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The total population of New Hope is estimated to be 21,620 with 10,319 males (47.73%) and 11,301 females (52.27%). There are 982 more females than males in New Hope.
The median household income in New Hope was $70,183 in 2021, which marked an an increase of 1,331(1.93%) from $68,852 in 2020. This income is 94.07% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, New Hope sees its highest median household income among householders in the age group of 45 to 64 years old, at $89,925. Overall, the median household income for the city of New Hope stands at $70,183.
In New Hope, the median income for all workers aged 15 years and older, regardless of work hours, was $45,621 for males and $32,793 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $60,513 for males and $54,175 for females.
In New Hope, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $99,228, while Two or More Races households represent the opposite end with the lowest median household income of $56,748.
In 2022, the population of New Hope was 21,035, a 1.95% decrease year-by-year from 2021. Previously, in 2021, New Hope's population was 21,454, a decline of 2.06% compared to a population of 21,905 in 2020.
The median age in New Hope, MN is 41.2, as per 2021 ACS 5-Year Estimates. Of the total population, 18.24% were under the age of 15, 17.68% aged 15 to 29, 46.09% aged 30 to 64, 14.51% aged 65 to 84, and 3.48% were 85 years of age and older.
Racial distribution of New Hope population: 65.39% are White, 24.60% are Black or African American, 0.48% are American Indian and Alaska Native, 3.30% are Asian, 0.04% are Native Hawaiian and other Pacific Islander, 1.41% are some other race and 4.78% are multiracial.