Chanhassen, MN vs Woodbury, MN

Chanhassen, MN and Woodbury, MN have a very similar cost of living, with only a 4.3% difference in their overall index. Chanhassen scores 133 while Woodbury 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 $1,827/month in Woodbury — a 4% difference. Interestingly, home values tell a different story: while Chanhassen has cheaper rent, Woodbury actually has lower median home values ($434,900 vs $530,700).

Median household income in Chanhassen is $138,034 compared to $126,222 in Woodbury (+9.4%). 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 17.4% in Woodbury.