Cost of Living in Hutchinson, MN

With a cost of living index of 79, Hutchinson, MN is a very affordable place to live. Living here is 21% cheaper than the national average and 3% below the Minnesota state average of 82. Hutchinson is a smaller community of 14,629 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Hutchinson's cost of living. The median monthly rent is $933 (29% below the US median of $1,319), and the median home value sits at $210,300 (31% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Hutchinson is $71,730, which is 5% lower than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Hutchinson. The area sees an average annual temperature of 45.4°F, with summers averaging 71°F and winters around 18°F. Annual rainfall totals 28 inches spread over roughly 96 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.