Cost of Living Calculator - New Hope, Minnesota vs Lakeville, Minnesota


The cost of living in Lakeville, Minnesota is 10.6% more expensive than New Hope, Minnesota.

You would need a salary of $82,918 in Lakeville, Minnesota to maintain the standard of living you have in New Hope, Minnesota.
Comparison highlights
• Overall, Lakeville, Minnesota is more expensive than New Hope, Minnesota
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
45% more expensive in Lakeville
than in New Hope, Minnesota
New Hope, MN vs Lakeville, MN
Compared to New Hope, Lakeville is:
  Homeowner
      No Child Care, Taxes not Considered
  10.6% higher
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Renter
      No Child Care, Taxes not Considered
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Food
  3.1% higher
  Housing (Homeowner)
  38.6% higher
  Housing (Rent)
  Median Home Cost
  Utilities
  2.2% lower
  Commute
  3.5% higher
  Health
  1.5% lower
  Taxes
  Childcare
  Personal
  0.7% lower

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