Cost of Living in Hastings, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
133.4
100 = national avg
+33.4 vs national average
Living Wage (1 Adult)
$58,705
per year
Living Wage (Family of 4)
$138,757
per year
Cost Index by Category
Housing139.7
Food121.0
Transportation142.1
Healthcare116.8
Utilities120.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Hastings is 133.4, which is 33.4% above the national average. Housing costs are above the national average at an index of 139.7. A single adult needs to earn approximately $58,705 per year to cover basic expenses.