Cost of Living in Hopkins, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
128.7
100 = national avg
+28.7 vs national average
Living Wage (1 Adult)
$56,636
per year
Living Wage (Family of 4)
$133,867
per year
Cost Index by Category
Housing167.0
Food104.4
Transportation108.8
Healthcare103.5
Utilities116.0
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 Hopkins is 128.7, which is 28.7% above the national average. Housing costs are above the national average at an index of 167.0. A single adult needs to earn approximately $56,636 per year to cover basic expenses.