Hermantown, MN, offers a notably lower cost of living compared to the nationwide average. With a cost of living index of 80 for housing, this Minnesota town provides significant savings in this area. Although other categories such as groceries and utilities also show lower costs, they remain close to the national average. This overall lower cost of living makes Hermantown an attractive option for many job seekers looking to reduce expenses.
The cost of living index in Hermantown, MN, reflects several factors that can impact job seekers looking to relocate. Hermantown's overall cost of living index stands at 89, which is below the nationwide average of 100. This indicates that living expenses in Hermantown are generally lower than the national average. For instance, housing costs in Hermantown are 20% lower than the national average, with an index score of 80. This means renters and homeowners can expect to spend less on housing compared to the average U.S. resident.
In addition to housing, Hermantown also offers some cost advantages in other areas. Groceries, for example, cost 5% less, with an index of 95. Utilities are 10% below the national average at 90, and miscellaneous expenses are slightly lower at 92. Transportation costs, however, match the national average, with an index of 100. Healthcare costs are also slightly lower, at 85, offering a 15% saving. These figures make Hermantown an attractive option for those looking to reduce their living expenses while maintaining a good quality of life.
