Apartments for rent in New Hope, MN

New Hope, a town in Minnesota, has a population of just under 21,000. Families with young children can expect to fit right in, as kids under 5 make up an above-average percentage of the community, while young adults figure less prominently in the demographics. Home ownership is more common than renting in the area, and 45% of residents rent. At $953/month, the average rent is roughly equal to the state average.

New Hope has an average commute time of about 25 minutes. Driving is the most common mode of getting to work, chosen by 44% of residents, while public transit is not used widely. Walking isn't a common means of commuting to work.

There are four primary industries in New Hope: healthcare, retail, entertainment, and manufacturing. Combined, these industries account for 25% of the city's labor force. Meanwhile, in terms of job function, many residents work in sales, making it the top career path in the city. With an average annual income of almost $71,000, New Hope workers earn less than their peers elsewhere in the state. The city's average income, however, is fairly average compared to the national level of $73,345. New Hope has a relatively high concentration of college graduates compared to the national average (13%), as 17% of the city's residents over the age of 25 possess a BA, BS, or BFA. Additionally, 23% have earned a Bachelor's, Master's, Professional, or Doctoral degree.