Salary & Cost of Living in Eden Prairie, MN
Eden Prairie, MN: $62,787 median salary, cost of living index 99, $10.85/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$62,787
$30/hr
Cost of Living
99
US avg = 100
Minimum Wage
$10.85
per hour
Unemployment
2.9%
rate
Eden Prairie, MN Overview
Population
64,198
Median Salary
$62,787
Average Salary
$70,321
Avg Commute
20 min
Median Home Price
$324,000
Median Rent
$1,328/mo
Job Growth
+1.3%
Sales Tax
6.875%
Eden Prairie is located in Minnesota with a population of 64,198. The median household salary is $62,787 per year ($30/hour), which is $3,403 above the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +1.3%.
Eden Prairie Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Eden Prairie, MN, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$47,559
$3,963.26/month · $1,829.20/biweekly · Effective Rate: 24.3%
Gross Pay
$62,787
Federal Tax
-$5,496
State Tax
-$4,929
Local Tax
$0
FICA
-$4,803
Net Pay
$47,559
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,232.25 | $62,787.00 |
| Federal Income Tax | -$457.99 | -$5,495.94 |
| Minnesota State Tax (7.85%) | -$410.73 | -$4,928.78 |
| Social Security (6.2%) | -$324.40 | -$3,892.79 |
| Medicare (1.45%) | -$75.87 | -$910.41 |
| Net Take-Home Pay | $3,963.26 | $47,559.08 |
Salary Comparison: Eden Prairie vs Other Cities
See how Eden Prairie's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Eden Prairie, MN | $62,787 | 99 | $63,421 |
| National Average | $59,384 | 100 | $59,384 |
| Puyallup, WA | $62,826 | 117.9 | $53,288 |
| Woodbridge, VA | $62,850 | 106.5 | $59,014 |
| Springfield, OR | $62,700 | 120.3 | $52,120 |
| Ramsey, MN | $62,878 | 94.1 | $66,820 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Eden Prairie
Eden Prairie's cost of living index is 99 (national average = 100). Living in Eden Prairie is 1% less expensive than the national average.
Median Home Price
$324,000
Median Monthly Rent
$1,328
Annual Rent Cost
$15,936
Your Salary's Purchasing Power
Your $47,559 annual take-home pay in Eden Prairie has the purchasing power of approximately $48,039 in an average-cost US area. Your $62,787 salary stretches further here than in most US cities.
Top Industries in Eden Prairie
Eden Prairie's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $62,787.
Salary Tips for Eden Prairie Workers
- Maximize pre-tax deductions. With a 7.85% state income tax rate, maximizing 401(k) contributions (up to $23,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Eden Prairie's top industries include Healthcare, Finance, Manufacturing. Targeting roles in these sectors can help you earn above the $62,787 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Eden Prairie, MN?
The median salary in Eden Prairie, MN is $62,787 per year, or $30 per hour. The average salary is $70,321. This is $3,403 above the national median of $59,384.
What is the cost of living in Eden Prairie, MN?
Eden Prairie's cost of living index is 99 (national average = 100), meaning it is 1% less expensive compared to the national average. The median home price is $324,000 and the median monthly rent is $1,328.
What are the best industries in Eden Prairie?
The top industries in Eden Prairie, MN include Healthcare, Finance, Manufacturing. The city has a job growth rate of 1.3% and an unemployment rate of 2.9%. Workers in these industries often earn above the city's median salary of $62,787.
How does Eden Prairie's salary compare to other cities?
Eden Prairie's median salary of $62,787 is 5.7% above the national median of $59,384. However, when adjusted for cost of living (index: 99), the real purchasing power is approximately $63,421.
What is the minimum wage in Eden Prairie, MN?
The minimum wage in Eden Prairie, MN is $10.85 per hour. This equals approximately $22,568 per year for a full-time worker (40 hours/week). This is $3.60 above the federal minimum wage of $7.25/hour.