Carver County · Minnesota · Midwest · 26k residents
Chanhassen, MN: economy, jobs & business costs
The site-selection read on Chanhassen: labor costs, talent, corporate tax, energy, and business activity, with the Minnesota median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,471/wk. Minnesota's corporate income tax rate is 9.8%. Commercial electricity averages 12.1¢/kWh.
Compare Chanhassen side by side
Avg. weekly wage
$1,471/wk
Corporate income tax
9.8%
Bachelor's degree or higher
64.1%
Commercial electricity
12.1¢/kWh
Economic momentum
How fast Chanhassen's economy is moving, ranked against the US cities we track.
20/100
Cooling
Ranks Chanhassen's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $566,300 |
| Price per sq. ft. | $200 |
| Property tax rate | 1.05% |
| 1-bedroom rent | $1,561/mo |
| 2-bedroom rent | $1,792/mo |
| State & local income tax | 3.68% |
| Sales tax | 7.5% |
| Corporate income tax | 9.8% |
| Avg. weekly wage | $1,471/wk |
| Bachelor's degree or higher | 64.1% |
| Commercial electricity | 12.1¢/kWh |
| Businesses per 1k residents | 25.3/1k |
| Wage: Software developer | $130,920 |
| Wage: Registered nurse | $103,040 |
| Wage: General manager | $103,570 |
| Wage: Customer service | $49,480 |
| Wage: Warehouse worker | $37,440 |
| Wage: Heavy truck driver | $64,200 |
| Wage: Electrician | $81,890 |
| Wage: Retail salesperson | $36,670 |
| Cost of living index | 115 |
| Groceries index | 100 |
| Utilities | $165/mo |
| Transit pass | $85/mo |
| Gas price | $3.15/gal |
| Healthcare index | 102 |
| Childcare (per child) | $1,350/mo |
| Median household income | $143,651 |
| Unemployment rate | 2.9% |
| Population | 26k |
| Crime index | 40/100 |
| School rating | 7.0/10 |
| Walkability | 30/100 |
| Disaster risk | 60/100 |
| Avg. commute | 24 min |
| Sunny days / year | 195 days |
| July high | 81°F |
| January low | 6°F |
| Annual snowfall | 55 in |
| Home price YoY | +1.8% |
| Home price MoM | +0.3% |
| Rent YoY | — |
| Rent MoM | +1.1% |
| Employment (jobs) YoY | -0.6% |
| Building permits YoY | — |
| Ocean coast | 1031 mi |
| Big lake | 4 mi |
| Mountains | 482 mi |
| Major airport | 15 mi |
| Ski resort | 143 mi |
Popular comparisons
Nearby
- Minnetonka, MN · 53k
- Eden Prairie, MN · 63k
- Hopkins, MN · 19k
- Chaska, MN · 29k
- Shakopee, MN · 46k
Similar size
- Winona, MN · 26k
- Austin, MN · 26k
- Owatonna, MN · 26k
- Shoreview, MN · 27k
- Elk River, MN · 27k
Real listings in Chanhassen
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Chanhassen a good place to run a business?
- Minnesota's corporate income tax rate is 9.8%; average weekly wages in the surrounding labor market run $1,471/wk; commercial electricity averages 12.1¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Chanhassen, MN?
- Chanhassen indexes at 115 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,792/mo and a acs median home value of $566,300.
- How much does a house cost in Chanhassen?
- The acs median home value in Chanhassen is $566,300 (Census ACS estimate; individual listings vary).
- How much is rent in Chanhassen?
- A two-bedroom in Chanhassen rents for about $1,792/mo.