Cost of Living in Hendricks, MN
Housing
The housing market plays a significant role in determining the cost of living in Hendricks, MN.
- Housing Index: Data is updating
- Median Home Price is: $198000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
When considering relocating to Hendricks, MN, the current housing data reveals a median home price of 198000. However, it’s noteworthy that both the housing index and average rents for 2-bedroom apartments and houses are recorded at zero, suggesting possible issues in the local real estate market or data collection challenges. If affordable homeownership options are important to you, this area may present unique opportunities, but be cautious about the lack of rental data, which could indicate a limited housing supply. Research local market trends further for a well-rounded decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hendricks, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Hendricks, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Hendricks is a financially viable option for your relocation.