Cost of Living: Chanhassen, MN vs Germantown, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Chanhassen | Germantown |
|---|---|---|
| Housing Index | 120.0 | 90.0 |
| Median Home Price | $481,500 | $401,000 |
| Average Rent (2 BR Apartment) | $1800 | $1400 |
| Average Rent (2 BR House) | $1856 | $1500 |
Housing Comparison: Chanhassen vs Germantown
- In Chanhassen, the median home price is higher at $481,500, while in Germantown it is $401,000.
- Renting a two-bedroom apartment costs more in Chanhassen at $1,800 than in Germantown at $1,400.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Chanhassen | Germantown |
|---|---|---|
| Electricity Price | $16.38 | $12.57 |
| Natural Gas Price | $14.87 | $12.35 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Chanhassen vs Germantown
- Electricity costs are higher in Chanhassen at $16.38 per kWh, compared to $12.57 in Germantown.
- Natural gas is more expensive in Chanhassen at $14.87 per unit, while it is cheaper at $12.35 in Germantown.
- Utility expenses are equal in both Chanhassen and Germantown averaging $250.