Small Business in New Hope

The city's median age is 41, and the average household size is 2.25, indicating a mix of young professionals, families, and retirees contributing to local economic activity. The median household income stands at $73,698, reflecting the community’s purchasing power and potential demand for various services. New Hope supports a diverse small business ecosystem, this particular report covers 26 home service industries, with 4202 operating businesses.

Industries overview
Number of companies by home service industry in New Hope
New websites
258
+15.7%
in 2024 compared to 2023
Total websites
3,271
+8.66% (+258)
increase from 2023 to 2024
New franchise locations
New home service franchise locations in New Hope
Profile Launched
SERVPRO of Minneapolis Northwest
Sep, 2024
Extra Space Storage
Feb, 2019