Housing costs in Edina?
A typical home costs
$611,800, which is 81.0% more expensive than the national average of
$338,100 and 97.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Edina costs
$1,510 per month, which is 21.8% more than the national average of
$1,240 and 7.3% more than the state average of
$1,400.
Can I afford Edina?
To live comfortably in Edina (zip 55439), Minnesota, a minimum annual income of
$117,360 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Edina?
The cost of living in Edina, MN 55439 is higher than the national average. The median home price for a house in Edina is $469,000 which is significantly higher than the U.S. median home price of $231,200. In addition to housing costs, there are other associated expenses that contribute to living in the area such as transportation and taxes. The cost of transportation is higher than average with public transit fares costing about $2 per trip and an average gas price of around $2.50 per gallon. Sales tax rates are around 7.875%, whereas the US average falls at 6%. All these factors contribute to the overall cost of living in 55439 Edina, MN being more expensive than many other places in the country.