Cost of Living in Chanhassen, MN
Population: 26,001 • 2026 Data
$138,034
Median Household Income
+78% vs national
$1,749
Median Monthly Rent
+30% vs national
$530,700
Median Home Value
+57% vs national
3.5%
Unemployment Rate
Housing in Chanhassen
The median home value in Chanhassen, MN is $530,700. Monthly rent for a typical unit averages $1,749, while total monthly housing costs (including utilities and insurance) average $2,038.
Rent-to-income ratio: 15.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Chanhassen, MN is $138,034. The unemployment rate stands at 3.5%, with a labor force of 13,956 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.