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The average cost for a knee MRI, which stands for magnetic resonance imaging, is about $770, as of 2014, according to Healthcare Bluebook. This is the price for an MRI with no contrast.
The cost of an MRI depends on where you live, the negotiating power of the provider who administers the scan and your insurance provider. According to this study released by Medicare, the average cost of an MRI is $2,611.However, Underwood Memorial Hospital in New Jersey reported an average of $13,259 for an MRI and Northbay Medical Center in California reported the average cost at $9,766.ow to price an MRI. The best way to figure out how much an MRI is going to cost is to first look up the fair price on Healthcare Bluebook. According to Healthcare Bluebook, The cost of certain in-network procedures can vary by over 400%.