salaryRent is higher than in 88% of U.S. cities. Household incomes are higher than in 91% of U.S. cities. A typical house costs about 3.7 years of household income. Most homes (84.1%) are owned, so rentals can be hard to find. It is a highly educated city: 64.1% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $104,240 a year. That is $50 an hour at a full-time job.
Is rent cheaper than other Minnesota cities?
No. Rent here is more expensive than in most of Minnesota. It is number 146 of 150 cities from cheapest to most expensive.
How much do households earn in Chanhassen?
Share of households by yearly income. 56.9% of households earn $100,000 or more.
Rent by apartment size in Chanhassen
| Size | Chanhassen | U.S. average |
|---|---|---|
| Studio | $1,973 | $1,338 |
| 1 bedroom | $1,726 | $1,324 |
| 2 bedrooms | $1,982 | $1,509 |
| 3 bedrooms | $2,701 | $1,698 |
| 4 bedrooms | $2,667 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Chanhassen overall?
Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Chanhassen, so the Minnesota figure is shown.
Taxes and bills in Chanhassen
Life in Chanhassen
Is it cheaper to rent or buy in Chanhassen?
Renting is cheaper right now: about $1,323 a month less.
Owning assumes a typical $566,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $56,630 for the down payment.
Frequently asked questions
What is the average rent in Chanhassen, MN?
Renting in Chanhassen costs a median of about $2,606 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Chanhassen?
To keep rent under 30% of income, you need about $104,240 a year, or $50 an hour at a full-time job.
Is Chanhassen cheap or expensive?
Chanhassen is rated OK: rent takes 20.2% of the typical household income of $154,928. It ranks 146th cheapest of 150 Minnesota cities we track.
How much are property taxes in Chanhassen?
The median homeowner in Chanhassen pays $5,383 a year in property taxes, about 0.95% of the median home value.
Is Chanhassen more expensive than the national average?
Overall prices in Minnesota are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Chanhassen?
The median home value in Chanhassen is $566,300, about 3.7 times the typical yearly household income.
26,006 people live in Chanhassen. Numbers are typical (middle) values.