salaryRent is lower than in 71% of U.S. cities. A typical house costs about 3.2 years of household income. Most homes (76.4%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $50,960 a year. That is $25 an hour at a full-time job.
Is rent cheaper than other Minnesota cities?
Yes. Rent here is cheaper than in most of Minnesota. It is number 39 of 150 cities from cheapest to most expensive.
How much do households earn in Hastings?
Share of households by yearly income. 33.0% of households earn $100,000 or more.
Rent by apartment size in Hastings
| Size | Hastings | U.S. average |
|---|---|---|
| Studio | $1,072 | $1,338 |
| 1 bedroom | $1,088 | $1,324 |
| 2 bedrooms | $1,315 | $1,509 |
| 3 bedrooms | $1,652 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hastings overall?
Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hastings, so the Minnesota figure is shown.
Taxes and bills in Hastings
Life in Hastings
Is it cheaper to rent or buy in Hastings?
Renting is cheaper right now: about $963 a month less.
Owning assumes a typical $322,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $32,240 for the down payment.
Frequently asked questions
What is the average rent in Hastings, MN?
Renting in Hastings costs a median of about $1,274 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Hastings?
To keep rent under 30% of income, you need about $50,960 a year, or $25 an hour at a full-time job.
Is Hastings cheap or expensive?
Hastings is rated Cheap: rent takes 15.1% of the typical household income of $101,377. It ranks 39th cheapest of 150 Minnesota cities we track.
How much are property taxes in Hastings?
The median homeowner in Hastings pays $3,160 a year in property taxes, about 0.98% of the median home value.
Is Hastings more expensive than the national average?
Overall prices in Minnesota are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Hastings?
The median home value in Hastings is $322,400, about 3.2 times the typical yearly household income.
22,117 people live in Hastings. Numbers are typical (middle) values.