Hancock, MN vs Staples, MN

Hancock is moderately more affordable than Staples, with a 9.8% lower cost of living index. Hancock scores 63 compared to 69 for Staples, where the US average is 100. This difference means residents of Staples 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 $856/month in Staples — a 14% difference. Home values follow the same pattern: Hancock is more affordable at $79,600 median vs $119,300.

Median household income in Hancock is $69,712 compared to $51,506 in Staples (+35.3%). 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 19.9% in Staples.

Climate-wise, both cities share similar average temperatures (42.5°F vs 42.2°F). Staples receives more rainfall at 24.5" per year compared to 24.1" in Hancock.