Medina, MN Cost Of Living
Cost Of Living In Medina, MN Summary
Cost of living in Medina 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 Medina 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 Medina is 156, with 100 being the average.
The cost of living index in Medina is 1.6x higher than the national average.
Medina ranks as the #145 cheapest in Minnesota out of 147.
Medina ranks as the #5,945 cheapest out of 6,412 in the US.
The median home value in Medina is $611,800.
The median income in Medina is $187,031.
Table Of Contents
Medina's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Medina, MN?
According to the most recent data on the cost of living, Medina has an overall cost of living index of 156, which is 1.6x higher than the national index of 100.
Compared to Minnesota, Medina has a cost of living index that's 1.6x higher than Minnesota's index of 95.
The standard of living in Medina ranks as #145 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Medina ranks as the #2 most expensive place in the North Star State.
For more reading on life in Medina, check out:
- Living In Medina
- Medina Crime Report
- Search Homes For Sale In Medina, MN
In Minnesota
In America
Medina Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Medina. Here is how it fairs on each of the criteria:
The Services index in Medina is 113.
The Groceries index in Medina is 105.
The Health index in Medina is 101.
The Housing index in Medina is 263.
The Transportation index in Medina is 102.
The Utilities index in Medina is 96.
| Living Expense | Medina | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 156 | 95 | 100 | |
| Services | 113 | 101 | 100 | |
| Groceries | 105 | 98 | 100 | |
| Health | 101 | 111 | 100 | |
| Housing | 263 | 83 | 100 | |
| Transportation | 102 | 98 | 100 | |
| Utilities | 96 | 95 | 100 | |
Medina, 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 Medina is $611,800.
The Median Rent in Medina is $1,500.
The Median Income in Medina is $187,031.
The Home Value To Income in Medina is 3.3x.
The Rent To Monthly Income in Medina is 0.1x.
| Statistic | Medina | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $611,800 | $250,200 | $244,900 |
| Median Rent | $1,500 | $1,081 | $1,163 |
| Median Income | $187,031 | $77,706 | $69,021 |
| Home Value To Income | 3.3x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.1x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Medina, MN Costs By Category
Detailed Medina Services Costs Vs. Minnesota
Detailed Medina Groceries Costs Vs. Minnesota
Detailed Medina Health Costs Vs. Minnesota
Detailed Medina Transportation Costs Vs. Minnesota
Detailed Medina Utilities Costs Vs. Minnesota
Medina SnackAbility
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Cost Of Living In Cities Around Medina
The cost of living varies in the cities and towns around Medina. Here's a quick look at the cost of living in the most populous nearby places:
Plymouth, MN has a cost of living index of 122, 0.8x Medina.
Maple Grove, MN has a cost of living index of 117, 0.8x Medina.
Eden Prairie, MN has a cost of living index of 121, 0.8x Medina.
| City | Population | Cost Of Living | Vs. Medina |
|---|---|---|---|
| Plymouth, MN | 80,034 | 122 | 0.8x |
| Maple Grove, MN | 69,900 | 117 | 0.8x |
| Eden Prairie, MN | 64,048 | 121 | 0.8x |
| Minnetonka, MN | 53,809 | 121 | 0.8x |
| Edina, MN | 53,059 | 135 | 0.9x |
| Champlin, MN | 23,877 | 110 | 0.7x |
| Golden Valley, MN | 22,247 | 116 | 0.7x |
| Rogers, MN | 13,182 | 120 | 0.8x |
| Orono, MN | 8,252 | 157 | 1.0x |
| Minnetrista, MN | 8,215 | 146 | 0.9x |
