Salary & Cost of Living in Edina, MN
Edina, MN: $60,890 median salary, cost of living index 94.7, $10.85/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$60,890
$29/hr
Cost of Living
94.7
US avg = 100
Minimum Wage
$10.85
per hour
Unemployment
3.4%
rate
Edina, MN Overview
Population
53,494
Median Salary
$60,890
Average Salary
$68,197
Avg Commute
16 min
Median Home Price
$347,000
Median Rent
$1,415/mo
Job Growth
+2.8%
Sales Tax
6.875%
Edina is located in Minnesota with a population of 53,494. The median household salary is $60,890 per year ($29/hour), which is $1,506 above the national median of $59,384. The average commute time is 16 minutes, and the city has a job growth rate of +2.8%.
Edina Salary by Experience Level (2026)
Wage distribution in Edina, MN based on BLS percentile breakdown of the $60,890 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $37,752 | $18.15/hr | 0–2 years |
| Mid-Level (Median) | $60,890 | $29.27/hr | 3–7 years |
| Senior-Level | $86,464 | $41.56/hr | 8–15 years |
| Top 10% (90th Percentile) | $108,384 | $52.10/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Edina Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Edina, MN, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$46,184
$3,848.65/month · $1,776.30/biweekly · Effective Rate: 24.2%
Gross Pay
$60,890
Federal Tax
-$5,268
State Tax
-$4,780
Local Tax
$0
FICA
-$4,658
Net Pay
$46,184
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,074.17 | $60,890.00 |
| Federal Income Tax | -$439.02 | -$5,268.30 |
| Minnesota State Tax (7.85%) | -$398.32 | -$4,779.87 |
| Social Security (6.2%) | -$314.60 | -$3,775.18 |
| Medicare (1.45%) | -$73.58 | -$882.91 |
| Net Take-Home Pay | $3,848.65 | $46,183.75 |
Salary Comparison: Edina vs Other Cities
See how Edina's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Edina, MN | $60,890 | 94.7 | $64,298 |
| National Average | $59,384 | 100 | $59,384 |
| Petaluma, CA | $60,905 | 149.1 | $40,848 |
| Bremerton, WA | $60,870 | 116.1 | $52,429 |
| Lynnwood, WA | $60,863 | 109.2 | $55,735 |
| Ridgecrest, CA | $60,922 | 144.5 | $42,161 |
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 Edina
Edina's cost of living index is 94.7 (national average = 100). Living in Edina is 5.299999999999997% less expensive than the national average.
Median Home Price
$347,000
Median Monthly Rent
$1,415
Annual Rent Cost
$16,980
Your Salary's Purchasing Power
Your $46,184 annual take-home pay in Edina has the purchasing power of approximately $48,768 in an average-cost US area. Your $60,890 salary stretches further here than in most US cities.
Top Industries in Edina
Edina's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $60,890.
Salary Tips for Edina Workers
- Maximize pre-tax deductions. With a 7.85% state income tax rate, maximizing 401(k) contributions (up to $24,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Edina's top industries include Healthcare, Finance, Manufacturing. Targeting roles in these sectors can help you earn above the $60,890 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 Edina, MN?
The median salary in Edina, MN is $60,890 per year, or $29 per hour. The average salary is $68,197. This is $1,506 above the national median of $59,384.
What is the cost of living in Edina, MN?
Edina's cost of living index is 94.7 (national average = 100), meaning it is 5.299999999999997% less expensive compared to the national average. The median home price is $347,000 and the median monthly rent is $1,415.
What are the best industries in Edina?
The top industries in Edina, MN include Healthcare, Finance, Manufacturing. The city has a job growth rate of 2.8% and an unemployment rate of 3.4%. Workers in these industries often earn above the city's median salary of $60,890.
How does Edina's salary compare to other cities?
Edina's median salary of $60,890 is 2.5% above the national median of $59,384. However, when adjusted for cost of living (index: 94.7), the real purchasing power is approximately $64,298.
What is the minimum wage in Edina, MN?
The minimum wage in Edina, 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.