Chanhassen, MN
Population 26,001 · Minnesota
About Chanhassen, MN
Chanhassen is a mid-sized city located in Minnesota with a population of 26,001 residents according to the latest US Census Bureau American Community Survey data. The median household income is $138,034 per year, which is 84% above the national median of $75,149. The median age of 40.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Chanhassen features a median home value of $530,700, which is 117% above the national median of $244,900. This places Chanhassen in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,749, 50% above the national average of $1,163/month. Of the 10,092 total housing units, 84% are owner-occupied (8,111 units) and 16% are renter-occupied (1,496 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Chanhassen shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Chanhassen have an average one-way commute time of 22.1 minutes.
Education & Demographics
64.4% of Chanhassen residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.5% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 1.7% Asian residents, with 8.5% of the population being foreign-born.
How Chanhassen Ranks in Minnesota
Cost of Living in Chanhassen, MN
Compared to national averages, Chanhassen has a median household income of $138,034 (84% above the national median of $75,149). Home values average $530,700, which is 117% above the national median. Monthly rent at $1,749 is 50% above the US average of $1,163. Within Minnesota, Chanhassen's income is 86% above the state average of $74,221, and home values are 160% above the state median of $204,472.
Why Live in Chanhassen, MN?
Chanhassen offers a strong local economy with a median household income of $138,034, well above the national average, and a strong job market with an unemployment rate of just 3.5%, and a well-educated community where 64.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.8%, better than the national average, and short commute times averaging just 22.1 minutes.
Potential considerations include a competitive housing market where the typical home costs $530,700. However, Chanhassen’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Chanhassen has a population of 26,001 with a median age of 40.9 years. Compare Chanhassen with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Chanhassen
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Winona | 25,998 | $56,163 | $193,500 | Compare |
| Austin | 26,167 | $66,488 | $155,100 | Compare |
| Elk River | 26,367 | $99,457 | $338,300 | Compare |
| Owatonna | 26,462 | $81,276 | $234,600 | Compare |
| Rosemount | 26,509 | $127,247 | $406,100 | Compare |
| Shoreview | 26,724 | $109,399 | $365,100 | Compare |
| Faribault | 24,458 | $61,662 | $233,900 | Compare |
| Prior Lake | 27,832 | $130,278 | $429,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Chanhassen With Other Cities
Frequently Asked Questions about Chanhassen
What is the population of Chanhassen, MN?
The population of Chanhassen, MN is 26,001 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Minnesota.
What is the median household income in Chanhassen?
The median household income in Chanhassen, MN is $138,034 per year, which is 84% above the national median of $75,149.
What is the median home value in Chanhassen?
The median home value in Chanhassen, MN is $530,700, which is 117% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Chanhassen?
The median monthly rent in Chanhassen, MN is $1,749, which is 50% above the national average of $1,163/month.
What is the unemployment rate in Chanhassen?
The unemployment rate in Chanhassen, MN is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Chanhassen, MN a good place to live?
Chanhassen offers above-average incomes, a competitive housing market, and a strong job market. With a population of 26,001 and a median age of 40.9, the city appeals to a broad range of residents.
How educated is Chanhassen, MN?
64.4% of residents in Chanhassen aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Chanhassen?
Key cost-of-living indicators for Chanhassen, MN: median home value is $530,700 (117% above national), median rent is $1,749/month, and median household income is $138,034. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Chanhassen?
The poverty rate in Chanhassen, MN is 2.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Chanhassen, MN?
Chanhassen's population is 1.5% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 1.7% Asian, and 1.4% two or more races. 8.5% of residents are foreign-born.