Hastings, MN vs Minnetonka, MN

There is a significant gap in the cost of living between these two cities. Hastings is 24.1% cheaper than Minnetonka. With a cost index of 97 vs 127, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hastings to Minnetonka should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hastings is $1,184/month compared to $1,758/month in Minnetonka — a 33% difference. Home values follow the same pattern: Hastings is more affordable at $294,100 median vs $456,200.

Median household income in Hastings is $92,940 compared to $120,496 in Minnetonka (-22.9%). The higher salaries in Minnetonka partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Hastings spend roughly 15.3% of their income on rent, less than the 17.5% in Minnetonka.

Climate-wise, both cities share similar average temperatures (46.5°F vs 46.7°F). Minnetonka receives more rainfall at 30.6" per year compared to 29.2" in Hastings.