Is Raleigh, NC cheaper than Chanhassen, MN?

Based on cost of living data, Raleigh, NC is 4.4% cheaper than Chanhassen, MN. This translates to saving $326 per month.

What salary do I need in Raleigh, NC to live like I do in Chanhassen, MN?

If you earn $150,000 in Chanhassen, MN, you'd need approximately $146,082.206 in Raleigh, NC to maintain the same standard of living.

How does housing cost compare between Chanhassen, MN and Raleigh, NC?

Housing in Raleigh, NC is 4.1% more expensive than in Chanhassen, MN. For a two-bedroom apartment, rent is $1,800/month in Raleigh, NC compared to $1,684/month in Chanhassen, MN.

How much can I save per month by moving from Chanhassen, MN to Raleigh, NC?

Moving from Chanhassen, MN to Raleigh, NC could save you approximately $326 per month, or $3918 per year, based on a $150,000 salary.

Chanhassen, MN vs Raleigh, NC: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Chanhassen, MN — ZIP-level rent data · COL adjusted from Minneapolis, MN area

Current salary in Chanhassen, MN

Numbers update automatically as you type

You'd save $326/month moving to Raleigh, NC

$150.0K in your current city equals $146.1K in Raleigh, NC

Rent data from HUD ZIP-level estimates · COL index from Minneapolis-St. Paul-Bloomington, MN-WI area

Overall Cost

↓ 4.4%

Less expensive

Monthly Impact

$326

Savings

Annual Impact

$3.9K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Chanhassen, MN

Population:26K

Cost Index:100

Median Home:$507K

Raleigh, NC

Population:474K

Cost Index:96

Median Home:$512K

Chanhassen, MN

The North Star State

26K

Population

State Tax

Yes

Located in Minnesota, this city has a population of 26K residents.

Raleigh, NC

The Tar Heel State

474K

Population

State Tax

Yes

Climate

Humid subtropical

Notable Facts

•Research Triangle
•State capital
•Major university town

Major Industries

TechnologyResearchEducationGovernment

Cost Breakdown by Category

Annual spending: Chanhassen, MN vs Raleigh, NC

Category	Chanhassen, MN	Raleigh, NC	Difference	Change
🏥Healthcare	$732/mo	$601/mo	↓ $131less	18.0%
🏠Housing	$2,372/mo	$2,469/mo	↑ $96.85more	4.1%
⚡All Utilities	$492/mo	$546/mo	↑ $53.99more	11.0%
📦Other	$1,666/mo	$1,707/mo	↑ $41.24more	2.5%
🛒Groceries	$997/mo	$959/mo	↓ $38.08less	3.8%
🚗Transportation	$1,296/mo	$1,284/mo	↓ $11.50less	0.9%

🏥Healthcare

↓ 18.0%

Chanhassen, MN

$732

Raleigh, NC

$601

Difference

$131

less

🏠Housing

↑ 4.1%

Chanhassen, MN

$2,372

Raleigh, NC

$2,469

Difference

$96.85

⚡All Utilities

↑ 11.0%

Chanhassen, MN

$492

Raleigh, NC

$546

Difference

$53.99

📦Other

↑ 2.5%

Chanhassen, MN

$1,666

Raleigh, NC

$1,707

Difference

$41.24

🛒Groceries

↓ 3.8%

Chanhassen, MN

$997

Raleigh, NC

$959

Difference

$38.08

less

🚗Transportation

↓ 0.9%

Chanhassen, MN

$1,296

Raleigh, NC

$1,284

Difference

$11.50

less

🏠Rent Comparison

Studio

From$1,221

To$1,570

↑ $349

1 Bed

From$1,381

To$1,640

↑ $259

2 Bed

From$1,684

To$1,800

↑ $116

3 Bed

From$2,227

To$2,255

↑ $28.00

Chanhassen, MNZIP-level data

1BR range: $1,730–$1,730/mo

Raleigh, NCZIP-level data

1BR range: $1,400–$1,880/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,556

Monthly in Chanhassen, MN

$7,567

Monthly in Raleigh, NC

$11.01

Difference

Home Values

Chanhassen

Raleigh

$507K

Median Value

$512K

↑ +0.6%

YoY Change

↓ -0.5%

↑ +22.1%

5-Year Change

↑ +38.2%

$507K

Price Range

$314K - $992K

Homes in Raleigh are 1% more expensive than Chanhassen

Calculate payment - Chanhassen Calculate payment - Raleigh

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $3.3K

Per year

Monthly Difference

$276

More take-home

Effective Rate Diff

2.2%

Rate difference

Chanhassen, MN

Federal Income Tax

Effective: 18.9%

$25.5K

Minnesota State Tax

Effective: 7.0%

$10.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.6%

$47.4K

Take-Home Pay

$8,546/month

$102.6K

Raleigh, NC

Federal Income Tax

Effective: 18.9%

$25.5K

North Carolina State Tax

Effective: 4.8%

$7.1K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.4%

$44.1K

Take-Home Pay

$8,822/month

$105.9K

Additional Tax Information

Chanhassen, MN Tax Rates

Sales Tax:8.0%

Property Tax:1.1%

Raleigh, NC Tax Rates

Sales Tax:7.1%

Property Tax:0.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.