Housing costs in Edina?
A typical home costs
$553,400, which is 63.7% more expensive than the national average of
$338,100 and 78.8% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Edina costs
$1,640 per month, which is 32.3% more than the national average of
$1,240 and 14.6% more than the state average of
$1,400.
Can I afford Edina?
To live comfortably in Edina (zip 55436), Minnesota, a minimum annual income of
$106,200 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Edina?
The cost of living in 55436 Edina, MN is quite high due to its popularity as a suburban area. Housing costs are particularly expensive due to the area's desirability and proximity to Minneapolis. The median home price in Edina is $425,000, much higher than the median of $208,900 across the state. Renting can also be costly with a median rent of $1,452 per month compared to the statewide average at $1,033. Other common expenses such as groceries and utilities are on par with other Minnesota cities. Overall, living in 55436 Edina requires a higher budget than many other areas in Minnesota.