All Countries
New Hope, MN
Full City Profile · Minnesota · Hennepin County County
3.3
/5.0
B
Good
21,402
Population
4,230/sq mi density
$73,698
Median Income
$40,450 per capita
$314,600
Home Value
$343,690 Zillow
$1,306
Median Rent
32.6% income on rent
46°F
Avg Temperature
270 sunny days/yr
95
Violent Crime/100K
2,747 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$73,698 median income, 3.7% unemployment
A
Affordability
4.3 / 5.0
$314,600 home value, $1,306/mo rent
F
Safety
1.0 / 5.0
95 violent crimes/100K
B+
Education
3.9 / 5.0
36.7% bachelor's degree or higher
Income Overview
Median Household Income
$73,698
2% below
US avg: $75,149
Per Capita Income
$40,450
4% above
US avg: $39,052
Unemployment Rate
3.7%
3% above
US avg: 3.6%
Poverty Rate
8.9%
28% below
US avg: 12.4%
Income Comparison: New Hope vs. U.S. Average
Each bar shows New Hope’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$73,698
98%
Per Capita
US: $39,052
$40,450
104%
IRS Avg AGI
US: $72,000
$115,538
160%
Avg Weekly Wage
US: $1,432
$1,734
121%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,734
21% above US avg ($1,432)
Mean Commute Time
21 min
24% below US avg (28 min)
Work From Home
14.3%
6% below US avg (15.2%)
Drive Alone
73.4%
0% below US avg (73.2%)
Public Transit
1.0%
79% below US avg (5.0%)
County GDP
$193,617M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
73.4%
Public Transit
1%
Work From Home
14.3%
Other
11.3%
Average commute time
21 minutes
US avg: 28 min
Business Landscape
Total Establishments
44,785
Restaurants
3,018
Healthcare
5,330
Retail
3,721
Manufacturing
1,443
Tax & Financial
IRS Avg Adjusted Gross Income
$115,538
60% above US avg ($72,000)
Avg Property Tax
$7,736
121% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $73,698 |
| Per Capita Income | $40,450 |
| IRS Avg Adjusted Gross Income | $115,538 |
| Avg Weekly Wage | $1,734 |
| County GDP | $193,617M |
Hardship Indicators
| Unemployment Rate | 3.7% |
| Poverty Rate | 8.9% |
| Gini Coefficient | 0.479 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 21 minutes |
| Drive Alone | 73.4% |
| Public Transit | 1.0% |
| Work From Home | 14.3% |
Businesses
| Total Establishments | 44,785 |
| Restaurants | 3,018 |
| Healthcare | 5,330 |
| Retail | 3,721 |
| Manufacturing | 1,443 |
Tax
| IRS Avg AGI | $115,538 |
| Avg Property Tax | $7,736 |