Chanhassen, MN Cost Of Living

Demographics | Cost Of Living | Photos
Updated: 2020-03-08
Chanhassen's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Chanhassen is expensive, while a number below 100 means it's a relatively cheap place to live.

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 only Minnesota, Chanhassen has a cost of living index that's 1.2x higher than Minnesota's index of 104.

The standard of living in Chanhassen ranks as #5047 most affordable out of the 6522 places we measured in Minnesota. By definition, that implies Chanhassen ranks as the #1359 most expensive place in the North Star State.

For more reading on life in Chanhassen, check out:

Chanhassen Cost Of Living Vs. Minnesota

Living Expense Chanhassen Minnesota National Average
Overall 125 104 100
Services 113 109 100
Groceries 103 106 100
Health 103 110 100
Housing 167 100 100
Transportation 104 100 100
Utilities 97 98 100
For more reading on cost of living around Minnesota, check out:
Chanhassen Cost of Living Vs. MN

Chanhassen, MN Housing Cost Breakdown

Housing swings affordability the most between places in Minnesota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Chanhassen Minnesota United States
Median Home Value $378,200 $211,800 $204,900
Median Rent $1,272 $944 $1,023
Median Income $118,885 $68,411 $60,293
Home Value To Income 3.2x 3.1x 3.4x
Rent To Monthly Income 0.13x 0.17x 0.2x

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Cost Of Living In Cities Around Chanhassen

City Population Cost Of Living Vs. Chanhassen
Plymouth, MN 77,213 122 1.0x
Maple Grove, MN 69,571 117 0.9x
Eden Prairie, MN 63,900 123 1.0x
Lakeville, MN 62,489 116 0.9x
Minnetonka, MN 52,546 121 1.0x
Apple Valley, MN 51,931 110 0.9x
Edina, MN 51,136 135 1.1x
Chaska, MN 25,998 112 0.9x
Golden Valley, MN 21,364 116 0.9x
Victoria, MN 9,032 129 1.0x

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