Hancock, MN vs Olivia, MN

Hancock is moderately more affordable than Olivia, with a 9.2% lower cost of living index. Hancock scores 63 compared to 69 for Olivia, where the US average is 100. This difference means residents of Olivia can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hancock is $738/month compared to $740/month in Olivia — a 0% difference. Home values follow the same pattern: Hancock is more affordable at $79,600 median vs $156,600.

Median household income in Hancock is $69,712 compared to $62,683 in Olivia (+11.2%). Hancock offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hancock spend roughly 12.7% of their income on rent, less than the 14.2% in Olivia.

Climate-wise, both cities share similar average temperatures (42.5°F vs 45.4°F). Olivia receives more rainfall at 28" per year compared to 24.1" in Hancock.