Index Eden Prairie Minnesota National
Cost of living index 121 102 100
Index Eden Prairie Minnesota National
Goods & Services index 108 106 100
Groceries index 106 105 100
Health care index 106 110 100
Housing index 158 101 100
Transportation index 101 98 100
Utilities index 96 91 100
  • Cost of living in the city is 18% higher than the national average
  • Cost of housing is 58% higher than the national average
  • Cost of living is 18% higher than the state average

Goods & Services

Item Eden Prairie National avg. Difference
Haircut $24.24 $15.56 55.8%
Beauty Salon $34.24 $36.11 5.2%
Toothpaste $3.32 $2.47 34.4%
Shampoo $1.04 $0.96 7.4%
Movie $9.88 $10.13 2.4%
Bowling $4.12 $4.74 13.1%

Groceries

Item Eden Prairie National avg. Difference
Ground Beef $4.14 $3.98 4.0%
Fried Chicken $2.00 $1.41 42.1%
Milk $2.23 $2.06 8.1%
Potatoes $3.30 $2.98 10.5%
Pizza $10.53 $9.47 11.1%
Beer $8.81 $8.79 0.2%

Health Care

Item Eden Prairie National avg. Difference
Optometrist $81.38 $101.04 19.5%
Doctor $133.98 $107.44 24.7%
Dentist $85.91 $90.42 5.0%
Ibuprofen $11.82 $9.28 27.4%
Lipitor $416.78 $426.50 2.3%

Median Income & Debt-To-Income Ratio

Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
Owners $115,397 $9,616 $2,692 $3,462
Renters $61,326 $5,111 $1,431 $1,840

The affordability of the housing market in Eden Prairie, MN as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Eden Prairie, MN homeowners, the median income is $115,397. This indicates that a monthly maximum of $2,692 should be spent by homeowners on all housing related costs. Renters have a median income of $61,326. This indicates that renters should have a maximum of $1,431 used for their rent related monthly costs.