Cost of Living in Chanhassen, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
183.2
100 = national avg
+83.2 vs national average
Living Wage (1 Adult)
$80,597
per year
Living Wage (Family of 4)
$190,501
per year
Cost Index by Category
Housing225.0
Food155.5
Transportation127.9
Healthcare144.4
Utilities158.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Chanhassen is 183.2, which is 83.2% above the national average. Housing costs are above the national average at an index of 225.0. A single adult needs to earn approximately $80,597 per year to cover basic expenses.