Cost of Living in Hinckley, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.0
100 = national avg
-16.0 vs national average
Living Wage (1 Adult)
$36,960
per year
Living Wage (Family of 4)
$87,361
per year
Cost Index by Category
Housing99.9
Food82.1
Transportation64.2
Healthcare85.7
Utilities89.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$839
per month
2 Bedroom
$1,101
per month
The overall cost of living index in Hinckley is 84.0, which is 16.0% below the national average. Housing costs are below the national average at an index of 99.9. A single adult needs to earn approximately $36,960 per year to cover basic expenses.