Cost of Living: Chanhassen, MN vs New albin, IA

Housing

The housing market plays a significant role in determining the cost of living.

Metric Chanhassen New albin
Housing Index 120.0 Data is updating
Median Home Price $481,500 $145,000
Average Rent (2 BR Apartment) $1800 $Data is updating
Average Rent (2 BR House) $1856 $Data is updating

Housing Comparison: Chanhassen vs New albin

  • In Chanhassen, the median home price is higher at $481,500, while in New albin it is $145,000.
  • The rent for a two-bedroom apartment is equal in both Chanhassen and New albin at $1,800.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.

Metric Chanhassen New albin
Electricity Price $16.38 $14.82
Natural Gas Price $14.87 $15.61
Other Utilities $250 $Data is updating

Utilities Comparison: Chanhassen vs New albin

  • Electricity costs are higher in Chanhassen at $16.38 per kWh, compared to $14.82 in New albin.
  • New albin experiences higher natural gas costs at $15.61 per unit, with costs at $14.87 in Chanhassen.
  • Utility expenses are equal in both Chanhassen and New albin averaging $250.