| Index | Hastings | Minnesota | National |
| Cost of living | 105 | 100 | 100 |
| Groceries | 100 | 100 | 100 |
| Health care | 99 | 100 | 100 |
| Housing | 117 | 100 | 100 |
| Transportation | 98 | 100 | 100 |
| Utilities | 104 | 104 | 100 |
| Lifestyle & Entertainment | 97 | 100 | 100 |
| Household Items | 100 | 100 | 100 |
| Education & Childcare | 97 | 99 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Hastings? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Hastings stands at 105, making it 5% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
In Hastings, daily expenses such as food, housing, lifestyle expenses, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Hastings will resemble that of an average city, contributing to a manageable cost of living.
Is Hastings an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Hastings, the median home price is 23.7% higher than what most folks pay across the country, and monthly rent prices are 0.1% higher than the usual rates. Income levels in Hastings come in at $113,463, which is 39.5% higher than the national average.
Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Hastings, the utilities index registers at 4.1% higher than the national average.
Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Hastings, the baseline sales tax rate begins at 6.875%, and income tax rates start at 5.35%.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Hastings, healthcare costs are 0.8% lower than the national average.
The Hastings cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $129,976 | $10,831 | $3,033 | $3,900 |
| Renters | $64,442 | $5,370 | $1,504 | $1,933 |
| State | General Sales Tax | With Max Surtax |
| Minnesota | 6.875% | 7.875% |
| State | Income Tax (Low) | Income Tax (High) |
| Minnesota | 5.35% | 9.85% |
| City | Population | Cost of Living Index | National Avg. |
| South End, MN | 66 | 78 | 22.1% |
| New Trier, MN | 87 | 98 | 1.9% |
| Cannon Falls, MN | 4,154 | 101 | 0.7% |
| St. Paul Park, MN | 5,562 | 101 | 1.2% |
| Coates, MN | 145 | 101 | 1.5% |
| Hastings, MN | 23,352 | 105 | 4.5% |
| City | Population | Cost of Living Index | National Avg. |
| Griffin, GA | 23,351 | 91 | 8.5% |
| Mandan, ND | 23,353 | 103 | 2.8% |
| Allison Park, PA | 23,344 | 110 | 10.3% |
| Jasmine Estates, FL | 23,361 | 95 | 5.3% |
| Webster Groves, MO | 23,373 | 115 | 15.5% |
| Hastings, MN | 23,352 | 105 | 4.5% |
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