Hibbing, MN, offers a cost of living that is below the nationwide average of 100. Specifically, the housing cost index stands at 85, indicating a 15% reduction compared to the average. Groceries in Hibbing are also 5% lower, with an index of 95. This makes living in Hibbing a potentially more affordable option for many people.
The utilities index of 90 shows a 10% decrease, while transportation costs align with the national average at 100. Notably, healthcare costs in Hibbing are slightly above average at 105, a 5% increase. Miscellaneous costs, at 92, reflect a 8% reduction. Overall, these figures suggest that Hibbing provides a cost-effective living environment for many expenses.
The cost of living index in Hibbing, Minnesota, reflects a pattern that is generally lower than the nationwide average, which is set at 100. Housing costs in Hibbing are notably lower, at 85. This means residents spend about 15% less on housing compared to the national average. This reduction can be a significant advantage for those looking to minimize living expenses.
In other areas, such as groceries and utilities, Hibbing also presents some savings. The grocery cost index stands at 95, which is 5% below the national average. Similarly, utilities cost 90, suggesting a 10% savings. These lower costs make Hibbing an attractive option for those seeking affordable living without sacrificing quality of life. While healthcare costs are slightly higher at 105, the overall savings in housing and utilities may outweigh this expense for many.
