Median Income
$61,726
household / year
Median Home Value
$236,200
owner-occupied
Median Rent
$1,023
gross / month
Cost of Living
88
national avg = 100

Is Mankato, MN a Good Place to Live?

Mankato is a small city of 44,444 in Minnesota, with a median household income of $61,726 and a 4.2% unemployment rate. Its cost of living index is 88 (US average = 100), which is 12% below the national average.

Strengths: Mankato stands out for an affordable cost of living, below-average home prices, lower-than-average crime, solid school ratings (B), a well-educated population, short average commutes.

Trade-offs: No major red flags stand out in the available data. Whether Mankato is right for you depends on your priorities — the full breakdown is below.

All Mankato city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 87.6

Mankato's overall cost of living index is 87.6, where 100 represents the US national average. Living in Mankato costs roughly 12% less than the average American city.

Metric Mankato, MN National Avg
Median Home Value $236,200 $244,900
Median Monthly Rent $1,023 $1,163
Homeownership Rate 49.6% 65.9%
Median Household Income $61,726 $74,755

Crime & Safety

Safer than Average

Mankato's violent crime rate is 255.8 per 100,000 residents — 33% lower than the national average of ~380 per 100,000.

Violent Crime
255.8 /100k
Property Crime
2609.6 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Mankato is served primarily by MANKATO PUBLIC SCHOOL DISTRICT. The student-to-teacher ratio is 15.6:1 (better than the national average of ~16:1).

Metric Mankato, MN National Avg
School District MANKATO PUBLIC SCHOOL DISTRICT —
Elementary Schools 10 —
Middle Schools 3 —
High Schools 9 —
Student/Teacher Ratio 15.6:1 16:1
Bachelor's Degree or Higher 37.6% 35.4%
High School Diploma or Higher 93.6% 91.1%

Weather & Climate

Mankato sees average highs of 23.7°F in January and 81.9°F in July, with 36.4 inches of annual precipitation and 38.7 inches of snow per year.

MetricMankato, MN
Average High — January23.7°F
Average High — July81.9°F
Annual Precipitation36.4"
Annual Snowfall38.7"

Demographics

MetricMankato, MNNational Avg
Population44,444—
Median Age26.538.9
Unemployment Rate4.2%3.7%
Avg Commute Time15.3 min26 min
White (non-Hispanic)84.4%59.3%
Black or African American7.0%13.6%
Hispanic or Latino2.8%18.9%
Asian3.7%6.3%
Under 1816.9%22.2%
65 and over12.5%16.8%

Nearby Cities

ZIP Codes in Mankato

Mankato, MN is covered by 1 ZIP code:

Mankato vs Other Cities

Frequently Asked Questions

Mankato's cost of living index is 88, where 100 is the national average. That makes Mankato roughly 12% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $236,200 and median rent is $1,023/month.
Mankato's violent crime rate is 255.8 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 2609.6 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Mankato are operated by MANKATO PUBLIC SCHOOL DISTRICT. The district has 10 elementary, 3 middle, and 9 high schools. The student-to-teacher ratio is 15.6:1. 37.6% of adults 25+ hold a bachelor's degree or higher.
Mankato, MN has a population of 44,444, a median household income of $61,726, and an unemployment rate of 4.2%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Mankato averages 23.7°F in January and 81.9°F in July. Annual rainfall is 36.4 inches with about 38.7 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Mankato, MN is covered by 1 ZIP code: 56001.
The population of Mankato, Minnesota is 44,444 with a median age of 26.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Mankato: cost of living index 88 (100 = US average), median home $236,200, median household income $61,726, crime index 90 (100 = US average, lower is safer), schools rated B. Whether these are benefits or drawbacks depends on where you're coming from — compare Mankato side by side with your current city to see the trade-offs.