Hugo 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.
IndexHugoMinnesotaNational
Cost of living index111102100
IndexHugoMinnesotaNational
Goods & Services index108106100
Groceries index104105100
Health care index106110100
Housing index128101100
Transportation index9798100
Utilities index9491100
A general summary of the cost of living index in Hugo, MN is shown above. Compared to the state average of Minnesota the cost of living index in Hugo, MN is 111, which is 8% higher than the average in Minnesota and compared to the national average it is 11% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Hugo, MN goods and services come in at 1% higher than the average in Minnesota and are 8% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Hugo is 8% higher than the Minnesota average.
  • The cost of living in Hugo is 11% higher than the national average.
  • The cost of housing in Hugo is 28% higher 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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Salary Calculator

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The salary calculator allows you to compare how much your current salary in Hugo, MN would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Hugo, MN, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Hugo, MN salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$83,998$7,000$1,960$2,520
Renters$29,649$2,471$692$890
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Hugo, MN, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Hugo, MN homeowners have a median income of $83,998. Using that number, you will come up with a maximum of $1,960 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $29,649, which means there is a maximum of $692 to be spent on the costs of renting a home or apartment.

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%
The Minnesota sales tax and Minnesota income tax rates should definitely be considered when determining the overall cost of living in Hugo, MN. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Minnesota sales tax is 6.875% and the maximum surtax is 7.875%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Minnesota income tax rates range from 5.35% to 9.85%.

Goods & Services

ItemHugoNational avg.Difference
Haircut $24.91$15.5660.0%
Beauty Salon $33.76$36.116.5%
Toothpaste $3.41$2.4737.8%
Shampoo $1.04$0.967.8%
Movie $9.85$10.132.8%
Bowling $4.06$4.7414.2%

Groceries

ItemHugoNational avg.Difference
Ground Beef $4.07$3.982.2%
Fried Chicken $1.94$1.4137.9%
Milk $2.17$2.065.0%
Potatoes $3.19$2.987.0%
Pizza $10.59$9.4711.8%
Beer $8.92$8.791.4%

Health Care

ItemHugoNational avg.Difference
Optometrist $81.20$101.0419.6%
Doctor $134.89$107.4425.5%
Dentist $87.31$90.423.4%
Ibuprofen $11.78$9.2827.0%
Lipitor $406.73$426.504.6%

Housing

ItemHugoNational avg.Difference
Home Price $224,100.00$175,700.0027.5%
Avg. Mortgage Payment $1,182.68$1,133.234.4%
Apartment Rent $1,184.00$920.0028.7%

Transportation

ItemHugoNational avg.Difference
Gasoline $1.85$1.997.0%
Tire Balancing $48.94$45.767.0%

Utilities

ItemHugoNational avg.Difference
All Electricity$162.69$163.810.7%
Phone $24.99$28.3912.0%
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.
Landfall, MN79678-22%
Hilltop, MN82881-19%
Stacy, MN1,53992-8%
Osceola, WI2,52296-4%
Somerset, WI2,65597-3%
Hugo, MN13,85011111%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Beach Park, IL13,8511088%
Sharon, PA13,84581-19%
Lyndhurst, OH13,856100-0%
Baker, LA13,83891-9%
Fort Mohave, AZ13,86294-6%
Hugo, MN13,85011111%
Source: The Hugo, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.