Cost of living in New Hope

Composed in-house · four inputs · 14% of the overall score

B−

68/100
28th of 60

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The four inputs

Housing cost index92

Minneapolis 10045% · scores 83

Effective property tax rate1.29%

Minneapolis 1.04%25% · scores 56

Utilities96

Minneapolis 10020% · scores 64

Local sales tax8.14%

Minneapolis median 8.14%10% · scores 37

Vertical rule marks the Minneapolis reference. Composed in-house · ACS 2020–24. Every scale is on the methodology page.

Best Minneapolis suburbs for cost of living

All 60 ranked, New Hope highlighted

1St. CloudA−$225,000 2HastingsB+$322,400 3AnokaB$308,700 4South St. PaulB$281,600 5Columbia HeightsB$277,600 6Forest LakeB$393,500 7New BrightonB$364,700 8West St. PaulB$301,300 9OakdaleB−$318,100 10Inver Grove HeightsB−$363,400 11Coon RapidsB−$305,800 12CrystalB−$296,100 13EaganB−$397,100 14BurnsvilleB−$355,200 15RosevilleB−$352,100 16MankatoB−$261,700 17Elk RiverB−$370,100 18FridleyB−$302,900 19Ham LakeB−$442,500 20MaplewoodB−$323,200 21RamseyB−$359,600 22White Bear LakeB−$331,800 23St. PaulB−$294,500 24FarmingtonB−$366,200 25Brooklyn CenterB−$274,300 26OtsegoB−$396,700 27New HopeB−$337,000 28RosemountB−$424,100 29SavageC+$432,300 30MinnetonkaC+$475,800 31StillwaterC+$414,200 32River FallsC+$327,600 33Brooklyn ParkC+$336,200 34BuffaloC+$314,400 35MinneapolisC+$362,200 36RichfieldC+$344,000 37St. MichaelC+$390,100 38HopkinsC+$375,600 39HugoC+$408,900 40ShoreviewC+$383,700 41St. Louis ParkC+$386,800 42ChamplinC+$358,700 43BloomingtonC+$361,700 44LakevilleC+$452,500 45NorthfieldC+$329,400 46PlymouthC+$491,200 47Maple GroveC+$418,300 48BlaineC+$352,400 49Lino LakesC+$407,200 50Apple ValleyC$370,400 51ShakopeeC$374,800 52AndoverC$410,200 53Eden PrairieC$473,900 54Prior LakeC$450,700 55WoodburyC$450,200 56EdinaC$646,300 57ChaskaC−$404,700 58Cottage GroveC−$378,800 59Golden ValleyC−$431,400 60ChanhassenD+$566,300

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Better than New Hope on cost of living

New Hope grades B− on cost of living. Six suburbs are within 25 miles and score higher on the same four inputs.

SuburbCost of livingMedian home valueEff. tax rateOverall

Anoka12 mi from New HopeB$309k0.90% 59 C South St. Paul20 mi from New HopeB$282k1.16% 56 C− Columbia Heights7 mi from New HopeB$278k1.07% 56 C− New Brighton9 mi from New HopeB$365k1.08% 67 C+ West St. Paul17 mi from New HopeB$301k1.02% 62 C Oakdale21 mi from New HopeB−$318k0.93% 57 C−

Cost-of-living index composed in-house from housing cost, utilities, effective property tax and local sales tax · Median home value: ACS 2020–24 · Effective property tax: ACS 2020–24

Six Minneapolis lists

Best Minneapolis suburbs for families Most affordable Minneapolis suburbs Best Minneapolis suburbs for schools Shortest commutes to Downtown Minneapolis Most walkable Minneapolis suburbs Best Minneapolis suburbs for young professionals

Compare New Hope

Plymouth vs New Hope Every Minneapolis suburb, side by side

How this works

How we score Minneapolis suburbs — every weight and source Twelve guides to moving to Minneapolis