Chanhassen, MN Economy


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Chanhassen, MN is an attractive area for many people due to its high quality of life. The average rent for a two bedroom apartment is $1,630 which is slightly higher than the U.S. average at $1,430. Additionally the Grocery Cost Index in Chanhassen is 106 compared to 100 in the U.S., indicating that groceries are slightly more expensive in Chanhassen than the national average. This could be due to its proximity to major business centers such as St. Paul and Minneapolis, which are both home to numerous Fortune 500 companies including Target Corporation, UnitedHealth Group, Ecolab Incorporated and Best Buy Company Incorporated. All these factors make Chanhassen an ideal location for those who want access to larger cities while still enjoying a quieter lifestyle with a lower cost of living than many other parts of the country.

Chanhassen has an unemployment rate of 3.7%. The US average is 6.0%.

Chanhassen has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.

Tax Rates for Chanhassen
- The Sales Tax Rate for Chanhassen is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Chanhassen is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Chanhassen
- The average income of a Chanhassen resident is $61,907 a year. The US average is $37,638 a year.
- The Median household income of a Chanhassen resident is $123,566 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChanhassen, MinnesotaUnited States
  Population by Occupation
Reviews for Chanhassen
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Over 12 years ago

When we moved to Chan in 1996, I was doubtful about the term "Minnesota nice." We moved there from Michigan, where I was a very happy stay at home mom. We ended up  More

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