Zip 55435 (Edina, MN) Cost of Living


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with insight into cost of living, crime, climate, and more.
How much do I need to live in Edina, Minnesota?
$4,320 / month
for a family, 20.0% less expensive than the national average A total of $51,840 for the year for a family.
$4,733 / month
for a single person, 0.7% less expensive than the national average A total of $56,800 for the year for a single person.

Edina cost of living score
107.2
More expensive
7.2% higher
than the US average
10.3% higher
than the Minnesota average
Edina (zip 55435), Minnesota gets a BestPlaces Cost of Living score of 107.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 7.2% higher than the U.S. average and 10.3% higher than the average for Minnesota.

Zip 55435 (Edina, MN)

Housing costs in Edina?
A typical home costs $270,400, which is 20.0% less expensive than the national average of $338,100 and 12.6% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Edina costs $1,740 per month, which is 40.3% more than the national average of $1,240 and 19.5% more than the state average of $1,400.

Can I afford Edina?
To live comfortably in Edina (zip 55435), Minnesota, a minimum annual income of $51,840 for a family, and $56,800 for a single person is recommended.

What does A.I. say about Edina?
55435 Edina, MN is known to have a high cost of living. According to BestPlaces.net, the median household income in 55435 is $148,014 and the average home value is $477,600. Additionally, the median rent in this area is $1,367 per month. Overall, 55435 Edina, MN has a high cost of living that reflects its status as an affluent suburb of Minneapolis.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesEdinaMinnesotaUnited States
    Unlock97.2100.0
  101.9  Unlock100.0
    Unlock78.3100.0
  84.7  Unlock100.0
    Unlock$309,500$338,100
  98.1  Unlock100.0
    Unlock96.4100.0
  144.9  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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