Cost Of Living in Hoffman, MN

Get 300+ Local Insights for Any Address in Hoffman, MN

Get Access to 300+ Local Data Points

A+

13%

Overall NAT. AVG.

0%

Groceries NAT. AVG.

45%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Hoffman	Minnesota	National
Cost of living	87	100	100
Groceries	100	100	100
Health care	99	100	100
Housing	55	100	100
Transportation	100	100	100
Utilities	106	104	100
Lifestyle & Entertainment	101	100	100
Household Items	102	100	100
Education & Childcare	99	99	100

Does this Area Fit Your Budget?

Know the community before you call it home
Compare multiple areas side by side
Access over 300 data points for any address

GET REPORT →

Homes For Sale In Hoffman, MN

6580 Tower Rd SW

Kensington, MN

23146 Red Rock Shores Dr SW

Hoffman, MN

105 Kentucky Ave

Hoffman, MN

106 4th St N

Hoffman, MN

See the Newest Homes For Sale In Hoffman, MN

Cost Of Living Quick Facts

The cost of living in Hoffman is 13% lower than the Minnesota average
The cost of living in Hoffman is 13% lower than the national average
Hoffman housing is 45% lower than the national average
Minnesota general sales tax is 35% higher than the national average
Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Hoffman

See all the best places to live around Hoffman

Compare Hoffman, MN Cost of Living

Write a review to give others more information about this area.

See all Hoffman poll results

The best places in Minnesota

Here are the best places to live in Minnesota

Check out the 10 safest cities in Minnesota

These are the largest cities in Minnesota

Check out the 10 most dangerous cities in Minnesota

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$93,828	$7,819	$2,189	$2,815
Renters	$38,388	$3,199	$896	$1,152

Minnesota Sales Tax

State	General Sales Tax	With Max Surtax
Minnesota	6.875%	7.875%

Minnesota Income Tax

State	Income Tax (Low)	Income Tax (High)
Minnesota	5.35%	9.85%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Elbow Lake CDP, MN	70	78	21.6%
Wendell, MN	134	80	20.3%
Kensington, MN	234	83	16.6%
Farwell, MN	27	86	13.9%
Barrett, MN	379	86	13.7%
Hoffman, MN	598	87	13.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Gillett, AR	598	81	18.8%
Sulphur Rock, AR	598	85	14.6%
Tacna, AZ	598	91	9.0%
Yankeetown, FL	598	102	1.6%
Madrone, NM	598	88	12.1%
Hoffman, MN	598	87	13.0%

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

Cost of Living in Hoffman, MN

Homes For Sale In Hoffman, MN

Cost Of Living Quick Facts

Most Affordable Places to Live in and Around Hoffman

Compare Hoffman, MN Cost of Living

The best places in Minnesota

Salary Calculator

Median Income & Debt-To-Income Ratio

Minnesota Sales Tax

Minnesota Income Tax

Nearby cities with low cost of living

Cities with similar population