States › Minnesota › Medina

Is Medina, MN expensive to live in?

CheapRent takes 8 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,58010% lower than U.S. average
💵 Families earn per year (2026)$248,981about $20,748/month · 186% higher than U.S. average
🔑 House price$736,700121% higher than U.S. average

Rent is lower than in 53% of U.S. cities. Household incomes are higher than in 99% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (92.2%) are owned, so rentals can be hard to find. It is a highly educated city: 67.4% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $63,200 a year. That is $30 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 83 of 150 cities from cheapest to most expensive.

Medina
$1,580
Delano
$2,046
St. Joseph
$1,357
Spring Lake Park
$1,780
Kasson
$1,231
Stewartville
$1,183
Jordan
$1,318

How much do households earn in Medina?

Under $25k
4.2%
$25k–50k
7.6%
$50k–100k
19.3%
$100k–150k
8.7%
$150k+
57.5%

Share of households by yearly income. 66.1% of households earn $100,000 or more.

How expensive is Medina overall?

Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).

Housing
91
Goods (food, clothes…)
101
Utilities
91
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Medina, so the Minnesota figure is shown.

Taxes and bills in Medina

🏛️ Property tax$7,666a year · 1.04% of home value · U.S. $3,119
⚡ Electric bill$174a month (typical) · U.S. $156

Life in Medina

Commute to work26.3 minU.S.: 26.4 min
College degree67.4%U.S.: 35.7%
Own their home92.2%U.S.: 65.2%
Below poverty line10.3%U.S.: 12.5%
Unemployment1.1%U.S.: 5.2%

Is it cheaper to rent or buy in Medina?

Renting is cheaper right now: about $3,532 a month less.

Renting
$1,580
Owning
$5,112

Owning assumes a typical $736,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $73,670 for the down payment.

Frequently asked questions

What is the average rent in Medina, MN?

Renting in Medina costs a median of about $1,580 a month in 2026, including utilities. The Minnesota median is $1,525.

How much do I need to make to live in Medina?

To keep rent under 30% of income, you need about $63,200 a year, or $30 an hour at a full-time job.

Is Medina cheap or expensive?

Medina is rated Cheap: rent takes 7.6% of the typical household income of $248,981. It ranks 83rd cheapest of 150 Minnesota cities we track.

How much are property taxes in Medina?

The median homeowner in Medina pays $7,666 a year in property taxes, about 1.04% of the median home value.

Is Medina more expensive than the national average?

Overall prices in Minnesota are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Medina?

The median home value in Medina is $736,700, about 3.0 times the typical yearly household income.

6,968 people live in Medina. Numbers are typical (middle) values.