Hibbing, MN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Hibbing, MN Summary

Cost of living in Hibbing research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hibbing is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Hibbing is 93, with 100 being the average.

  • The cost of living index in Hibbing is 0.9x lower than the national average.

  • Hibbing ranks as the #20 cheapest in Minnesota out of 147.

  • Hibbing ranks as the #2,137 cheapest out of 6,412 in the US.

  • The median home value in Hibbing is $111,300.

  • The median income in Hibbing is $49,710.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
93
Hibbing's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Hibbing, MN?

According to the most recent data on the cost of living, Hibbing has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.

Compared to Minnesota, Hibbing has a cost of living index that's 1.0x lower than Minnesota's index of 95.

The standard of living in Hibbing ranks as #20 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Hibbing ranks as the #127 most expensive place in the North Star State.

For more reading on life in Hibbing, check out:

20 out of 147
In Minnesota
2,137 out of 6,412
In America

Hibbing Cost Of Living Vs. Minnesota

Six factors go into calculating the cost of living index in Hibbing. Here is how it fairs on each of the criteria:

  • The Services index in Hibbing is 110.

  • The Groceries index in Hibbing is 111.

  • The Health index in Hibbing is 117.

  • The Housing index in Hibbing is 57.

  • The Transportation index in Hibbing is 101.

  • The Utilities index in Hibbing is 98.

Living Expense Hibbing Minnesota National Average
Overall 93 95 100
Services 110 101 100
Groceries 111 98 100
Health 117 111 100
Housing 57 83 100
Transportation 101 98 100
Utilities 98 95 100
For more reading on cost of living around Minnesota, check out:
Hibbing Cost of Living Vs. MN

Hibbing, MN Housing Cost Breakdown

Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Hibbing is $111,300.

  • The Median Rent in Hibbing is $610.

  • The Median Income in Hibbing is $49,710.

  • The Home Value To Income in Hibbing is 2.2x.

  • The Rent To Monthly Income in Hibbing is 0.15x.

Statistic Hibbing Minnesota United States
Median Home Value $111,300 $250,200 $244,900
Median Rent $610 $1,081 $1,163
Median Income $49,710 $77,706 $69,021
Home Value To Income 2.2x 3.2x 3.5x
Rent To Monthly Income 0.15x 0.17x 0.2x
Search Homes For Sale In Hibbing, MN
$111,300
Median Home Value
$610
Median Rent
$49,710
Median Income

Hibbing, MN Costs By Category

Detailed Hibbing Services Costs Vs. Minnesota

Item Hibbing Minnesota
Shampoo $1.41 $1.06
Movie $11.5 $10.68
Bowling $14.67 $14.67
Haircut $22.14 $18.62
Beauty Salon $32.63 $39.05

Detailed Hibbing Groceries Costs Vs. Minnesota

Item Hibbing Minnesota
Ground Beef $4.38 $4.22
Fried Chicken $1.87 $1.39
Milk $2.51 $2.05
Potatoes $3.69 $3.29
Pizza $11.82 $10.62
Beer $9.02 $9.38
Toothpaste $2.47 $2.34

Detailed Hibbing Health Costs Vs. Minnesota

Item Hibbing Minnesota
Optometrist $121.88 $108.57
Doctor $188.46 $116.17
Dentist $98.83 $99.13

Detailed Hibbing Transportation Costs Vs. Minnesota

Item Hibbing Minnesota
Gasoline $2.14 $2.22
Tire Balancing $51.67 $50.07

Detailed Hibbing Utilities Costs Vs. Minnesota

Item Hibbing Minnesota
All Electricity $167.38 $167.67
Phone $181.73 $175.64

Hibbing SnackAbility

8
/10
Overall SnackAbility
Jobs
7/10
Housing
4
Affordability
8.5
Diversity
5
Safety
8
Amenities
6
Education
8
Commute
9.5

Cost Of Living In Cities Around Hibbing

The cost of living varies in the cities and towns around Hibbing. Here's a quick look at the cost of living in the most populous nearby places:

  • Grand Rapids, MN has a cost of living index of 99, 1.1x Hibbing.

  • Virginia, MN has a cost of living index of 89, 1.0x Hibbing.

City Population Cost Of Living Vs. Hibbing
Grand Rapids, MN 11,056 99 1.1x
Virginia, MN 8,444 89 1.0x

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