Cost of Living in Chanhassen, MN
Housing
The housing market plays a significant role in determining the cost of living in Chanhassen, MN.
- Housing Index: 120.0 / 100
- Median Home Price is: $481,500
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1856 per month
Considering a move to Chanhassen, MN? The housing index stands at 120.0, indicating above-average housing costs compared to national trends. The median home price is hefty at 481500, suggesting a competitive market for buyers. If renting is more appealing, be prepared to pay around 1800 for a 2-bedroom apartment or 1856 for a 2-bedroom house. Additionally, prospective residents should consider local amenities, school district rankings, and job availability, as they significantly impact overall living experience and property value in the area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Chanhassen, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Chanhassen, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Chanhassen is a financially viable option for your relocation.