Housing costs in Edina?
A typical home costs
$884,600, which is 161.6% more expensive than the national average of
$338,100 and 185.8% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Edina costs
$1,630 per month, which is 31.5% more than the national average of
$1,240 and 14.1% more than the state average of
$1,400.
Can I afford Edina?
To live comfortably in Edina (zip 55424), Minnesota, a minimum annual income of
$169,560 for a family, and
$53,200 for a single person is recommended.
What does A.I. say about Edina?
Edina, MN is a highly desirable place to live due to its excellent quality of life and amenities. The cost of living in Edina is generally higher than the national average, but the area has seen a steady decrease in the cost of living over the last decade. Groceries, transportation, housing and utilities are all higher than other parts of the state, however they are still cheaper than many other regions across the United States. Depending on individual needs, it's possible to find a variety of different housing options that fit into most budgets. For those looking for an affordable lifestyle without sacrificing quality, Edina is definitely worth considering as a potential destination.