The price of a lumbar MRI is usually around $1,000, depending on the area and the level of hospital visited. Magnetic resonance, known as magnetic resonance imaging (MRI), is a medical imaging technology based on the principle of nuclear magnetic resonance (MRI), which mainly utilizes magnetic fields and radiofrequency (RF) waves to form images of human anatomy or physiological processes. MRI has several sequences, and different sequences can be applied to the examination and diagnosis of different diseases and tissues. MRI of the lumbar spine mainly looks at the soft tissues of the lumbar region as well as the condition of the spinal canal. It can look at the nerve root pathways, nerve root outlets, whether the nerve roots are compressed or not, whether the spinal cord is compressed or not, and it can also show whether there are any space-occupying lesions in the spinal cord and other conditions.