Hugo, MN, showcases a cost of living index that is slightly lower than the nationwide average of 100. Housing, groceries, and transportation each reflect costs 10% below the national norm. While utilities and miscellaneous expenses are close to average, healthcare stands slightly higher at 5%.
This balance makes Hugo an attractive option for job seekers looking for affordable living without compromising on essential services. Utilities remain unchanged at the national average, offering a predictable expense, while the slight increase in healthcare may require careful consideration for those prioritizing medical costs.
Hugo, Minnesota, presents a favorable cost of living compared to the nationwide average. This comparison highlights several key areas where residents can enjoy savings. For example, the housing index stands at 90, which means it costs 10% less to live in Hugo than the national average. This makes it an attractive option for those looking to save on housing expenses. Additionally, groceries cost slightly below average, with an index of 98, indicating just a 2% increase over the nationwide standard.
Hugo’s cost of living in other categories also holds competitive advantages. Utilities costs are precisely at par with the national average at 100, suggesting no additional financial burden in this area. Transportation costs in Hugo are 5% lower, with an index of 95. This reduction can provide significant savings over time. While healthcare costs are slightly above the national average at 105, indicating a 5% increase, the overall lower costs in housing and utilities may offset this slight rise. Miscellaneous costs also mirror the national average closely, with an index of 97, meaning they are just 3% lower. This comprehensive view shows that Hugo offers an affordable living environment with some areas below the national average.
