Housing costs in New Hope?
A typical home costs
$302,500, which is 10.5% less expensive than the national average of
$338,100 and 2.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in New Hope costs
$1,350 per month, which is 5.6% cheaper than the national average of
$1,430 and 8.1% more than the state average of
$1,240.
Can I afford New Hope?
To live comfortably in New Hope, Minnesota, a minimum annual income of
$57,960 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about New Hope?
Living in New Hope, MN is quite affordable. The median home price is around $220,000 which is significantly lower than the average for Minneapolis and St. Paul. The cost of living in New Hope is also quite low compared to many other cities in Minnesota, with an overall cost of living index score of 98.6 out of 100 - 1 being the national average. This means that on average, goods and services are 2.4% cheaper than the national average in New Hope. This makes it a great place to call home for those looking for an affordable place to live.