Cost of Living in Edina, MN
Population: 53,125 • 2026 Data
$129,225
Median Household Income
+67% vs national
$1,757
Median Monthly Rent
+30% vs national
$624,000
Median Home Value
+84% vs national
3.8%
Unemployment Rate
Housing in Edina
The median home value in Edina, MN is $624,000. Monthly rent for a typical unit averages $1,757, while total monthly housing costs (including utilities and insurance) average $1,995.
Rent-to-income ratio: 16.3%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Edina, MN is $129,225. The unemployment rate stands at 3.8%, with a labor force of 27,051 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.