According to the most recent data on the cost of living, New Hope has an overall cost of living index of 106 which is 1.1x higher than the national index of 100.
Compared to only Minnesota, New Hope has a cost of living index that's 1.0x higher than Minnesota's index of 104.
The standard of living in New Hope ranks as #3,773 most affordable out of the 6,418 places we measured in Minnesota. By definition, that implies New Hope ranks as the #2,646 most expensive place in the North Star State.
|Living Expense||New Hope||Minnesota||National Average|
Housing swings affordability the most between places in Minnesota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|City||Population||Cost Of Living||Vs. New Hope|
|Brooklyn Park, MN||80,173||105||1.0x|
|Maple Grove, MN||71,569||117||1.1x|
|Eden Prairie, MN||64,481||121||1.1x|
|St. Louis Park, MN||48,874||113||1.1x|
|Brooklyn Center, MN||30,755||100||0.9x|