salaryRent is higher than in 85% of U.S. cities. A typical house costs about 3.3 years of household income. Most homes (89.5%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $98,680 a year. That is $47 an hour at a full-time job.
Is rent cheaper than other Minnesota cities?
No. Rent here is more expensive than in most of Minnesota. It is number 143 of 150 cities from cheapest to most expensive.
How much do households earn in Hugo?
Share of households by yearly income. 46.6% of households earn $100,000 or more.
Rent by apartment size in Hugo
| Size | Hugo | U.S. average |
|---|---|---|
| 1 bedroom | $3,500+ | $1,324 |
| 2 bedrooms | $1,931 | $1,509 |
| 3 bedrooms | $2,341 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hugo 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 Hugo, so the Minnesota figure is shown.
Taxes and bills in Hugo
Life in Hugo
Is it cheaper to rent or buy in Hugo?
Renting is cheaper right now: about $370 a month less.
Owning assumes a typical $408,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $40,890 for the down payment.
Frequently asked questions
What is the average rent in Hugo, MN?
Renting in Hugo costs a median of about $2,467 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Hugo?
To keep rent under 30% of income, you need about $98,680 a year, or $47 an hour at a full-time job.
Is Hugo cheap or expensive?
Hugo is rated OK: rent takes 23.6% of the typical household income of $125,352. It ranks 143rd cheapest of 150 Minnesota cities we track.
How much are property taxes in Hugo?
The median homeowner in Hugo pays $4,079 a year in property taxes, about 1.00% of the median home value.
Is Hugo 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 Hugo?
The median home value in Hugo is $408,900, about 3.3 times the typical yearly household income.
16,340 people live in Hugo. Numbers are typical (middle) values.