Chaska, Minnesota Cost Of Living

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Overall 11%

Goods & Services 10%

Housing 25%

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	111	103	100
Goods & Services	110	108	100
Groceries	102	104	100
Health care	98	107	100
Housing	125	100	100
Transportation	106	99	100
Utilities	97	97	100

Key findings

The cost of living in Chaska is 8% higher than the Minnesota average
The cost of living in Chaska is 11% 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 117% higher than the national average

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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	$96,862	$8,072	$2,260	$2,906
Renters	$49,939	$4,162	$1,165	$1,498

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 $96,862. This indicates that a monthly maximum of $2,260 should be spent by homeowners on all housing related costs. Renters have a median income of $49,939. This indicates that renters would have a maximum of $1,165 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	$24.99	$20.27	23.3%
Beauty Salon	$35.26	$40.39	12.7%
Toothpaste	$3.35	$2.36	41.9%
Shampoo	$1.11	$1.08	3.4%
Movie	$9.80	$10.99	10.8%
Bowling	$28.70	$15.49	85.3%

Groceries

Item	Chaska	National avg.	Difference
Ground Beef	$4.25	$4.30	1.2%
Fried Chicken	$2.02	$1.40	44.1%
Milk	$2.52	$2.20	14.4%
Potatoes	$3.23	$3.22	0.4%
Pizza	$13.00	$10.74	21.1%
Beer	$9.02	$9.60	6.0%

Health Care

Item	Chaska	National avg.	Difference
Optometrist	$90.04	$109.73	17.9%
Doctor	$145.70	$118.34	23.1%
Dentist	$87.08	$100.94	13.7%
Ibuprofen	$10.75	$9.93	8.2%
Lipitor	$439.28	$469.53	6.4%

Housing

Item	Chaska	National avg.	Difference
Home Price	$243,700.00	$184,700.00	31.9%
Avg. Mortgage Payment	$1,209.19	$1,229.62	1.7%
Apartment Rent	$1,020.00	$949.00	7.5%

Transportation

Item	Chaska	National avg.	Difference
Gasoline	$2.67	$2.71	1.5%
Tire Balancing	$61.39	$51.86	18.4%

Utilities

Item	Chaska	National avg.	Difference
All Electricity	$162.80	$170.84	4.7%
Phone	$184.36	$187.18	1.5%

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	4,298	98	1.5%
Robbinsdale, MN	14,382	101	1.0%
Belle Plaine, MN	6,892	96	4.3%
Cologne, MN	1,655	105	5.1%
Maple Plain, MN	1,812	106	5.9%
Chaska, MN	25,078	111	11.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Baldwin, NY	25,071	145	45.4%
Maple Valley, WA	25,093	141	40.9%
Lockport, IL	25,096	104	4.0%
Edwardsville, IL	25,044	95	4.8%
Balch Springs, TX	25,043	91	9.3%
Chaska, MN	25,078	111	11.2%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.