Hastings, MN Cost Of Living
Cost Of Living In Hastings, MN Summary
Cost of living in Hastings 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 Hastings 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 Hastings is 103, with 100 being the average.
The cost of living index in Hastings is 1.0x higher than the national average.
Hastings ranks as the #64 cheapest in Minnesota out of 148.
Hastings ranks as the #2,952 cheapest out of 6,489 in the US.
The median home value in Hastings is $335,279.
The median income in Hastings is $92,940.
Table Of Contents
Hastings's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Hastings, MN?
According to the most recent data on the cost of living, Hastings has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to Minnesota, Hastings has a cost of living index that's 1.1x higher than Minnesota's index of 97.
The standard of living in Hastings ranks as #64 most affordable out of the 148 places we measured in Minnesota. By definition, that implies Hastings ranks as the #84 most expensive place in the North Star State.
For more reading on life in Hastings, check out:
In Minnesota
In America
Hastings Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Hastings. Here is how it fairs on each of the criteria:
The Services index in Hastings is 96.
The Groceries index in Hastings is 101.
The Health index in Hastings is 99.
The Housing index in Hastings is 119.
The Transportation index in Hastings is 96.
The Utilities index in Hastings is 92.
| Living Expense | Hastings | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 103 | 97 | 100 | |
| Services | 96 | 101 | 100 | |
| Groceries | 101 | 99 | 100 | |
| Health | 99 | 110 | 100 | |
| Housing | 119 | 100 | 100 | |
| Transportation | 96 | 95 | 100 | |
| Utilities | 92 | 94 | 100 | |
Hastings, 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 2019-2023. The key points are:
The Median Home Value in Hastings is $335,279.
The Median Rent in Hastings is $1,184.
The Median Income in Hastings is $92,940.
The Home Value To Income in Hastings is 3.6x.
The Rent To Monthly Income in Hastings is 0.15x.
Median Home Value
Median Rent
Median Income
Hastings, MN Costs By Category
Detailed Hastings Services Costs Vs. Minnesota
Detailed Hastings Groceries Costs Vs. Minnesota
Detailed Hastings Health Costs Vs. Minnesota
Detailed Hastings Transportation Costs Vs. Minnesota
Detailed Hastings Utilities Costs Vs. Minnesota
Hastings SnackAbility
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Cost Of Living In Cities Around Hastings
The cost of living varies in the cities and towns around Hastings. Here's a quick look at the cost of living in the most populous nearby places:
Woodbury, MN has a cost of living index of 122, 1.2x Hastings.
Lakeville, MN has a cost of living index of 119, 1.2x Hastings.
Eagan, MN has a cost of living index of 115, 1.1x Hastings.
| City | Population | Cost Of Living | Vs. Hastings |
|---|---|---|---|
| Woodbury, MN | 76,945 | 122 | 1.2x |
| Lakeville, MN | 72,480 | 119 | 1.2x |
| Eagan, MN | 68,158 | 115 | 1.1x |
| Apple Valley, MN | 55,696 | 111 | 1.1x |
| Cottage Grove, MN | 40,124 | 110 | 1.1x |
| Rosemount, MN | 26,509 | 115 | 1.1x |
| Farmington, MN | 23,675 | 111 | 1.1x |
| Hudson, WI | 15,004 | 109 | 1.1x |
| Lake Elmo, MN | 12,504 | 128 | 1.2x |
| Mendota Heights, MN | 11,644 | 122 | 1.2x |
