Here's what it costs to live in Mankato, Minnesota, based on the latest US government data. Renters pay a median of $1,132 per month, while the typical home is valued around $261,700. Households earn a median of $66,873 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$66,873
Median Income / yr
Census ACS
$1,132
Median Rent / mo
Census ACS
$261,700
Median Home Value
Census ACS
N/A
Cost of Living Index
Studio FMR
$971
HUD · FY2024
1BR Fair Market Rent
$977
HUD · FY2024
2BR Fair Market Rent
$1,171
HUD · FY2024
3BR Fair Market Rent
$1,629
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | N/A |
| Registered Nurse | N/A |
| Elementary Teacher | N/A |
| Electrician | N/A |
| Accountant | N/A |
| Plumber | N/A |
| Nurse Practitioner | N/A |
| Civil Engineer | N/A |
| Operations Manager | N/A |
| Market Research Analyst | N/A |
| Health Services Manager | N/A |
| Truck Driver | N/A |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
45,473
Latest estimate
Median Age
26.5 yrs
Census ACS
AQI data not available
Source: EPA AirNow
Total Neighborhoods
3
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$852
Per month
Avg Home Value
$259,800
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 56001 | — | $1,022 | $249,400 |
| ZIP 56003 | — | $888 | $242,300 |
| ZIP 56050 | — | $647 | $287,700 |
Healthcare Score
32.5
poor
Hospitals
1
Doctors per 1,000
1.00
Insurance Coverage
95.4%
The cost of living index for Mankato is not yet available.
The median gross rent in Mankato is $1,132 per month according to US Census ACS data.
The median household income in Mankato is $66,873 per year.
The median home value in Mankato is $261,700 based on the latest Census ACS survey.
Air quality data for Mankato is not yet available.
Tax data for Minnesota is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
