Fairhaven, MN vs Hancock, MN

The cost of living difference between Fairhaven, MN and Hancock, MN is dramatic. Hancock is 45.1% cheaper than Fairhaven, a gap that translates to thousands of dollars per year in household expenses. Fairhaven has a cost index of 91 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.

When it comes to buying, median home values in Fairhaven are $237,100 compared to $79,600 in Hancock, a 198% gap.

Median household income in Fairhaven is $92,143 compared to $69,712 in Hancock (+32.2%). The higher salaries in Fairhaven partially offset the cost difference, but don't fully close the gap.