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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.
MRI cost can range between $400 to $3,500 depending upon which MRI procuedure is performed (example: brain mri vs. shoulder mri) and where you have the MRI test performed. The same exact MRI test can vary by hundreds of dollars from testing facility to testing facility.