salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 16.5 minutes.
How much money do I need?
To rent here comfortably, you should earn about $37,880 a year. That is $18 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 16 of 150 cities from cheapest to most expensive.
How much do households earn in Hibbing?
Share of households by yearly income. 17.3% of households earn $100,000 or more.
Rent by apartment size in Hibbing
| Size | Hibbing | U.S. average |
|---|---|---|
| Studio | $595 | $1,338 |
| 1 bedroom | $785 | $1,324 |
| 2 bedrooms | $1,003 | $1,509 |
| 3 bedrooms | $1,318 | $1,698 |
| 4 bedrooms | $2,060 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hibbing 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 Hibbing, so the Minnesota figure is shown.
Taxes and bills in Hibbing
Life in Hibbing
Is it cheaper to rent or buy in Hibbing?
About the same. Renting and owning cost within $44 of each other each month.
Owning assumes a typical $130,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $13,020 for the down payment.
Frequently asked questions
What is the average rent in Hibbing, MN?
Renting in Hibbing costs a median of about $947 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Hibbing?
To keep rent under 30% of income, you need about $37,880 a year, or $18 an hour at a full-time job.
Is Hibbing cheap or expensive?
Hibbing is rated Cheap: rent takes 18.9% of the typical household income of $60,168. It ranks 16th cheapest of 150 Minnesota cities we track.
How much are property taxes in Hibbing?
The median homeowner in Hibbing pays $1,219 a year in property taxes, about 0.94% of the median home value.
Is Hibbing 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 Hibbing?
The median home value in Hibbing is $130,200, about 2.2 times the typical yearly household income.
16,057 people live in Hibbing. Numbers are typical (middle) values.