Chanhassen named BEST place to live in the U.S. according to Money Magazine
Money Magazine has named Chanhassen the best place to live in the United States. According to the magazine, U.S. cities were ranked by taking into consideration affordability, economic growth and quality of life.
Chanhassen is home to just under 27,000 people and a current unemployment rate of only 3.6%. It is now considered one of the pricier Twin City Suburbs with a median home price of $401,400 in 2020 and median household income of $125,400. Overall, this puts the city ahead of the pack with Carmel, IN and Franklin, TN coming in at second and third best places to live.
The magazine did choose its list from cities with populations fewer than half a million that met baselines related to diversity, median income and crime. Then it looked at other quality of life factors like cost of living, amenities and education. Chanhassen in home to the late and great musician, Prince, and his impressive home/studio, which has now been transformed into a museum honoring the legendary artist. Other landmarks include the Chanhassen Dinner Theater, Lake Minnetonka, the Minnesota Landscape Arboretum, many other lakes, trails, and dog parks.
As for the future of the city, the population is expected to grow to 32,000 in the next decade as the city is keeping up with demand by issuing housing unit permits. Other Minnesota cities that made the list include Woodbury coming in at 29th and Rosemount coming in at 32nd. Overall, Minnesota is a beautiful state and there is always such a strong pride shown by the citizens that live here by keeping it so pristine.