Chanhassen, MN Cost Of Living
Cost Of Living In Chanhassen, MN Summary
Cost of living in Chanhassen research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Chanhassen is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Chanhassen is 125, with 100 being the average.
The cost of living index in Chanhassen is 1.2x higher than the national average.
Chanhassen ranks as the #138 cheapest in Minnesota out of 147.
Chanhassen ranks as the #5,043 cheapest out of 6,412 in the US.
The median home value in Chanhassen is $426,200.
The median income in Chanhassen is $123,566.
Table Of Contents
Chanhassen's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Chanhassen, MN?
According to the most recent data on the cost of living, Chanhassen has an overall cost of living index of 125, which is 1.2x higher than the national index of 100.
Compared to Minnesota, Chanhassen has a cost of living index that's 1.3x higher than Minnesota's index of 95.
The standard of living in Chanhassen ranks as #138 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Chanhassen ranks as the #9 most expensive place in the North Star State.
For more reading on life in Chanhassen, check out:
- Living In Chanhassen
- Search Homes For Sale In Chanhassen, MN
In Minnesota
In America
Chanhassen Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Chanhassen. Here is how it fairs on each of the criteria:
The Services index in Chanhassen is 112.
The Groceries index in Chanhassen is 102.
The Health index in Chanhassen is 102.
The Housing index in Chanhassen is 168.
The Transportation index in Chanhassen is 101.
The Utilities index in Chanhassen is 96.
| Living Expense | Chanhassen | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 125 | 95 | 100 | |
| Services | 112 | 101 | 100 | |
| Groceries | 102 | 98 | 100 | |
| Health | 102 | 111 | 100 | |
| Housing | 168 | 83 | 100 | |
| Transportation | 101 | 98 | 100 | |
| Utilities | 96 | 95 | 100 | |
Chanhassen, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Chanhassen is $426,200.
The Median Rent in Chanhassen is $1,519.
The Median Income in Chanhassen is $123,566.
The Home Value To Income in Chanhassen is 3.4x.
The Rent To Monthly Income in Chanhassen is 0.15x.
| Statistic | Chanhassen | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $426,200 | $250,200 | $244,900 |
| Median Rent | $1,519 | $1,081 | $1,163 |
| Median Income | $123,566 | $77,706 | $69,021 |
| Home Value To Income | 3.4x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Chanhassen, MN Costs By Category
Detailed Chanhassen Services Costs Vs. Minnesota
| Item | Chanhassen | Minnesota |
|---|---|---|
| Shampoo | $1.09 | $1.06 |
| Movie | $9.96 | $10.68 |
| Bowling | $22.57 | $14.67 |
| Haircut | $24.2 | $18.62 |
| Beauty Salon | $34.39 | $39.05 |
Detailed Chanhassen Groceries Costs Vs. Minnesota
| Item | Chanhassen | Minnesota |
|---|---|---|
| Ground Beef | $4.4 | $4.22 |
| Fried Chicken | $2.1 | $1.39 |
| Milk | $2.6 | $2.05 |
| Potatoes | $3.32 | $3.29 |
| Pizza | $12.99 | $10.62 |
| Beer | $8.96 | $9.38 |
| Toothpaste | $3.36 | $2.34 |
Detailed Chanhassen Health Costs Vs. Minnesota
| Item | Chanhassen | Minnesota |
|---|---|---|
| Optometrist | $89.59 | $108.57 |
| Doctor | $147.85 | $116.17 |
| Dentist | $86.94 | $99.13 |
Detailed Chanhassen Transportation Costs Vs. Minnesota
| Item | Chanhassen | Minnesota |
|---|---|---|
| Gasoline | $2.06 | $2.22 |
| Tire Balancing | $58.37 | $50.07 |
Detailed Chanhassen Utilities Costs Vs. Minnesota
| Item | Chanhassen | Minnesota |
|---|---|---|
| All Electricity | $160.63 | $167.67 |
| Phone | $180.98 | $175.64 |
Chanhassen SnackAbility
/10
Cost Of Living In Cities Around Chanhassen
The cost of living varies in the cities and towns around Chanhassen. Here's a quick look at the cost of living in the most populous nearby places:
Plymouth, MN has a cost of living index of 122, 1.0x Chanhassen.
Maple Grove, MN has a cost of living index of 117, 0.9x Chanhassen.
Lakeville, MN has a cost of living index of 116, 0.9x Chanhassen.
| City | Population | Cost Of Living | Vs. Chanhassen |
|---|---|---|---|
| Plymouth, MN | 80,034 | 122 | 1.0x |
| Maple Grove, MN | 69,900 | 117 | 0.9x |
| Lakeville, MN | 69,026 | 116 | 0.9x |
| Eden Prairie, MN | 64,048 | 121 | 1.0x |
| Apple Valley, MN | 55,237 | 112 | 0.9x |
| Minnetonka, MN | 53,809 | 121 | 1.0x |
| Edina, MN | 53,059 | 135 | 1.1x |
| Chaska, MN | 27,461 | 110 | 0.9x |
| Golden Valley, MN | 22,247 | 116 | 0.9x |
| Victoria, MN | 10,361 | 128 | 1.0x |
