Edina, MN vs Farmington, MN

The cost of living difference between Edina, MN and Farmington, MN is dramatic. Farmington is 36.2% cheaper than Edina, a gap that translates to thousands of dollars per year in household expenses. Edina has a cost index of 141 while Farmington sits at 103, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Edina is $1,757/month compared to $1,275/month in Farmington — a 38% difference. Home values follow the same pattern: Farmington is more affordable at $345,100 median vs $624,000.

Median household income in Edina is $129,225 compared to $118,556 in Farmington (+9%). Edina does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Edina spend roughly 16.3% of their income on rent, more than the 12.9% in Farmington.