Can A Retail Salesperson Afford Rent in New Hope, MN?
Rent-burdened — rent takes 44.9% of gross income.
New Hope rent: June 2026. Salary: BLS OEWS May 2024 (Minnesota state estimate).
About rent and a retail salesperson salary
Retail pay sits below the rent threshold needed for solo apartment living in most US metros, which is the central tension behind the widely studied retail-housing affordability gap. At the national-average retail salary, the 30% rule supports about $927 a month in rent — below the median one-bedroom rent in nearly every metro tracked here. The per-city pages show which markets are least out of reach.
Cheaper rent nearby
These Minnesota cities have lower median rent than New Hope, which improves the affordability math on a retail salesperson salary:
Compare with full rent data for New Hope
View full rent data for New Hope, MN →Frequently asked questions
Can a retail salesperson afford rent in New Hope, MN?
Median rent in New Hope is $1,442 a month. A typical retail salesperson in Minnesota earns about $38,553 a year, which makes that rent 44.9% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.
How much rent can a retail salesperson afford in New Hope?
Using the 30% rule, a retail salesperson salary in Minnesota (~$38,553/yr) supports up to $964 a month in rent. New Hope's current median rent is $1,442/mo, which is $478/mo over the affordability threshold.
How many hours does a retail salesperson work to cover rent in New Hope?
At an hourly equivalent of about $19 an hour, a retail salesperson in Minnesota works roughly 77.8 hours a month to cover New Hope's median rent of $1,442.
Where is rent cheaper than New Hope for a retail salesperson?
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 retail salesperson salary.