Cost of Living in Hector, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.2
100 = national avg
-6.8 vs national average
Living Wage (1 Adult)
$40,995
per year
Living Wage (Family of 4)
$96,897
per year
Cost Index by Category
Housing97.7
Food95.7
Transportation77.1
Healthcare96.5
Utilities97.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$781
per month
2 Bedroom
$973
per month
The overall cost of living index in Hector is 93.2, which is 6.8% below the national average. Housing costs are below the national average at an index of 97.7. A single adult needs to earn approximately $40,995 per year to cover basic expenses.