Can A HVAC Technician Afford Rent in New Hope, MN?
Comfortably affordable — rent takes 29% of gross income.
New Hope rent: June 2026. Salary: BLS OEWS May 2024 (Minnesota state estimate).
About rent and a hvac technician salary
HVAC technician pay sits near the US median household income and rises sharply with certification and overtime. At the national-average HVAC salary, the 30% rule supports about $1,433 a month in rent.
Cheaper rent nearby
These Minnesota cities have lower median rent than New Hope, which improves the affordability math on a hvac technician salary:
Compare with full rent data for New Hope
View full rent data for New Hope, MN →Frequently asked questions
Can a hvac technician afford rent in New Hope, MN?
Median rent in New Hope is $1,442 a month. A typical hvac technician in Minnesota earns about $59,592 a year, which makes that rent 29% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a hvac technician afford in New Hope?
Using the 30% rule, a hvac technician salary in Minnesota (~$59,592/yr) supports up to $1,490 a month in rent. New Hope's current median rent is $1,442/mo, which leaves a $48/mo buffer.
How many hours does a hvac technician work to cover rent in New Hope?
At an hourly equivalent of about $29 an hour, a hvac technician in Minnesota works roughly 50.3 hours a month to cover New Hope's median rent of $1,442.
Where is rent cheaper than New Hope for a hvac technician?
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 a hvac technician salary.