Can A Physical Therapist Afford Rent in New Hope, MN?
Comfortably affordable — rent takes 16.7% of gross income.
New Hope rent: June 2026. Salary: BLS OEWS May 2024 (Minnesota state estimate).
About rent and a physical therapist salary
Physical therapist pay covers comfortable rent across most US metros. At the national-average PT salary, the 30% rule supports about $2,493 a month in rent, which is above the median in most cities tracked here.
Cheaper rent nearby
These Minnesota cities have lower median rent than New Hope, which improves the affordability math on a physical therapist salary:
Compare with full rent data for New Hope
View full rent data for New Hope, MN →Frequently asked questions
Can a physical therapist afford rent in New Hope, MN?
Median rent in New Hope is $1,442 a month. A typical physical therapist in Minnesota earns about $103,698 a year, which makes that rent 16.7% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a physical therapist afford in New Hope?
Using the 30% rule, a physical therapist salary in Minnesota (~$103,698/yr) supports up to $2,592 a month in rent. New Hope's current median rent is $1,442/mo, which leaves a $1,150/mo buffer.
How many hours does a physical therapist work to cover rent in New Hope?
At an hourly equivalent of about $50 an hour, a physical therapist in Minnesota works roughly 28.9 hours a month to cover New Hope's median rent of $1,442.
Where is rent cheaper than New Hope for a physical therapist?
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 physical therapist salary.