Cost of Living in Eden Prairie, MN

Population 63,249 · Minnesota · Data vintage 2023

145

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Eden Prairie cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $463,000, rents near $1,761 a month.

Geographically, Eden Prairie sits roughly 12 miles southwest of Minneapolis. Median home values run roughly 34% higher than Minneapolis' $346,000.

Cost Overview

Housing 152

Rent 134

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Eden Prairie

The median home value in Eden Prairie is $463,300 — 52% above the national median of $305,000. Median rent runs $1,761/month, 34% higher than the national median of $1,314/month. The median household income of $127,732/year is 71% higher than the US median of $74,580. The local unemployment rate is 3.3%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. The climate averages highs of 55.9°F and lows of 37.4°F. Overall, Eden Prairie has a cost of living index of 145 versus the US average of 100, meaning it is 45% more expensive.

🏠 Housing

Median Home Value

$463,300

52% above avg

Zillow Home Value

$491,990

Zillow ZHVI

Median Rent

$1,761/mo

34% above avg

Zillow Rent

$1,693/mo

Zillow ZORI

Price-to-Rent Ratio

21.9x

Favors renting

Property Tax Rate

1.1%

Effective rate

HUD Fair Market Rents by Bedroom

Studio

$702

1 BR

$784

2 BR

$937

3 BR

$1,307

4 BR

$1,537

Owner-occupied 75.6%

Renter-occupied 24.4%

💰 Estimated Monthly Budget

Rent median rent

$1,761

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $2,375/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚

Eggs (dozen)

$0.548

🍞

White Bread (lb)

$1.912

🥩

Ground Beef (lb)

$5.61

🚗 Transportation

Avg Commute

23.8 min

12% below avg

Gas Price

$3.145/gal

0% below avg

Work From Home

27.5%

Commute Mode

Drove alone

63.0%

Carpooled

5.1%

Public transit

2.4%

Walked

0.6%

Bicycle

0.3%

Work from home

27.5%

⚡ Utilities

Electricity

$0.176/kWh

0% below avg

📋 Taxes

State Income Tax 9.8%

Total Sales Tax 7.4%

State rate 6.9%

Avg local rate 0.6%

Property Tax 1.1%

💼 Income & Employment

Median Household Income

$127,732

71% above avg

Per Capita Income

$70,228

Unemployment Rate

3.3%

32% below avg

Poverty Rate

6.0%

Labor Force Participation

71.5%

🎓 Education

Bachelor's degree+ 39.4%

Graduate degree 25.3%

👥 Demographics

Median Age 40.5

Male median age 38.9

Female median age 41.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High

55.9°F

Avg Low

37.4°F

Annual Precip

30.6"

Month	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
High °F	24	29	42	57	70	79	84	81	74	59	43	29
Low °F	8	12	24	37	49	59	64	62	53	40	27	14
Precip"	0.69	0.62	1.46	2.73	3.85	4.67	4.34	4.66	3.05	2.26	1.41	0.90

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 52 — Moderate

47.4%

Good air days/yr

187

Max AQI recorded

273

PM2.5 days

Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

95%

4-Year Graduation Rate

14.5:1

Student-teacher ratio

Public schools

8,826

Total enrollment

Frequently Asked Questions

What is the cost of living in Eden Prairie, MN?

Eden Prairie has a cost index of 145 (100 = national average). It is 45% above the national average.

What is average rent in Eden Prairie, MN?

The median gross rent in Eden Prairie is $1,761 per month based on 2023 Census data.

What is the average home price in Eden Prairie?

The median home value in Eden Prairie is $463,300 according to Zillow and Census data.

What is the median income in Eden Prairie?

The median household income in Eden Prairie is $127,732 per year (2023 ACS 5-year estimates).

What is the sales tax in Eden Prairie, MN?

The combined state and local sales tax rate in Eden Prairie is 7.4%. The Minnesota state income tax top rate is 9.8%.

Is Eden Prairie, MN affordable?

Eden Prairie is above average in cost of living, with an index of 145 — about 45% higher than the national average.

What is the weather like in Eden Prairie?

Eden Prairie has average high temperatures of 55.9°F and average lows of 37.4°F. Annual precipitation is 30.6". Data from NOAA 1991–2020 Climate Normals.

Eden Prairie at a Glance

Population: 63,249
Median Income: $127,732
Home Value: $463,300
Median Rent: $1,761/mo
Unemployment: 3.3%
Avg High Temp: 55.9°F
Sales Tax: 7.4%

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