Hinckley cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexHinckleyMinnesotaNational
Cost of living index89102100
IndexHinckleyMinnesotaNational
Goods & Services index103105100
Groceries index115106100
Health care index124113100
Housing index55100100
Transportation index101103100
Utilities index8589100

Did you know?

  • The cost of living in Hinckley is 13% lower than the Minnesota average.
  • The cost of living in Hinckley is 11% lower than the national average.
  • The cost of housing in Hinckley is 45% lower than the national average.
  • Minnesota general sales tax is 35% higher than the national average.
  • Minnesota state income tax is 141% higher than the national average.

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Compare Hinckley, MN Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$48,125$4,010$1,123$1,444
Renters$21,131$1,761$493$634

Minnesota Sales Tax

StateGeneral Sales TaxWith Max Surtax
Minnesota6.875%7.875%

Minnesota Income Tax

StateIncome Tax (Low)Income Tax (High)
Minnesota5.35%9.85%

Goods & Services

ItemHinckleyNational avg.Difference
Haircut $17.00$16.095.7%
Beauty Salon $32.17$37.3313.8%
Toothpaste $2.93$2.4519.9%
Shampoo $1.53$1.0053.3%
Movie $9.25$10.2810.0%
Bowling $4.07$4.9317.4%

Groceries

ItemHinckleyNational avg.Difference
Ground Beef $3.79$3.800.3%
Fried Chicken $2.22$1.4058.9%
Milk $2.29$2.0114.1%
Potatoes $3.02$3.010.2%
Pizza $9.99$9.891.1%
Beer $9.79$8.9010.0%

Health Care

ItemHinckleyNational avg.Difference
Optometrist $132.83$102.1630.0%
Doctor $184.50$108.3670.3%
Dentist $89.10$92.533.7%
Ibuprofen $9.63$9.283.8%
Lipitor $480.16$425.8212.8%

Housing

ItemHinckleyNational avg.Difference
Home Price $93,700.00$184,700.0049.3%
Avg. Mortgage Payment $823.98$1,202.4431.5%
Apartment Rent $626.00$949.0034.0%

Transportation

ItemHinckleyNational avg.Difference
Gasoline $2.30$2.242.5%
Tire Balancing $45.09$46.292.6%

Utilities

ItemHinckleyNational avg.Difference
All Electricity$162.68$165.962.0%
Phone $19.99$28.6830.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Grasston, MN20886-14%
Askov, MN34786-14%
Henriette, MN8287-13%
Sandstone, MN2,74190-10%
Pine City, MN3,06791-9%
Hinckley, MN1,64889-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Newberry, MI1,64978-22%
Emerson, GA1,64994-6%
West Salem, OH1,64781-19%
Runaway Bay, TX1,64791-9%
Tennille, GA1,64978-22%
Hinckley, MN1,64889-11%
Source: The Hinckley, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.