Living in New Hope, Minnesota
Cost of living, income, home prices, rent and demographics of New Hope · Census data 2020–2024
New Hope has 21,181 residents with a median age of 40.5. The median household income is $77,662 (13% lower than the Minnesota median), the median home value is $337,000, the median rent is $1,335/month.
New Hope at a glance
- Population
- 21,181
- Median age
- 40.5State: 38.8
- Median household income
- $77,662State: $89,062
- Median home value
- $337,000State: $329,300
- Median rent
- $1,335/moState: $1,280
- Homeowners
- 52.6%
- Bachelor's degree or higher
- 36.1%
- Average commute
- 19 min
Is New Hope a good place to live?
Pros: An average commute of 19 minutes.
Cons: Median household income 13% lower than the Minnesota median; home values about the same as the state median; unemployment of 5%; a poverty rate of 10.7%.
The weather is best in June to September.
Cost of living in New Hope
Housing is the biggest part of the cost of living. In New Hope the median home value is $337,000, about the same as the U.S. median. Renters pay a median of $1,335 per month, which is 32.4% of household income. Homeowners with a mortgage pay $1,973 a month in housing costs.
New Hope median household income
The median household income in New Hope is $77,662 and the income per person is $40,928. 10.7% of residents live below the poverty line (Minnesota: 9.3%).
Housing in New Hope: homes for sale and rent
- Housing units
- 9,229
- Owner-occupied
- 52.6%
- Renter-occupied
- 47.4%
- Vacant
- 3.8%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.28
New Hope demographics
- Population
- 21,181
- Median age
- 40.5
- Under 18
- 22.8%
- 65 and older
- 17.9%
- Households
- 8,875
- Foreign-born
- 18.8%
- Veterans
- 4.7%Adults 18+
Hispanic or Latino can be of any race. Population history of New Hope ›
Education in New Hope
36.1% of adults 25 and older in New Hope have a bachelor's degree or higher (Minnesota: 39.4%), and 10.8% have a graduate or professional degree.
Jobs and commute in New Hope
- Unemployment rate
- 5%State: 4.1%
- Average commute
- 19 minState: 23 min
- Work from home
- 16.3%
- Drive alone
- 70.3%
- Public transit
- 0.6%
- Walk to work
- 1.5%
- Homes with broadband
- 89.8%
New Hope vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Hope | 21,181 | $77,662 | $337,000 | $1,335 |
| Crystal | 22,476 | $92,513 | $296,100 | $1,467 |
| Robbinsdale | 14,234 | $88,252 | $295,600 | $1,758 |
| Medicine Lake | 596 | $183,750 | $1,083,300 | $1,150 |
| Golden Valley | 21,725 | $108,772 | $431,400 | $1,785 |
| Plymouth | 79,220 | $136,534 | $491,200 | $1,766 |
| Brooklyn Center | 32,479 | $72,535 | $274,300 | $1,376 |
| Brooklyn Park | 83,876 | $89,891 | $336,200 | $1,325 |
| Osseo | 2,584 | $62,119 | $306,500 | $1,333 |
More for people moving to New Hope
New Hope ZIP code ›Weather and climate ›Living in New Hope: FAQ
What is the median household income in New Hope, MN?
The median household income in New Hope is $77,662, 13% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in New Hope?
The median home value in New Hope is $337,000, compared with $329,300 in Minnesota.
How much is rent in New Hope?
The median gross rent in New Hope is $1,335 per month, about 32.4% of household income.
Is New Hope, MN a good place to live?
Pluses: an average commute of 19 minutes. Minuses: median household income 13% lower than the Minnesota median; home values about the same as the state median; unemployment of 5%; a poverty rate of 10.7%.
What is the median age in New Hope?
The median age in New Hope is 40.5 years (Minnesota: 38.8).
How long is the commute in New Hope?
The average commute to work in New Hope is 19 minutes; 16.3% of workers work from home.
What is the unemployment rate in New Hope?
The unemployment rate in New Hope is 5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Hope?
36.1% of adults in New Hope have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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