Cost of Living in Hermantown, MN

Population 10,192 · Minnesota · Data vintage 2023

115
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Hermantown sits on the smaller end of the Minnesota city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. The labor market has been unusually tight, with unemployment around 1.8% — below most comparable cities in the state.

Located 135 miles northeast of St. Paul, Hermantown is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 33% higher than St. Paul's $280,000.

Cost Overview

Housing 123
Rent 105

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Hermantown

The median home value in Hermantown is $374,000 — 23% above the national median of $305,000. Median rent runs $1,375/month, 5% higher than the national median of $1,314/month. The median household income of $92,026/year is 23% higher than the US median of $74,580. The local unemployment rate is 1.8%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. The climate averages highs of 50.0°F and lows of 31.1°F, with about 90.2" of annual snowfall. Overall, Hermantown has a cost of living index of 115 versus the US average of 100, meaning it is 15% more expensive.

🏠 Housing

Median Home Value
$374,000
23% above avg
Zillow Home Value
$408,683
Zillow ZHVI
Median Rent
$1,375/mo
5% above avg
Price-to-Rent Ratio
22.7x
Favors renting
Property Tax Rate
1.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$702
1 BR
$784
2 BR
$937
3 BR
$1,307
4 BR
$1,537
Owner-occupied 75.0%
Renter-occupied 25.0%

💰 Estimated Monthly Budget

Rent median rent
$1,375
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,989/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
19.5 min
28% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.3%

Commute Mode

Drove alone
85.9%
Carpooled
3.4%
Walked
1.4%
Work from home
9.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 9.8%
Total Sales Tax 7.4%
State rate 6.9%
Avg local rate 0.6%
Property Tax 1.1%

💼 Income & Employment

Median Household Income
$92,026
23% above avg
Per Capita Income
$51,169
Unemployment Rate
1.8%
63% below avg
Poverty Rate
5.0%
Labor Force Participation
65.4%

🎓 Education

Bachelor's degree+ 24.0%
Graduate degree 15.7%

👥 Demographics

Median Age 37.8
Male median age 36.7
Female median age 38.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
50.0°F
Avg Low
31.1°F
Annual Precip
31.2"
Annual Snowfall
90.2"
20° 40° 60° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 202536496372787667533725
Low °F 2618304150565547362310
Precip" 0.951.011.462.533.374.393.923.733.482.911.961.47
Snow" 16.815.112.89.10.80.00.00.00.12.714.118.7

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
17.9:1
Student-teacher ratio
5
Public schools
2,147
Total enrollment

Frequently Asked Questions

What is the cost of living in Hermantown, MN?

Hermantown has a cost index of 115 (100 = national average). It is 15% above the national average.

What is average rent in Hermantown, MN?

The median gross rent in Hermantown is $1,375 per month based on 2023 Census data.

What is the average home price in Hermantown?

The median home value in Hermantown is $374,000 according to Zillow and Census data.

What is the median income in Hermantown?

The median household income in Hermantown is $92,026 per year (2023 ACS 5-year estimates).

What is the sales tax in Hermantown, MN?

The combined state and local sales tax rate in Hermantown is 7.4%. The Minnesota state income tax top rate is 9.8%.

Is Hermantown, MN affordable?

Hermantown is above average in cost of living, with an index of 115 — about 15% higher than the national average.

What is the weather like in Hermantown?

Hermantown has average high temperatures of 50.0°F and average lows of 31.1°F. Annual precipitation is 31.2". Average annual snowfall is 90.2". Data from NOAA 1991–2020 Climate Normals.

Hermantown at a Glance

Population
10,192
Median Income
$92,026
Home Value
$374,000
Median Rent
$1,375/mo
Unemployment
1.8%
Avg High Temp
50.0°F
Sales Tax
7.4%
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