Can An Electrician Afford Rent in New Hope, MN?
Comfortably affordable — rent takes 23.8% of gross income.
New Hope rent: June 2026. Salary: BLS OEWS May 2024 (Minnesota state estimate).
About rent and an electrician salary
Electrician pay is competitive with many four-year-degree occupations and covers comfortable rent across most US metros. Union journeymen in high-cost cities often earn well above the BLS mean once overtime and benefits are counted, which expands affordability further. At the national-average electrician salary, the 30% rule supports about $1,748 a month in rent. The per-city pages show where rent stays in range and where it begins to pinch.
Cheaper rent nearby
These Minnesota cities have lower median rent than New Hope, which improves the affordability math on an electrician salary:
Compare with full rent data for New Hope
View full rent data for New Hope, MN →Frequently asked questions
Can an electrician afford rent in New Hope, MN?
Median rent in New Hope is $1,442 a month. A typical electrician in Minnesota earns about $72,696 a year, which makes that rent 23.8% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can an electrician afford in New Hope?
Using the 30% rule, an electrician salary in Minnesota (~$72,696/yr) supports up to $1,817 a month in rent. New Hope's current median rent is $1,442/mo, which leaves a $375/mo buffer.
How many hours does an electrician work to cover rent in New Hope?
At an hourly equivalent of about $35 an hour, an electrician in Minnesota works roughly 41.3 hours a month to cover New Hope's median rent of $1,442.
Where is rent cheaper than New Hope for an electrician?
Nearby Minnesota cities with lower median rent include New Brighton ($1,441/mo), Fridley ($1,441/mo), Saint Paul ($1,439/mo). Each shifts the affordability math materially on an electrician salary.