New Hope, MN
21,181Residents
$77,662Median household income
$1,335/moMedian gross rent
$337,000Median home value
40.5Median age
36%Adults with a bachelor’s degree or higher
53%Homes lived in by their owners
4.3×Home value to household income
Median rent takes about 21% of the median household income in New Hope.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $53,000 a year. In Minnesota that leaves roughly $3,430 a month after tax. See the full paycheck breakdown for $55,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.