Hopkins, MN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
104
Hopkins's Overall Cost Of Living
1.0x
Higher Than The National Average
70 out of 147
In Minnesota
3,585 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Hopkins is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Hopkins, MN?

According to the most recent data on the cost of living, Hopkins has an overall cost of living index of 104 which is 1.0x higher than the national index of 100.

Compared to only Minnesota, Hopkins has a cost of living index that's 1.0x lower than Minnesota's index of 104.

The standard of living in Hopkins ranks as #3,586 most affordable out of the 6,418 places we measured in Minnesota. By definition, that implies Hopkins ranks as the #2,833 most expensive place in the North Star State.

For more reading on life in Hopkins, check out:

Hopkins Cost Of Living Vs. Minnesota

Living Expense Hopkins Minnesota National Average
Overall 104 104 100
Services 112 106 100
Groceries 105 102 100
Health 101 113 100
Housing 110 101 100
Transportation 100 102 100
Utilities 99 98 100
For more reading on cost of living around Minnesota, check out:
Hopkins Cost of Living Vs. MN

Hopkins, MN Housing Cost Breakdown

Housing swings affordability the most between places in Minnesota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$251,700
Median Home Value
$1,074
Median Rent
$59,141
Median Income
Statistic Hopkins Minnesota United States
Median Home Value $251,700 $235,700 $229,800
Median Rent $1,074 $1,010 $1,096
Median Income $59,141 $73,382 $64,994
Home Value To Income 4.3x 3.2x 3.5x
Rent To Monthly Income 0.22x 0.17x 0.2x

Detailed Hopkins Services Costs Vs. Minnesota

Item Hopkins Minnesota
Shampoo $1.09 $1.06
Movie $9.96 $10.68
Bowling $22.57 $14.67

Detailed Hopkins Groceries Costs Vs. Minnesota

Item Hopkins Minnesota
Ground Beef $4.4 $4.22
Fried Chicken $2.1 $1.39
Milk $2.6 $2.05

Detailed Hopkins Health Costs Vs. Minnesota

Item Hopkins Minnesota
Haircut $24.2 $18.62
Beauty Salon $34.39 $39.05
Toothpaste $3.36 $2.34

Detailed Hopkins Transportation Costs Vs. Minnesota

Item Hopkins Minnesota
Potatoes $3.32 $3.29
Pizza $12.99 $10.62
Beer $8.96 $9.38
Optometrist $89.59 $108.57
Doctor $147.85 $116.17
Dentist $86.94 $99.13

Detailed Hopkins Utilities Costs Vs. Minnesota

Item Hopkins Minnesota
Gasoline $2.06 $2.22
Tire Balancing $58.37 $50.07
All Electricity $160.63 $167.67
Phone $180.98 $175.64

Hopkins SnackAbility

8
/10
Overall SnackAbility
Jobs
7/10
Housing
8.5
Affordability
5
Diversity
9
Safety
6
Amenities
9
Education
9
Commute
8.5

Cost Of Living In Cities Around Hopkins

City Population Cost Of Living Vs. Hopkins
Plymouth, MN 78,879 122 1.2x
Maple Grove, MN 71,569 117 1.1x
Lakeville, MN 65,710 116 1.1x
Eden Prairie, MN 64,481 121 1.2x
Minnetonka, MN 53,760 121 1.2x
Edina, MN 52,215 135 1.3x
St. Louis Park, MN 48,874 113 1.1x
Richfield, MN 36,253 104 1.0x
Shoreview, MN 26,922 110 1.1x
Golden Valley, MN 21,611 116 1.1x

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