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: $481500
• 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 110.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $131633

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Chanhassen, MN, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.