Hibbing, MN Cost Of Living
Cost Of Living In Hibbing, MN Summary
Cost of living in Hibbing research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hibbing is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Hibbing is 93, with 100 being the average.
The cost of living index in Hibbing is 0.9x lower than the national average.
Hibbing ranks as the #20 cheapest in Minnesota out of 147.
Hibbing ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Hibbing is $111,300.
The median income in Hibbing is $49,710.
Table Of Contents
Hibbing's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hibbing, MN?
According to the most recent data on the cost of living, Hibbing has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Minnesota, Hibbing has a cost of living index that's 1.0x lower than Minnesota's index of 95.
The standard of living in Hibbing ranks as #20 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Hibbing ranks as the #127 most expensive place in the North Star State.
For more reading on life in Hibbing, check out:
- Living In Hibbing
- Hibbing Crime Report
- Search Homes For Sale In Hibbing, MN
In Minnesota
In America
Hibbing Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Hibbing. Here is how it fairs on each of the criteria:
The Services index in Hibbing is 110.
The Groceries index in Hibbing is 111.
The Health index in Hibbing is 117.
The Housing index in Hibbing is 57.
The Transportation index in Hibbing is 101.
The Utilities index in Hibbing is 98.
| Living Expense | Hibbing | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 93 | 95 | 100 | |
| Services | 110 | 101 | 100 | |
| Groceries | 111 | 98 | 100 | |
| Health | 117 | 111 | 100 | |
| Housing | 57 | 83 | 100 | |
| Transportation | 101 | 98 | 100 | |
| Utilities | 98 | 95 | 100 | |
Hibbing, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Hibbing is $111,300.
The Median Rent in Hibbing is $610.
The Median Income in Hibbing is $49,710.
The Home Value To Income in Hibbing is 2.2x.
The Rent To Monthly Income in Hibbing is 0.15x.
| Statistic | Hibbing | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $111,300 | $250,200 | $244,900 |
| Median Rent | $610 | $1,081 | $1,163 |
| Median Income | $49,710 | $77,706 | $69,021 |
| Home Value To Income | 2.2x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Hibbing, MN Costs By Category
Detailed Hibbing Services Costs Vs. Minnesota
Detailed Hibbing Groceries Costs Vs. Minnesota
Detailed Hibbing Health Costs Vs. Minnesota
Detailed Hibbing Transportation Costs Vs. Minnesota
Detailed Hibbing Utilities Costs Vs. Minnesota
Hibbing SnackAbility
/10
Cost Of Living In Cities Around Hibbing
The cost of living varies in the cities and towns around Hibbing. Here's a quick look at the cost of living in the most populous nearby places:
Grand Rapids, MN has a cost of living index of 99, 1.1x Hibbing.
Virginia, MN has a cost of living index of 89, 1.0x Hibbing.
| City | Population | Cost Of Living | Vs. Hibbing |
|---|---|---|---|
| Grand Rapids, MN | 11,056 | 99 | 1.1x |
| Virginia, MN | 8,444 | 89 | 1.0x |
