Hermantown, MN Cost Of Living
Cost Of Living In Hermantown, MN Summary
Cost of living in Hermantown 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 Hermantown 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 Hermantown is 114, with 100 being the average.
The cost of living index in Hermantown is 1.1x higher than the national average.
Hermantown ranks as the #116 cheapest in Minnesota out of 148.
Hermantown ranks as the #4,023 cheapest out of 6,489 in the US.
The median home value in Hermantown is $421,260.
The median income in Hermantown is $92,026.
Table Of Contents
Hermantown's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Hermantown, MN?
According to the most recent data on the cost of living, Hermantown has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Hermantown has a cost of living index that's 1.2x higher than Minnesota's index of 97.
The standard of living in Hermantown ranks as #116 most affordable out of the 148 places we measured in Minnesota. By definition, that implies Hermantown ranks as the #32 most expensive place in the North Star State.
For more reading on life in Hermantown, check out:
In Minnesota
In America
Hermantown Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Hermantown. Here is how it fairs on each of the criteria:
The Services index in Hermantown is 107.
The Groceries index in Hermantown is 96.
The Health index in Hermantown is 125.
The Housing index in Hermantown is 137.
The Transportation index in Hermantown is 100.
The Utilities index in Hermantown is 93.
| Living Expense | Hermantown | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 114 | 97 | 100 | |
| Services | 107 | 101 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 125 | 110 | 100 | |
| Housing | 137 | 100 | 100 | |
| Transportation | 100 | 95 | 100 | |
| Utilities | 93 | 94 | 100 | |
Hermantown, 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 Hermantown is $421,260.
The Median Rent in Hermantown is $1,375.
The Median Income in Hermantown is $92,026.
The Home Value To Income in Hermantown is 4.6x.
The Rent To Monthly Income in Hermantown is 0.18x.
| Statistic | Hermantown | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $421,260 | $344,484 | $303,400 |
| Median Rent | $1,375 | $1,235 | $1,348 |
| Median Income | $92,026 | $87,556 | $78,538 |
| Home Value To Income | 4.6x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Hermantown, MN Costs By Category
Detailed Hermantown Services Costs Vs. Minnesota
| Item | Hermantown | Minnesota |
|---|---|---|
| Shampoo | $1.52 | $1.28 |
| Movie | $11.24 | $12.13 |
| Bowling | $26.39 | $18 |
| Haircut | $27.97 | $24.26 |
| Beauty Salon | $37.17 | $45.56 |
Detailed Hermantown Groceries Costs Vs. Minnesota
| Item | Hermantown | Minnesota |
|---|---|---|
| Ground Beef | $5.75 | $5.84 |
| Fried Chicken | $1.35 | $1.57 |
| Milk | $4.58 | $4.67 |
| Potatoes | $4.86 | $4.93 |
| Pizza | $13.07 | $12.09 |
| Beer | $9.52 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Hermantown Health Costs Vs. Minnesota
| Item | Hermantown | Minnesota |
|---|---|---|
| Optometrist | $109.94 | $125.68 |
| Doctor | $162.98 | $135.78 |
| Dentist | $96.9 | $113.29 |
Detailed Hermantown Transportation Costs Vs. Minnesota
| Item | Hermantown | Minnesota |
|---|---|---|
| Gasoline | $3.31 | $3.46 |
| Tire Balancing | $61.97 | $59.92 |
Detailed Hermantown Utilities Costs Vs. Minnesota
| Item | Hermantown | Minnesota |
|---|---|---|
| All Electricity | $175.69 | $193.99 |
| Phone | $188.55 | $192.25 |
Hermantown SnackAbility
/10
Cost Of Living In Cities Around Hermantown
The cost of living varies in the cities and towns around Hermantown. Here's a quick look at the cost of living in the most populous nearby places:
Duluth, MN has a cost of living index of 99, 0.9x Hermantown.
Superior, WI has a cost of living index of 93, 0.8x Hermantown.
Cloquet, MN has a cost of living index of 100, 0.9x Hermantown.
| City | Population | Cost Of Living | Vs. Hermantown |
|---|---|---|---|
| Duluth, MN | 86,863 | 99 | 0.9x |
| Superior, WI | 26,550 | 93 | 0.8x |
| Cloquet, MN | 12,582 | 100 | 0.9x |
