Cost of Living: Chanhassen, MN vs Phoenix, AZ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,119/mo in Chanhassen, MN versus $4,370/mo in Phoenix, AZ. In the model, rent is about 25.49% of gross in Chanhassen, MN versus 21.24% in Phoenix, AZ, so Phoenix, AZ tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Chanhassen, MN and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Chanhassen, MN
- Lower rent (median 1BR/2BR): Phoenix, AZ
- Lower home prices: Phoenix, AZ
- Higher median household income: Chanhassen, MN
Cost of Living Index
Chanhassen, MN: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Chanhassen, MN has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Chanhassen, MN: $1,662/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Chanhassen, MN is $277/mo higher than in Phoenix, AZ.
Median Home Price
Chanhassen, MN: $530,700 · Phoenix, AZ: $381,900
Median home price in Chanhassen, MN is $148,800 higher than in Phoenix, AZ.
Median Household Income
Chanhassen, MN: $138,034 · Phoenix, AZ: $77,041
Chanhassen, MN has a higher median household income than Phoenix, AZ by $60,993.
Chanhassen, MN overview · Phoenix, AZ overview · Popular comparisons