Hopkins, MN vs Spring Lake Park, MN

Hopkins, MN and Spring Lake Park, MN have a very similar cost of living, with only a 4.7% difference in their overall index. Hopkins scores 106 while Spring Lake Park scores 101 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 $1,375/month in Spring Lake Park — a 2% difference. Interestingly, home values tell a different story: while Hopkins has cheaper rent, Spring Lake Park actually has lower median home values ($281,800 vs $350,100).

Median household income in Hopkins is $71,170 compared to $77,112 in Spring Lake Park (-7.7%). Spring Lake Park 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 21.4% in Spring Lake Park.

Climate-wise, both cities share similar average temperatures (46.7°F vs 45.8°F). Spring Lake Park receives more rainfall at 30.7" per year compared to 30.6" in Hopkins.