Edina, MN vs St. Michael, MN

St. Michael is moderately more affordable than Edina, with a 9.9% lower cost of living index. Edina scores 141 compared to 128 for St. Michael, where the US average is 100. This difference means residents of Edina can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Edina is $1,757/month compared to $2,038/month in St. Michael — a 14% difference. Interestingly, home values tell a different story: while Edina has cheaper rent, St. Michael actually has lower median home values ($365,800 vs $624,000).

Median household income in Edina is $129,225 compared to $130,814 in St. Michael (-1.2%). St. Michael offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Edina spend roughly 16.3% of their income on rent, less than the 18.7% in St. Michael.