Eden Prairie, MN vs New Hope, MN

There is a significant gap in the cost of living between these two cities. New Hope is 25.5% cheaper than Eden Prairie. With a cost index of 102 vs 128, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Hope to Eden Prairie should plan for substantially higher expenses across most categories.

On the housing front, median rent in Eden Prairie is $1,761/month compared to $1,306/month in New Hope — a 35% difference. Home values follow the same pattern: New Hope is more affordable at $314,600 median vs $463,300.

Median household income in Eden Prairie is $127,732 compared to $73,698 in New Hope (+73.3%). While Eden Prairie is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Eden Prairie spend roughly 16.5% of their income on rent, less than the 21.3% in New Hope.