Hoffman, MN
730Residents
$51,500Median household income
$866/moMedian gross rent
$161,800Median home value
33.4Median age
12%Adults with a bachelor’s degree or higher
60%Homes lived in by their owners
3.1×Home value to household income
Median rent takes about 20% of the median household income in Hoffman.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $35,000 a year. In Minnesota that leaves roughly $2,327 a month after tax. See the full paycheck breakdown for $35,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.