Hopkins, MN vs Richfield, MN

Hopkins, MN and Richfield, MN have a very similar cost of living, with only a 2.7% difference in their overall index. Hopkins scores 106 while Richfield scores 103 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Hopkins is $1,346/month compared to $1,334/month in Richfield — a 1% difference. Home values follow the same pattern: Richfield is more affordable at $320,400 median vs $350,100.

Median household income in Hopkins is $71,170 compared to $84,055 in Richfield (-15.3%). Richfield offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hopkins spend roughly 22.7% of their income on rent, more than the 19% in Richfield.

Climate-wise, both cities share similar average temperatures (46.7°F vs 46.9°F). Richfield receives more rainfall at 31.6" per year compared to 30.6" in Hopkins.