Moorhead, MN vs New Hope, MN

There is a significant gap in the cost of living between these two cities. Moorhead is 19.3% cheaper than New Hope. With a cost index of 82 vs 102, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Moorhead to New Hope should plan for substantially higher expenses across most categories.

On the housing front, median rent in Moorhead is $1,017/month compared to $1,306/month in New Hope — a 22% difference. Home values follow the same pattern: Moorhead is more affordable at $246,300 median vs $314,600.

Median household income in Moorhead is $69,371 compared to $73,698 in New Hope (-5.9%). New Hope does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Moorhead spend roughly 17.6% of their income on rent, less than the 21.3% in New Hope.

Climate-wise, New Hope is notably warmer with an average of 45.8°F compared to 42.2°F in Moorhead. New Hope receives more rainfall at 30.7" per year compared to 24" in Moorhead.