Chaska, Minnesota Cost Of Living

D-

9%

Overall NAT. AVG.

5%

Goods & Services NAT. AVG.

25%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Chaska	Minnesota	National
Cost of living	109	102	100
Goods & Services	105	104	100
Groceries	95	101	100
Health care	102	112	100
Housing	125	100	100
Transportation	104	99	100
Utilities	100	98	100

New Real Estate Listings in Chaska Area

For Sale For Rent

Search

Search Homes for Sale in Chaska, MN

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Chaska is 7% higher than the Minnesota average
The cost of living in Chaska is 9% higher than the national average
Chaska housing is 25% higher than the national average
Minnesota general sales tax is 35% higher than the national average
Minnesota state income tax is 137% higher than the national average

Most Affordable Places to Live in and Around Chaska

See all the best places to live around Chaska

Compare Chaska, MN Cost of Living

Write a review to give others more information about this area.

See all Chaska poll results

The best places in Minnesota

Here are the best places to live in Minnesota

Check out the 10 safest cities in Minnesota

Top 10 cities in Minnesota with the best education system

10 best cities to buy a new house in Minnesota

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$121,121	$10,093	$2,826	$3,634
Renters	$49,845	$4,154	$1,163	$1,495

The affordability of the housing market in Chaska, MN as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Chaska homeowners, the median income is $121,121. This indicates that a monthly maximum of $2,826 should be spent by homeowners on all housing related costs. Renters have a median income of $49,845. This indicates that renters would have a maximum of $1,163 for their rent related monthly costs.

Minnesota Sales Tax

State	General Sales Tax	With Max Surtax
Minnesota	6.875%	7.875%

Minnesota Income Tax

State	Income Tax (Low)	Income Tax (High)
Minnesota	5.35%	9.85%

Goods & Services

Item	Chaska	National avg.	Difference
Haircut	$25.41	$22.08	15.1%
Beauty Salon	$37.88	$42.88	11.7%
Toothpaste	$3.26	$2.57	27.0%
Shampoo	$1.17	$1.15	1.1%
Movie	$11.04	$11.51	4.0%
Bowling	$31.35	$16.62	88.7%

Groceries

Item	Chaska	National avg.	Difference
Ground Beef	$4.61	$4.98	7.5%
Fried Chicken	$1.95	$1.58	23.1%
Milk	$2.28	$2.42	5.6%
Potatoes	$3.18	$3.54	10.2%
Pizza	$13.06	$11.49	13.7%
Beer	$9.02	$10.04	10.2%

Health Care

Item	Chaska	National avg.	Difference
Optometrist	$100.90	$117.76	14.3%
Doctor	$161.06	$125.34	28.5%
Dentist	$88.15	$107.52	18.0%
Ibuprofen	$10.73	$10.26	4.6%
Lipitor	$458.00	$459.24	0.3%

Housing

Item	Chaska	National avg.	Difference
Home Price	$290,300.00	$184,700.00	57.2%
Avg. Mortgage Payment	$1,576.23	$1,697.41	7.1%
Apartment Rent	$1,160.00	$949.00	22.2%

Transportation

Item	Chaska	National avg.	Difference
Gasoline	$3.94	$3.85	2.5%
Tire Balancing	$62.08	$57.01	8.9%

Utilities

Item	Chaska	National avg.	Difference
All Electricity	$176.95	$177.27	0.2%
Phone	$188.30	$189.62	0.7%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Watertown, MN	4,473	96	3.9%
Robbinsdale, MN	14,393	99	1.4%
Belle Plaine, MN	7,137	97	3.3%
Cologne, MN	2,199	103	2.7%
Maple Plain, MN	1,737	104	3.6%
Chaska, MN	26,753	109	8.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Xenia, OH	26,751	86	14.1%
Twentynine Palms, CA	26,748	99	1.3%
Sanger, CA	26,744	107	6.7%
West Linn, OR	26,764	134	34.5%
Colleyville, TX	26,766	134	34.4%
Chaska, MN	26,753	109	8.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.