Chanhassen, MN vs Eden Prairie, MN

Chanhassen, MN and Eden Prairie, MN have a very similar cost of living, with only a 4% difference in their overall index. Chanhassen scores 133 while Eden Prairie scores 128 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 Chanhassen is $1,749/month compared to $1,761/month in Eden Prairie — a 1% difference. Interestingly, home values tell a different story: while Chanhassen has cheaper rent, Eden Prairie actually has lower median home values ($463,300 vs $530,700).

Median household income in Chanhassen is $138,034 compared to $127,732 in Eden Prairie (+8.1%). 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 Chanhassen spend roughly 15.2% of their income on rent, less than the 16.5% in Eden Prairie.