Edina, MN Cost Of Living
Cost Of Living In Edina, MN Summary
Cost of living in Edina research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Edina is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Edina is 135, with 100 being the average.
The cost of living index in Edina is 1.4x higher than the national average.
Edina ranks as the #143 cheapest in Minnesota out of 147.
Edina ranks as the #5,435 cheapest out of 6,412 in the US.
The median home value in Edina is $537,400.
The median income in Edina is $115,047.
Table Of Contents
Edina's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Edina, MN?
According to the most recent data on the cost of living, Edina has an overall cost of living index of 135, which is 1.4x higher than the national index of 100.
Compared to Minnesota, Edina has a cost of living index that's 1.4x higher than Minnesota's index of 95.
The standard of living in Edina ranks as #143 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Edina ranks as the #4 most expensive place in the North Star State.
For more reading on life in Edina, check out:
- Living In Edina
- Edina Crime Report
- Search Homes For Sale In Edina, MN
In Minnesota
In America
Edina Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Edina. Here is how it fairs on each of the criteria:
The Services index in Edina is 111.
The Groceries index in Edina is 103.
The Health index in Edina is 101.
The Housing index in Edina is 200.
The Transportation index in Edina is 103.
The Utilities index in Edina is 97.
| Living Expense | Edina | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 135 | 95 | 100 | |
| Services | 111 | 101 | 100 | |
| Groceries | 103 | 98 | 100 | |
| Health | 101 | 111 | 100 | |
| Housing | 200 | 83 | 100 | |
| Transportation | 103 | 98 | 100 | |
| Utilities | 97 | 95 | 100 | |
Edina, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Edina is $537,400.
The Median Rent in Edina is $1,521.
The Median Income in Edina is $115,047.
The Home Value To Income in Edina is 4.7x.
The Rent To Monthly Income in Edina is 0.16x.
| Statistic | Edina | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $537,400 | $250,200 | $244,900 |
| Median Rent | $1,521 | $1,081 | $1,163 |
| Median Income | $115,047 | $77,706 | $69,021 |
| Home Value To Income | 4.7x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Edina, MN Costs By Category
Detailed Edina Services Costs Vs. Minnesota
Detailed Edina Groceries Costs Vs. Minnesota
Detailed Edina Health Costs Vs. Minnesota
Detailed Edina Transportation Costs Vs. Minnesota
Detailed Edina Utilities Costs Vs. Minnesota
Edina SnackAbility
/10
Cost Of Living In Cities Around Edina
The cost of living varies in the cities and towns around Edina. Here's a quick look at the cost of living in the most populous nearby places:
Minneapolis, MN has a cost of living index of 108, 0.8x Edina.
Bloomington, MN has a cost of living index of 107, 0.8x Edina.
Plymouth, MN has a cost of living index of 122, 0.9x Edina.
| City | Population | Cost Of Living | Vs. Edina |
|---|---|---|---|
| Minneapolis, MN | 425,091 | 108 | 0.8x |
| Bloomington, MN | 89,436 | 107 | 0.8x |
| Plymouth, MN | 80,034 | 122 | 0.9x |
| Maple Grove, MN | 69,900 | 117 | 0.9x |
| Lakeville, MN | 69,026 | 116 | 0.9x |
| Eden Prairie, MN | 64,048 | 121 | 0.9x |
| Minnetonka, MN | 53,809 | 121 | 0.9x |
| St. Louis Park, MN | 49,539 | 113 | 0.8x |
| Richfield, MN | 36,899 | 104 | 0.8x |
| Shoreview, MN | 26,871 | 110 | 0.8x |
