Medina, MN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Medina, MN Summary

Cost of living in Medina research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Medina is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Medina is 156, with 100 being the average.

  • The cost of living index in Medina is 1.6x higher than the national average.

  • Medina ranks as the #145 cheapest in Minnesota out of 147.

  • Medina ranks as the #5,945 cheapest out of 6,412 in the US.

  • The median home value in Medina is $611,800.

  • The median income in Medina is $187,031.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
156
Medina's Overall Cost Of Living
1.6x
Higher Than The National Average

What is the cost of living in Medina, MN?

According to the most recent data on the cost of living, Medina has an overall cost of living index of 156, which is 1.6x higher than the national index of 100.

Compared to Minnesota, Medina has a cost of living index that's 1.6x higher than Minnesota's index of 95.

The standard of living in Medina ranks as #145 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Medina ranks as the #2 most expensive place in the North Star State.

For more reading on life in Medina, check out:

145 out of 147
In Minnesota
5,945 out of 6,412
In America

Medina Cost Of Living Vs. Minnesota

Six factors go into calculating the cost of living index in Medina. Here is how it fairs on each of the criteria:

  • The Services index in Medina is 113.

  • The Groceries index in Medina is 105.

  • The Health index in Medina is 101.

  • The Housing index in Medina is 263.

  • The Transportation index in Medina is 102.

  • The Utilities index in Medina is 96.

Living Expense Medina Minnesota National Average
Overall 156 95 100
Services 113 101 100
Groceries 105 98 100
Health 101 111 100
Housing 263 83 100
Transportation 102 98 100
Utilities 96 95 100
For more reading on cost of living around Minnesota, check out:
Medina Cost of Living Vs. MN

Medina, MN Housing Cost Breakdown

Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Medina is $611,800.

  • The Median Rent in Medina is $1,500.

  • The Median Income in Medina is $187,031.

  • The Home Value To Income in Medina is 3.3x.

  • The Rent To Monthly Income in Medina is 0.1x.

Statistic Medina Minnesota United States
Median Home Value $611,800 $250,200 $244,900
Median Rent $1,500 $1,081 $1,163
Median Income $187,031 $77,706 $69,021
Home Value To Income 3.3x 3.2x 3.5x
Rent To Monthly Income 0.1x 0.17x 0.2x
Search Homes For Sale In Medina, MN
$611,800
Median Home Value
$1,500
Median Rent
$187,031
Median Income

Medina, MN Costs By Category

Detailed Medina Services Costs Vs. Minnesota

Item Medina Minnesota
Shampoo $1.09 $1.06
Movie $9.96 $10.68
Bowling $22.57 $14.67
Haircut $24.2 $18.62
Beauty Salon $34.39 $39.05

Detailed Medina Groceries Costs Vs. Minnesota

Item Medina Minnesota
Ground Beef $4.4 $4.22
Fried Chicken $2.1 $1.39
Milk $2.6 $2.05
Potatoes $3.32 $3.29
Pizza $12.99 $10.62
Beer $8.96 $9.38
Toothpaste $3.36 $2.34

Detailed Medina Health Costs Vs. Minnesota

Item Medina Minnesota
Optometrist $89.59 $108.57
Doctor $147.85 $116.17
Dentist $86.94 $99.13

Detailed Medina Transportation Costs Vs. Minnesota

Item Medina Minnesota
Gasoline $2.06 $2.22
Tire Balancing $58.37 $50.07

Detailed Medina Utilities Costs Vs. Minnesota

Item Medina Minnesota
All Electricity $160.63 $167.67
Phone $180.98 $175.64

Medina SnackAbility

7
/10
Overall SnackAbility
Jobs
9.5/10
Housing
9
Affordability
8
Diversity
7
Safety
8.5
Amenities
6
Education
9.5
Commute
6

Cost Of Living In Cities Around Medina

The cost of living varies in the cities and towns around Medina. Here's a quick look at the cost of living in the most populous nearby places:

  • Plymouth, MN has a cost of living index of 122, 0.8x Medina.

  • Maple Grove, MN has a cost of living index of 117, 0.8x Medina.

  • Eden Prairie, MN has a cost of living index of 121, 0.8x Medina.

City Population Cost Of Living Vs. Medina
Plymouth, MN 80,034 122 0.8x
Maple Grove, MN 69,900 117 0.8x
Eden Prairie, MN 64,048 121 0.8x
Minnetonka, MN 53,809 121 0.8x
Edina, MN 53,059 135 0.9x
Champlin, MN 23,877 110 0.7x
Golden Valley, MN 22,247 116 0.7x
Rogers, MN 13,182 120 0.8x
Orono, MN 8,252 157 1.0x
Minnetrista, MN 8,215 146 0.9x

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