1 A spinal MRI is used to find various spinal problems, including nerve damage or tumors. 2  It typically costs $1,000-$5,000, depending on the part of the spine being scanned and whether the procedure is performed in a hospital or physician's office.n some cases, an MRI can produce clearer images than an X-ray or CT scan. Most MRIs are typically covered by health insurance when deemed medically necessary. If deductibles are met, typical out-of-pocket cost consists of copays of $20-$100 for the doctor visit and for the procedure.