Edina, Minnesota Income Statistics
Edina Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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A+
Edina Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Edina | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $132,585 | $89,852 | $80,455 |
| Median Personal Income | $108,970 | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.5% | 4.4% | 4.8% |
| Six-Figure Earners | 32.8% | 15.1% | 13.9% |
| $200k+ Households | 33.9% | 13.8% | 13.2% |
The median household income in Edina is about 48% higher than in Minnesota. Income has been growing faster in Edina (4.5%/yr) than in Minnesota (4.4%/yr).
About 33% of adults in Edina earn six figures ($100,000 or more) a year, higher than the Minnesota average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Edina, Minnesota grew by 65.9% from 2009 to 2024, reaching $132,585 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in Edina
| Metric | Edina | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.483 | 0.507 | 0.552 |
| Male Median Income | $125,451 | $74,898 | $69,667 |
| Female Median Income | $93,659 | $62,922 | $56,850 |
| Gender Pay Gap | 25.3% | 16.0% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Edina, it is 0.483, lower than Minnesota's 0.507, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 34% more than women's income in Edina, Minnesota. Over a 35-year career, a 34% wage gap accumulates to roughly $1,112,720 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Edina, Minnesota has narrowed from about 35% to 25% in 2024. Over that period the gap was widest at 36% in 2011, and was narrowest at 22% in 2018. In dollar terms, the gap has widened by $1,113 since 2009.
Employment
| Metric | Edina | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 4.1% | 5.2% |
| Working from Home | 29.2% | 17.6% | 15.0% |
| Commute time (minutes) | 18 | 20 | 22 |
Approximately 1,071 people are unemployed in Edina, Minnesota.
The average commute time in Edina is 18 minutes, shorter than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Edina, Minnesota has fallen from 5.6% to 3.9% in 2024. Over that period the rate fell as low as 3.1% in 2019.
Edina, MN Wealth Compared With Nearby Cities
Edina, MN is the 2nd largest of the 5 cities compared here, 53,267 residents against a local median of 43,012. Edina, MN's median household income, at $132,585, runs 36% above the $97,302 typical of the cities around it. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 3.9% against a local median of 4.7%, 16% below it. Every measure here with a clear better direction points the same way, so Edina, MN is not trading one advantage for another, it reads stronger than its neighbours across the board. The cities themselves sit within $23,049 of each other on median household income, a tighter band than the gap between any of them and Edina, MN, which makes it a genuine outlier here rather than one end of a wide local spread. Edina, MN has the highest median household income of the 5 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Edina, MN | 53,267 | $132,585 #1/5 | 4.5%/yr #3/5 | 3.9% #2/5 | 0.483 #4/5 |
| St. Louis Park, MN | 49,539 | $101,436 | 4.9%/yr | 3.2% | 0.447 |
| Bloomington, MN | 88,700 | $93,168 | 4.1%/yr | 4.8% | 0.503 |
| Richfield, MN | 36,485 | $84,491 | 5.4%/yr | 5.3% | 0.477 |
| Golden Valley, MN | 21,735 | $107,541 | 3.7%/yr | 4.6% | 0.482 |
Conclusion
Considering all these factors, Edina, Minnesota has an overall wealth index grade of A+, making it notably better than Minnesota, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Edina, Minnesota.
How Wealthy Is Edina, Minnesota?
Edina has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $132,585, about 48% higher than the Minnesota average of $89,852.
How has median household income changed in Edina, Minnesota?
Between 2009 and 2024, the median household income in Edina, Minnesota rose 66%, from $79,934 to $132,585. Over the same years, income here outpaced Minnesota as a whole: +66% against +57%.
What was the median household income in Edina in 2023?
In 2023, the median household income in Edina, Minnesota was $128,133, up 2% from $126,023 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Edina in 2020?
In 2020, the median household income in Edina, Minnesota was $108,721. By 2024 it had risen 22% to $132,585.
How many people earn six figures in Edina, Minnesota?
Yes. 33% of adults in Edina, Minnesota earn $100,000 or more a year (about 1 in 3), against 15% (about 1 in 7) in Minnesota. 34% of households have a combined income of $200,000 or more, compared with 14% in Minnesota.
What is the Gini coefficient in Edina, Minnesota?
The Gini coefficient in Edina is 0.483. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Edina, Minnesota?
Since 2009, the income gap between men and women in Edina, Minnesota has narrowed from about 35% to 25% in 2024. Over that period the gap was widest at 36% in 2011, and was narrowest at 22% in 2018. In dollar terms, the gap has widened by $1,113 since 2009.
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