Cost of Living in Chanhassen, MN
Population 26,001 · Minnesota · Data vintage 2023
(100 = US avg)
The Chanhassen cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $531,000, rents near $1,749 a month.
Located 15 miles west of Minneapolis, Chanhassen falls within that metro's commuting orbit. Median home values run roughly 54% higher than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Chanhassen
The median home value in Chanhassen is $530,700 — 74% above the national median of $305,000. Median rent runs $1,749/month, 33% higher than the national median of $1,314/month. The median household income of $138,034/year is 85% higher than the US median of $74,580. The local unemployment rate is 3.5%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Chanhassen has a cost of living index of 158 versus the US average of 100, meaning it is 58% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Chanhassen, MN?
Chanhassen has a cost index of 158 (100 = national average). It is 58% above the national average.
What is average rent in Chanhassen, MN?
The median gross rent in Chanhassen is $1,749 per month based on 2023 Census data.
What is the average home price in Chanhassen?
The median home value in Chanhassen is $530,700 according to Zillow and Census data.
What is the median income in Chanhassen?
The median household income in Chanhassen is $138,034 per year (2023 ACS 5-year estimates).
What is the sales tax in Chanhassen, MN?
The combined state and local sales tax rate in Chanhassen is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Chanhassen, MN affordable?
Chanhassen is above average in cost of living, with an index of 158 — about 58% higher than the national average.
Chanhassen at a Glance
- Population
- 26,001
- Median Income
- $138,034
- Home Value
- $530,700
- Median Rent
- $1,749/mo
- Unemployment
- 3.5%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
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