| Index | Hugo | Minnesota | National |
| Cost of living | 113 | 100 | 100 |
| Groceries | 98 | 100 | 100 |
| Health care | 98 | 100 | 100 |
| Housing | 147 | 100 | 100 |
| Transportation | 98 | 100 | 100 |
| Utilities | 108 | 104 | 100 |
| Lifestyle & Entertainment | 100 | 100 | 100 |
| Household Items | 99 | 100 | 100 |
| Education & Childcare | 96 | 99 | 100 |
Getting a feel for the cost of living in Hugo is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Hugo is 113, which is 13% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
Housing costs make up a big chunk of the cost of living in Hugo, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 46.7% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Wondering if Hugo is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Hugo, for example, the median home price is 44.1% higher than what folks pay nationally, and monthly rent is 52.7% higher than the usual rates. Plus, income levels matter too, with Hugo boasting a median household income of $139,883, which is 72% higher than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Hugo, the groceries index is 1.9% lower than the national average.
Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.
Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.
The cost of living estimates displayed for Hugo are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Groceries index | |
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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $140,545 | $11,712 | $3,279 | $4,217 |
| Renters | $91,078 | $7,590 | $2,125 | $2,733 |
| 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. |
| Houlton, WI | 109 | 100 | 0.0% |
| Landfall, MN | 819 | 72 | 27.9% |
| Hilltop, MN | 1,045 | 80 | 20.0% |
| St. Anthony city (Stearns County), MN | 108 | 84 | 16.4% |
| Stacy, MN | 2,036 | 96 | 4.4% |
| Hugo, MN | 15,501 | 113 | 13.4% |
| City | Population | Cost of Living Index | National Avg. |
| Hollins, VA | 15,501 | 102 | 1.7% |
| Clearview, ON | 15,502 | n/a | |
| Kenmore, NY | 15,498 | 103 | 3.1% |
| Lockhart, FL | 15,492 | 106 | 5.8% |
| West Haven, UT | 15,511 | 122 | 22.0% |
| Hugo, MN | 15,501 | 113 | 13.4% |
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