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 128, which is 1.3x 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 101.
The standard of living in Chanhassen ranks as #141 most affordable out of the 151 places we measured in Minnesota. By definition, that implies Chanhassen ranks as the #10 most expensive place in the North Star State.
For more reading on life in Chanhassen, check out:
Chanhassen Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Chanhassen. Here is how it fares on each of the criteria:
The Services index in Chanhassen is 97.
The Groceries index in Chanhassen is 99.
The Health index in Chanhassen is 202.
The Housing index in Chanhassen is 95.
The Transportation index in Chanhassen is 98.
The Utilities index in Chanhassen is 97.
| Living Expense | Chanhassen | Minnesota | National Average |
|---|---|---|---|
| Overall | 128 | 101 | 100 |
| Services | 97 | 101 | 100 |
| Groceries | 99 | 99 | 100 |
| Health | 202 | 99 | 100 |
| Housing | 95 | 101 | 100 |
| Transportation | 98 | 103 | 100 |
| Utilities | 97 | 101 | 100 |
Chanhassen Cost Of Living Compared To Minnesota Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Minnesota, check out:
Protect your home budget Compare home warranties in Chanhassen Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Chanhassen is $548,742.
The Median Rent in Chanhassen is $1,831.
The Median Income in Chanhassen is $143,651.
The Home Value To Income in Chanhassen is 3.8x.
The Rent To Monthly Income in Chanhassen is 0.15x.
| Statistic | Chanhassen | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $548,742 | $346,667 | $332,700 |
| Median Rent | $1,831 | $1,280 | $1,413 |
| Median Income | $143,651 | $89,062 | $80,734 |
| Home Value To Income | 3.8x | 3.9x | 4.1x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.21x |
Chanhassen, MN Costs By Category
Detailed Chanhassen Services costs vs. Minnesota
| Item | Chanhassen | Minnesota |
|---|---|---|
| Shampoo | $1.5 | $1.28 |
| Movie | $11.32 | $12.13 |
| Bowling | $25.68 | $18 |
| Haircut | $25.86 | $24.26 |
| Beauty Salon | $37.0 | $45.56 |
Detailed Chanhassen Groceries costs vs. Minnesota
| Item | Chanhassen | Minnesota |
|---|---|---|
| Ground Beef | $5.75 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.6 | $4.67 |
| Potatoes | $4.76 | $4.93 |
| Pizza | $13.0 | $12.09 |
| Beer | $9.44 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Chanhassen Health costs vs. Minnesota
| Item | Chanhassen | Minnesota |
|---|---|---|
| Optometrist | $112.72 | $125.68 |
| Doctor | $164.15 | $135.78 |
| Dentist | $95.01 | $113.29 |
Detailed Chanhassen Transportation costs vs. Minnesota
| Item | Chanhassen | Minnesota |
|---|---|---|
| Gasoline | $3.32 | $3.46 |
| Tire Balancing | $59.91 | $59.92 |
Detailed Chanhassen Utilities costs vs. Minnesota
| Item | Chanhassen | Minnesota |
|---|---|---|
| All Electricity | $180.11 | $193.99 |
| Phone | $187.59 | $192.25 |
Chanhassen SnackAbility
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 124, 1.0x Chanhassen.
Lakeville, 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.
| City | Population | Cost Of Living | Vs. Chanhassen |
|---|---|---|---|
| Plymouth, MN | 79,220 | 124 | 1.0x |
| Lakeville, MN | 74,354 | 122 | 1.0x |
| Maple Grove, MN | 71,173 | 117 | 0.9x |
| Eden Prairie, MN | 63,051 | 128 | 1.0x |
| Apple Valley, MN | 55,679 | 114 | 0.9x |
| Edina, MN | 53,262 | 141 | 1.1x |
| Minnetonka, MN | 53,064 | 127 | 1.0x |
| Chaska, MN | 28,706 | 114 | 0.9x |
| Golden Valley, MN | 21,725 | 122 | 1.0x |
| Victoria, MN | 11,295 | 133 | 1.0x |
