Cost of Living in Edina, MN
Population 53,125 · Minnesota · Data vintage 2023
(100 = US avg)
Housing in Edina sits 105% above the national median — $624,000 for the typical home — but median household incomes near $129,225 (73% above the US figure) soften the blow that similar pricing creates in lower-wage metros.
Geographically, Edina sits roughly 7 miles southwest of Minneapolis. Median home values run roughly 81% higher than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Edina
The median home value in Edina is $624,000 — 105% above the national median of $305,000. Median rent runs $1,757/month, 34% higher than the national median of $1,314/month. The median household income of $129,225/year is 73% higher than the US median of $74,580. The local unemployment rate is 3.8%, 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%. Overall, Edina has a cost of living index of 176 versus the US average of 100, meaning it is 76% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Edina, MN?
Edina has a cost index of 176 (100 = national average). It is 76% above the national average.
What is average rent in Edina, MN?
The median gross rent in Edina is $1,757 per month based on 2023 Census data.
What is the average home price in Edina?
The median home value in Edina is $624,000 according to Zillow and Census data.
What is the median income in Edina?
The median household income in Edina is $129,225 per year (2023 ACS 5-year estimates).
What is the sales tax in Edina, MN?
The combined state and local sales tax rate in Edina is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Edina, MN affordable?
Edina is above average in cost of living, with an index of 176 — about 76% higher than the national average.
Edina at a Glance
- Population
- 53,125
- Median Income
- $129,225
- Home Value
- $624,000
- Median Rent
- $1,757/mo
- Unemployment
- 3.8%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
Similar Cost Cities
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