Cost of Living in Mankato, MN
Population: 44,882 • 2026 Data
$64,826
Median Household Income
-16% vs national
$1,089
Median Monthly Rent
-19% vs national
$250,600
Median Home Value
-26% vs national
4.8%
Unemployment Rate
Housing in Mankato
The median home value in Mankato, MN is $250,600. Monthly rent for a typical unit averages $1,089, while total monthly housing costs (including utilities and insurance) average $1,130.
Rent-to-income ratio: 20.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Mankato, MN is $64,826. The unemployment rate stands at 4.8%, with a labor force of 26,452 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.