Hopkins, MN vs Shakopee, MN

Hopkins, MN and Shakopee, MN have a very similar cost of living, with only a 4.9% difference in their overall index. Hopkins scores 106 while Shakopee scores 111 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 $1,495/month in Shakopee — a 10% difference. Home values follow the same pattern: Hopkins is more affordable at $350,100 median vs $361,400.

Median household income in Hopkins is $71,170 compared to $110,989 in Shakopee (-35.9%). While Shakopee is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hopkins spend roughly 22.7% of their income on rent, more than the 16.2% in Shakopee.

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