Hutchinson 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.
IndexHutchinsonMinnesotaNational
Cost of living index95102100
IndexHutchinsonMinnesotaNational
Goods & Services index104107100
Groceries index114107100
Health care index114108100
Housing index78101100
Transportation index9298100
Utilities index8987100
A general overview of the cost of living index for Hutchinson, MN is displayed above. In Hutchinson, MN, the overall cost of living index is 95, which is 7% lower than the Minnesota average and 5% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Hutchinson, MN, the city's goods and services are 3% lower than the Minnesota average and 4% higher than the U.S. average.

Did you know?

  • The cost of living in Hutchinson is 7% lower than the Minnesota average.
  • The cost of living in Hutchinson is 5% lower than the national average.
  • The cost of housing in Hutchinson is 22% 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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Salary Calculator

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Groceries index
Health care index
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The salary calculator allows you to compare how much your current salary in Hutchinson, 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 Hutchinson, MN, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Hutchinson, 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$61,129$5,094$1,426$1,834
Renters$28,191$2,349$658$846
One can approximate the cost of living and the housing affordability in Hutchinson, MN by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Hutchinson, MN have a median income of $61,129. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,426 per month to avoid calamity and poverty. The renters in the city have an income of about $28,191, which would make their monthly maximum allowable rental costs $658.

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%
When assessing the complete cost of living in Hutchinson, MN, the Minnesota income tax and the Minnesota sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Minnesota maximum surtax is 7.875%, and the Minnesota sales tax is 6.875%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 5.35% to 9.85% in Minnesota.

Goods & Services

ItemHutchinsonNational avg.Difference
Haircut $21.63$14.5948.2%
Beauty Salon $29.50$34.6814.9%
Toothpaste $3.02$2.4722.1%
Shampoo $1.04$1.021.8%
Movie $10.00$9.871.3%
Bowling $3.98$4.399.4%

Groceries

ItemHutchinsonNational avg.Difference
Ground Beef $4.94$4.4810.3%
Fried Chicken $1.99$1.4635.9%
Milk $2.64$2.3612.0%
Potatoes $1.99$3.0635.0%
Pizza $8.00$9.2413.4%
Beer $8.99$8.634.1%

Health Care

ItemHutchinsonNational avg.Difference
Optometrist $120.00$99.7820.3%
Doctor $159.50$105.0351.9%
Dentist $84.75$88.704.5%
Ibuprofen $10.47$9.4111.2%
Lipitor $297.89$298.500.2%

Housing

ItemHutchinsonNational avg.Difference
Home Price $137,800.00$175,700.0021.6%
Avg. Mortgage Payment $820.96$1,081.0324.1%
Apartment Rent $717.00$920.0022.1%

Transportation

ItemHutchinsonNational avg.Difference
Gasoline $1.92$2.098.2%
Tire Balancing $42.25$45.296.7%

Utilities

ItemHutchinsonNational avg.Difference
All Electricity$162.93$170.804.6%
Phone $22.89$28.2619.0%
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.
Stewart, MN53583-17%
New Auburn, MN52785-15%
Brownton, MN73886-14%
Biscay, MN9686-14%
Cedar Mills, MN4588-12%
Hutchinson, MN13,98395-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Washington, MO13,98295-5%
Bluffton, SC13,97911010%
Auburndale, FL13,97992-8%
New Cassel, NY13,98813636%
East Islip, NY13,98914949%
Hutchinson, MN13,98395-5%
Source: The Hutchinson, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.