Chaska, Minnesota Income Statistics
Chaska Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
A
Chaska Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Chaska | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $108,985 | $89,852 | $80,455 |
| Median Personal Income | $74,451 | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.5% | 4.4% | 4.8% |
| Six-Figure Earners | 22.3% | 15.1% | 13.9% |
| $200k+ Households | 20.8% | 13.8% | 13.2% |
The median household income in Chaska is about 21% higher than in Minnesota. Income has been growing faster in Chaska (4.5%/yr) than in Minnesota (4.4%/yr).
About 22% of adults in Chaska earn six figures ($100,000 or more) a year, higher than the Minnesota average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Chaska, Minnesota grew by 60.8% from 2009 to 2024, reaching $108,985 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in Chaska
| Metric | Chaska | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.487 | 0.507 | 0.552 |
| Male Median Income | $90,046 | $74,898 | $69,667 |
| Female Median Income | $68,570 | $62,922 | $56,850 |
| Gender Pay Gap | 23.8% | 16.0% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Chaska, it is 0.487, lower than Minnesota's 0.507, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 31% more than women's income in Chaska, Minnesota. Over a 35-year career, a 31% wage gap accumulates to roughly $751,660 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Chaska, Minnesota has narrowed from about 31% to 24% in 2024. Over that period the gap was widest at 34% in 2012. In dollar terms, the gap has widened by $3,989 since 2009.
Employment
| Metric | Chaska | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 4.1% | 5.2% |
| Working from Home | 19.9% | 17.6% | 15.0% |
| Commute time (minutes) | 20 | 20 | 22 |
Approximately 527 people are unemployed in Chaska, Minnesota.
The average commute time in Chaska is 20 minutes, about the same as in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Chaska, Minnesota has fallen from 4.5% to 3.2% in 2024. Over that period the rate peaked at 5.1% in 2013 and fell as low as 1.7% in 2017.
Chaska, MN Wealth Compared With Nearby Cities
How Chaska, MN compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Chaska, MN | 28,048 | $108,985 #2/2 | 4.5%/yr #1/2 | 3.2% #1/2 | 0.487 #1/2 |
| Chanhassen, MN | 26,585 | $144,790 | 3.0%/yr | 3.3% | 0.500 |
Conclusion
Considering all these factors, Chaska, Minnesota has an overall wealth index grade of A, making it somewhat better than Minnesota, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Chaska, Minnesota.
How Rich Is Chaska, Minnesota?
Chaska has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $108,985, about 21% higher than the Minnesota average of $89,852.
How has median household income changed in Chaska, Minnesota?
Between 2009 and 2024, the median household income in Chaska, Minnesota rose 61%, from $67,756 to $108,985. Over the same years, income here outpaced Minnesota as a whole: +61% against +57%.
What was the median household income in Chaska in 2023?
In 2023, the median household income in Chaska, Minnesota was $109,540, up 11% from $98,439 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Chaska in 2020?
In 2020, the median household income in Chaska, Minnesota was $86,718. By 2024 it had risen 26% to $108,985.
How many people earn six figures in Chaska, Minnesota?
Yes. 22% of adults in Chaska, Minnesota earn $100,000 or more a year (about 1 in 4), against 15% (about 1 in 7) in Minnesota. 21% of households have a combined income of $200,000 or more, compared with 14% in Minnesota.
What is the Gini coefficient in Chaska, Minnesota?
The Gini coefficient in Chaska is 0.487. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Chaska, Minnesota?
Since 2009, the income gap between men and women in Chaska, Minnesota has narrowed from about 31% to 24% in 2024. Over that period the gap was widest at 34% in 2012. In dollar terms, the gap has widened by $3,989 since 2009.
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