salaryRent is higher than in 76% of U.S. cities. Household incomes are higher than in 86% of U.S. cities. A typical house costs about 4.7 years of household income. It is a highly educated city: 72.7% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $88,000 a year. That is $42 an hour at a full-time job.
Is rent cheaper than other Minnesota cities?
No. Rent here is more expensive than in most of Minnesota. It is number 131 of 150 cities from cheapest to most expensive.
How much do households earn in Edina?
Share of households by yearly income. 52.2% of households earn $100,000 or more.
Rent by apartment size in Edina
| Size | Edina | U.S. average |
|---|---|---|
| Studio | $1,826 | $1,338 |
| 1 bedroom | $1,904 | $1,324 |
| 2 bedrooms | $2,119 | $1,509 |
| 3 bedrooms | $2,732 | $1,698 |
| 4 bedrooms | $3,021 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Edina overall?
Everyday prices in the Minneapolis-St. Paul-Bloomington metro area are 5% above the U.S. average (index 104.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Edina
Life in Edina
What jobs pay in Edina
| Job | Median pay | Rent / pay |
|---|---|---|
| Pharmacist | $160,990 | 16.4% |
| Lawyer | $159,620 | 16.5% |
| Physician Assistant | $145,030 | 18.2% |
| Nurse Practitioner | $133,370 | 19.8% |
| Software Developer | $130,920 | 20.2% |
| Dental Hygienist | $112,630 | 23.4% |
| Computer Systems Analyst | $112,090 | 23.6% |
| Civil Engineer | $104,740 | 25.2% |
| Operations Manager | $103,570 | 25.5% |
| Registered Nurse | $103,040 | 25.6% |
| Plumber | $101,630 | 26.0% |
| Market Research Analyst | $97,910 | 27.0% |
| Police Officer | $97,190 | 27.2% |
| Accountant | $86,500 | 30.5% |
| Electrician | $81,890 | 32.2% |
| Elementary School Teacher | $79,730 | 33.1% |
| HVAC Technician | $77,490 | 34.1% |
| Carpenter | $74,060 | 35.6% |
| Licensed Practical Nurse | $65,660 | 40.2% |
| Truck Driver | $64,200 | 41.1% |
| Medical Assistant | $52,570 | 50.2% |
| Customer Service Representative | $49,480 | 53.4% |
| Nursing Assistant | $48,020 | 55.0% |
| Warehouse Worker | $47,320 | 55.8% |
| Restaurant Cook | $39,640 | 66.6% |
| Firefighter | $39,350 | 67.1% |
| Retail Salesperson | $36,670 | 72.0% |
| Cashier | $35,760 | 73.8% |
| Server (Waiter/Waitress) | $25,920 | 101.9% |
Is it cheaper to rent or buy in Edina?
Renting is cheaper right now: about $2,284 a month less.
Owning assumes a typical $646,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $64,630 for the down payment.
Frequently asked questions
What is the average rent in Edina, MN?
Renting in Edina costs a median of about $2,200 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Edina?
To keep rent under 30% of income, you need about $88,000 a year, or $42 an hour at a full-time job.
Is Edina cheap or expensive?
Edina is rated Cheap: rent takes 19.0% of the typical household income of $138,875. It ranks 131st cheapest of 150 Minnesota cities we track.
How much are property taxes in Edina?
The median homeowner in Edina pays $6,951 a year in property taxes, about 1.08% of the median home value.
Is Edina more expensive than the national average?
Overall prices in the metro area are 5% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Edina?
The median home value in Edina is $646,300, about 4.7 times the typical yearly household income.
53,262 people live in Edina. Numbers are typical (middle) values.