Champlin, MN vs Shakopee, MN

Champlin, MN and Shakopee, MN have a very similar cost of living, with only a 1.1% difference in their overall index. Champlin scores 113 while Shakopee scores 111 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 Champlin is $1,597/month compared to $1,495/month in Shakopee — a 7% difference. Interestingly, home values tell a different story: while Shakopee has cheaper rent, Champlin actually has lower median home values ($338,400 vs $361,400).

Median household income in Champlin is $115,719 compared to $110,989 in Shakopee (+4.3%). While Champlin is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Champlin spend roughly 16.6% of their income on rent, more than the 16.2% in Shakopee.