Forest Lake vs New Hope
Side-by-side comparison
How does Forest Lake, MN compare to New Hope, MN? Forest Lake has a population of 20,678 with a median household income of $89,879, while New Hope has 21,402 residents and a median income of $73,698. Below you'll find a detailed breakdown of demographics, economy, and housing for both cities.
| Metric | Forest Lake, MN | New Hope, MN | Difference |
|---|---|---|---|
| Population | 20,678 | 21,402 | -3.4% |
| Median Age | 38.8 | 41 | -5.4% |
| Foreign Born % | 6.1% | 18.3% | -66.7% |
| Metric | Forest Lake | New Hope | Difference |
|---|---|---|---|
| Median Income | $89,879 | $73,698 | +22.0% |
| Unemployment | 4.6% | 5.3% | -13.2% |
| Poverty Rate | 6.7% | 11.7% | -42.7% |
| Bachelor's+ | 35.7% | 36.7% | -2.7% |
| Metric | Forest Lake | New Hope | Difference |
|---|---|---|---|
| Home Value | $375,900 | $314,600 | +19.5% |
| Median Rent | $1379/mo | $1306/mo | +5.6% |
| Housing Units | 8,589 | 9,417 | -8.8% |