Champlin, MN vs Minnetonka, MN

Champlin is moderately more affordable than Minnetonka, with a 11.4% lower cost of living index. Champlin scores 113 compared to 127 for Minnetonka, where the US average is 100. This difference means residents of Minnetonka can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Champlin is $1,597/month compared to $1,758/month in Minnetonka — a 9% difference. Home values follow the same pattern: Champlin is more affordable at $338,400 median vs $456,200.

Median household income in Champlin is $115,719 compared to $120,496 in Minnetonka (-4%). Minnetonka does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Champlin spend roughly 16.6% of their income on rent, less than the 17.5% in Minnetonka.