lowest rates in Minnesota. With all these factors combined, it’s no wonder why Hyde Park was rated one of the best places to live in St. Louis County.
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