Hutchinson, MN Cost Of Living
Cost Of Living In Hutchinson, MN Summary
Cost of living in Hutchinson 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 Hutchinson 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 Hutchinson is 97, with 100 being the average.
The cost of living index in Hutchinson is 1.0x lower than the national average.
Hutchinson ranks as the #28 cheapest in Minnesota out of 148.
Hutchinson ranks as the #2,245 cheapest out of 6,489 in the US.
The median home value in Hutchinson is $296,885.
The median income in Hutchinson is $71,730.
Table Of Contents
Hutchinson's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hutchinson, MN?
According to the most recent data on the cost of living, Hutchinson has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Minnesota, Hutchinson has a cost of living index that's 1.0x lower than Minnesota's index of 97.
The standard of living in Hutchinson ranks as #28 most affordable out of the 148 places we measured in Minnesota. By definition, that implies Hutchinson ranks as the #120 most expensive place in the North Star State.
For more reading on life in Hutchinson, check out:
In Minnesota
In America
Hutchinson Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Hutchinson. Here is how it fairs on each of the criteria:
The Services index in Hutchinson is 110.
The Groceries index in Hutchinson is 96.
The Health index in Hutchinson is 125.
The Housing index in Hutchinson is 85.
The Transportation index in Hutchinson is 101.
The Utilities index in Hutchinson is 95.
| Living Expense | Hutchinson | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 97 | 97 | 100 | |
| Services | 110 | 101 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 125 | 110 | 100 | |
| Housing | 85 | 100 | 100 | |
| Transportation | 101 | 95 | 100 | |
| Utilities | 95 | 94 | 100 | |
Hutchinson, 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 Hutchinson is $296,885.
The Median Rent in Hutchinson is $933.
The Median Income in Hutchinson is $71,730.
The Home Value To Income in Hutchinson is 4.1x.
The Rent To Monthly Income in Hutchinson is 0.16x.
| Statistic | Hutchinson | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $296,885 | $344,484 | $303,400 |
| Median Rent | $933 | $1,235 | $1,348 |
| Median Income | $71,730 | $87,556 | $78,538 |
| Home Value To Income | 4.1x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Hutchinson, MN Costs By Category
Detailed Hutchinson Services Costs Vs. Minnesota
| Item | Hutchinson | 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 Hutchinson Groceries Costs Vs. Minnesota
| Item | Hutchinson | 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 Hutchinson Health Costs Vs. Minnesota
| Item | Hutchinson | Minnesota |
|---|---|---|
| Optometrist | $109.94 | $125.68 |
| Doctor | $162.98 | $135.78 |
| Dentist | $96.9 | $113.29 |
Detailed Hutchinson Transportation Costs Vs. Minnesota
| Item | Hutchinson | Minnesota |
|---|---|---|
| Gasoline | $3.31 | $3.46 |
| Tire Balancing | $61.97 | $59.92 |
Detailed Hutchinson Utilities Costs Vs. Minnesota
| Item | Hutchinson | Minnesota |
|---|---|---|
| All Electricity | $175.69 | $193.99 |
| Phone | $188.55 | $192.25 |
Hutchinson SnackAbility
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Cost Of Living In Cities Around Hutchinson
The cost of living varies in the cities and towns around Hutchinson. 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, 1.3x Hutchinson.
Maple Grove, MN has a cost of living index of 118, 1.2x Hutchinson.
Eden Prairie, MN has a cost of living index of 124, 1.3x Hutchinson.
| City | Population | Cost Of Living | Vs. Hutchinson |
|---|---|---|---|
| Plymouth, MN | 79,526 | 124 | 1.3x |
| Maple Grove, MN | 70,539 | 118 | 1.2x |
| Eden Prairie, MN | 63,249 | 124 | 1.3x |
| Minnetonka, MN | 53,256 | 120 | 1.2x |
| Edina, MN | 53,125 | 139 | 1.4x |
| Rogers, MN | 13,405 | 122 | 1.3x |
| Victoria, MN | 10,972 | 132 | 1.4x |
| Minnetrista, MN | 8,509 | 141 | 1.5x |
| Shorewood, MN | 7,679 | 140 | 1.4x |
| Corcoran, MN | 6,854 | 125 | 1.3x |
