College Costs in New Hope, MN 2026
Compare tuition, housing, and financial aid across 2 colleges in New Hope, Minnesota. Use our free calculator to estimate your total cost.
Avg Public Tuition
$14,200
per year
Avg Private Tuition
$38,000
per year
Avg Rent Near Campus
$942
per month
Colleges & Universities
2
institutions
New Hope Overview
Population
21,583
Student Population
2,439 (11.3%)
Cost of Living Index
95.4 (avg: 100)
Walk Score
50/100
Transit Score
20/100
Unemployment Rate
2.3%
College Cost Calculator for New Hope
Cost Inputs
Total Cost (4 Years, Public In-State)
$111,272
Total After Financial Aid
$111,272
Annual Cost
$27,818
Annual After Aid
$27,818
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $111,272 |
| Monthly Payment | $1,263 |
| Total Interest | $40,345 |
| Total Loan Cost | $151,617 |
Universities in New Hope
| University | Type | Annual Tuition |
|---|---|---|
| New Hope State University | Public | $14,520 |
| New Hope Community College | Community | $4,994 |
New Hope has 2 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in New Hope vs. National Average
| Category | New Hope | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $14,200 | $10,940 | +$3,260 |
| Monthly Rent Near Campus | $942 | $1,050 | -$108 |
| Cost of Living Index | 95.4 | 100 | -4.599999999999994 |
New Hope's cost of living is near the national average. Students can expect typical expenses comparable to most other U.S. cities.
Student Life in New Hope
Walk Score
Somewhat Walkable
Transit Score
Minimal Transit
Student Population
2,439 students
New Hope has a total population of 21,583, with approximately 2,439 college students (11.3% of the population). New Hope has a significant student presence that contributes to a diverse cultural scene with restaurants, entertainment, and networking opportunities.
Post-Graduation Outlook in New Hope
$37,619
Starting Salary
2.3%
Unemployment Rate
73%
Graduation Rate
~42 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in New Hope earn a median starting salary of $37,619, which is $2,619 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $111,272 (including room and board), it would take approximately 42 years of the salary premium to recoup the investment. With average financial aid of $9,702 per student per year, the net cost and payback period can be significantly reduced.
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