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 112, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Hopkins has a cost of living index that's 1.1x higher than Minnesota's index of 101.
The standard of living in Hopkins ranks as #96 most affordable out of the 151 places we measured in Minnesota. By definition, that implies Hopkins ranks as the #55 most expensive place in the North Star State.
For more reading on life in Hopkins, check out:
Hopkins Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Hopkins. Here is how it fares on each of the criteria:
The Services index in Hopkins is 99.
The Groceries index in Hopkins is 99.
The Health index in Hopkins is 129.
The Housing index in Hopkins is 102.
The Transportation index in Hopkins is 104.
The Utilities index in Hopkins is 104.
| Living Expense | Hopkins | Minnesota | National Average |
|---|---|---|---|
| Overall | 112 | 101 | 100 |
| Services | 99 | 101 | 100 |
| Groceries | 99 | 99 | 100 |
| Health | 129 | 99 | 100 |
| Housing | 102 | 101 | 100 |
| Transportation | 104 | 103 | 100 |
| Utilities | 104 | 101 | 100 |
Hopkins Cost Of Living Compared To Minnesota Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Minnesota, check out:
Protect your home budget Compare home warranties in Hopkins Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Hopkins, 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 2020-2024. The key points are:
The Median Home Value in Hopkins is $330,893.
The Median Rent in Hopkins is $1,468.
The Median Income in Hopkins is $75,234.
The Home Value To Income in Hopkins is 4.4x.
The Rent To Monthly Income in Hopkins is 0.23x.
Hopkins, MN Costs By Category
Detailed Hopkins Services costs vs. Minnesota
Detailed Hopkins Groceries costs vs. Minnesota
Detailed Hopkins Health costs vs. Minnesota
Detailed Hopkins Transportation costs vs. Minnesota
Hopkins SnackAbility
Cost Of Living In Cities Around Hopkins
The cost of living varies in the cities and towns around Hopkins. Here's a quick look at the cost of living in the most populous nearby places:
Plymouth, MN has a cost of living index of 124, 1.1x Hopkins.
Lakeville, MN has a cost of living index of 122, 1.1x Hopkins.
Maple Grove, MN has a cost of living index of 117, 1.0x Hopkins.
| City | Population | Cost Of Living | Vs. Hopkins |
|---|---|---|---|
| Plymouth, MN | 79,220 | 124 | 1.1x |
| Lakeville, MN | 74,354 | 122 | 1.1x |
| Maple Grove, MN | 71,173 | 117 | 1.0x |
| Eden Prairie, MN | 63,051 | 128 | 1.1x |
| Edina, MN | 53,262 | 141 | 1.3x |
| Minnetonka, MN | 53,064 | 127 | 1.1x |
| St. Louis Park, MN | 49,594 | 116 | 1.0x |
| Richfield, MN | 36,642 | 106 | 0.9x |
| Shoreview, MN | 26,714 | 116 | 1.0x |
| Golden Valley, MN | 21,725 | 122 | 1.1x |
