Cost of living in New Hope, MN

New Hope is a Census city in Hennepin County, MN. ACS 2024 5-year population is 21,181. Median gross rent is $1,335 (ACS 2024 5-year, this place). Median home value is $337,000. Median household income is $77,662. Insurance is the NAIC state average; food is a USDA plan — no town indexes.