Hibbing, MN, has a cost of living index that is slightly lower than the nationwide average. The overall cost of living index for Hibbing stands at 89, which is 11% below the national average of 100. This means that, on average, residents in Hibbing can expect to spend less on various living expenses compared to the rest of the country.
Specifically, housing costs in Hibbing are 15% below the national average, while groceries are only 10% lower. Utilities, transportation, healthcare, and miscellaneous costs also hover around 5% to 10% below the average. These figures make Hibbing an attractive option for those looking to reduce their living expenses.
Hibbing, MN, presents a cost of living index that is notably lower than the nationwide average, which is set at 100. Specifically, the housing index in Hibbing stands at 85, which is 15% less than the national average. This suggests that housing costs in Hibbing are more affordable, making it a potentially attractive option for those looking to save on their living expenses.
In addition to housing, the transportation index in Hibbing is 88, which is 12% below the average. This indicates that residents of Hibbing can expect to spend less on commuting and vehicle-related costs compared to the national average. Groceries, utilities, healthcare, and miscellaneous costs also show a similar trend, with indices of 90, 95, 92, and 87, respectively. These figures represent savings of 10%, 5%, 2%, and 13% compared to the national average. Overall, Hibbing offers a cost of living that is significantly lower in several key areas, making it an appealing choice for budget-conscious individuals.
