Can A Pharmacist Afford Rent in New Hope, MN?
Comfortably affordable — rent takes 12.5% of gross income.
New Hope rent: June 2026. Salary: BLS OEWS May 2024 (Minnesota state estimate).
About rent and a pharmacist salary
Pharmacist pay covers comfortable rent in nearly every US city. At the national-average pharmacist salary, the 30% rule supports about $3,319 a month in rent — above median rent in all but a handful of high-cost coastal metros.
Cheaper rent nearby
These Minnesota cities have lower median rent than New Hope, which improves the affordability math on a pharmacist salary:
Compare with full rent data for New Hope
View full rent data for New Hope, MN →Frequently asked questions
Can a pharmacist afford rent in New Hope, MN?
Median rent in New Hope is $1,442 a month. A typical pharmacist in Minnesota earns about $138,060 a year, which makes that rent 12.5% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a pharmacist afford in New Hope?
Using the 30% rule, a pharmacist salary in Minnesota (~$138,060/yr) supports up to $3,452 a month in rent. New Hope's current median rent is $1,442/mo, which leaves a $2,010/mo buffer.
How many hours does a pharmacist work to cover rent in New Hope?
At an hourly equivalent of about $66 an hour, a pharmacist in Minnesota works roughly 21.7 hours a month to cover New Hope's median rent of $1,442.
Where is rent cheaper than New Hope for a pharmacist?
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 pharmacist salary.