Chanhassen, MN vs Oak Grove, MN

Chanhassen, MN and Oak Grove, MN have a very similar cost of living, with only a 1.5% difference in their overall index. Chanhassen scores 133 while Oak Grove scores 131 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 $2,052/month in Oak Grove — a 15% difference. Interestingly, home values tell a different story: while Chanhassen has cheaper rent, Oak Grove actually has lower median home values ($394,100 vs $530,700).

Median household income in Chanhassen is $138,034 compared to $114,679 in Oak Grove (+20.4%). 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 21.5% in Oak Grove.