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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.So, this average number isn't something to bank on (pun intended).he 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.