Hibbing, MN, presents a cost of living index that is notably lower than the nationwide average of 100. Specifically, the overall cost of living in Hibbing stands at 88, reflecting a 12% reduction compared to the national average. This lower cost is primarily driven by the housing index, which is 20% below the national average. Despite some categories, such as healthcare, being slightly higher, the overall cost of living in Hibbing remains attractive for job seekers looking for a more affordable lifestyle.
Hibbing, MN, presents a cost of living that is notably lower than the nationwide average. The cost of living index for the city stands at 88, which is 12% below the average of 100. This lower index suggests that residents of Hibbing can expect to spend less on their overall living expenses compared to the national average. Housing costs in Hibbing are particularly favorable, with an index of 80, meaning residents pay 20% less than the national average. This affordability can be a significant advantage for those considering relocation to Hibbing.
In addition to housing, other categories also reflect a lower cost of living in Hibbing. Groceries, for example, have an index of 90, which is 10% below the average. Utilities are slightly more expensive, with an index of 95, but still remain 5% under the national average. Transportation costs are at 85, indicating an additional 15% savings for Hibbing residents. Healthcare, however, has a higher index of 110, meaning it costs 10% more than the national average. Despite this, the overall cost of living in Hibbing remains competitive, making it an attractive option for many.
