Hastings, MN

Living costs in Hastings land close to the national average, with a Cost Index of 102 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $329,958, and typical monthly rents run around $1,184. Groceries and utilities are in line with what you would find in most US cities.

Start with housing. Typical monthly rent is $1,184, while local median household income is $92,940. That implies a rent-burden proxy of about 15% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Minnesota has a progressive state income tax with a top rate of 9.85%. The effective property tax rate is 1.11%. On a home worth $329,958, that translates to roughly $3,663 per year in property taxes. Sales tax (state + local) averages around 7.54% on everyday purchases.

The typical monthly rent in Hastings is around $1,184. That's roughly 12% lower than the $1,348 national median. For comparison, the median home value here is $329,958, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Hastings is valued at $329,958. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $1,668/month for principal and interest alone — before property taxes and insurance. About 74% of residents here own their homes.

Grocery prices in Hastings are about average compared to the rest of the US (index: 103, where 100 is the national average). Utility bills (electricity, gas, water) are about typical (index: 93). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Hastings is a small town with a population of about 22,050. The median age of residents is 40.8, which is close to the national median. The local poverty rate is 5.63%, well below the national average of 12.4%.