Arden Hills, MN vs Chanhassen, MN

Arden Hills, MN and Chanhassen, MN have a very similar cost of living, with only a 4.4% difference in their overall index. Arden Hills scores 127 while Chanhassen scores 133 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Arden Hills is $1,847/month compared to $1,749/month in Chanhassen — a 6% difference. Interestingly, home values tell a different story: while Chanhassen has cheaper rent, Arden Hills actually has lower median home values ($423,800 vs $530,700).

Median household income in Arden Hills is $128,668 compared to $138,034 in Chanhassen (-6.8%). While Chanhassen is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Arden Hills spend roughly 17.2% of their income on rent, more than the 15.2% in Chanhassen.