Excelsior, MN vs Hancock, MN

The cost of living difference between Excelsior, MN and Hancock, MN is dramatic. Hancock is 123.1% cheaper than Excelsior, a gap that translates to thousands of dollars per year in household expenses. Excelsior has a cost index of 139 while Hancock sits at 63, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Excelsior is $1,125/month compared to $738/month in Hancock — a 52% difference. Home values follow the same pattern: Hancock is more affordable at $79,600 median vs $839,500.

Median household income in Excelsior is $108,611 compared to $69,712 in Hancock (+55.8%). Excelsior does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Excelsior spend roughly 12.4% of their income on rent, less than the 12.7% in Hancock.