Moving to Mankato
What you need to know before relocating to Mankato, Minnesota. Data-driven insights on housing, jobs, safety, and quality of life.
Is Mankato a Good Place to Live?
Based on data across cost of living, job market, safety, and education, Mankato compares favorably on multiple dimensions. Highlights include rent ($1,014/mo) is below the national average; low unemployment rate (2.3%) signals a strong job market; violent crime rate (261/100k) is well below the national average.
Mankato at a Glance
Cost of Living in Mankato
The median rent in Mankato is $1,014/month, while the median home value is $279,600. With a median household income of $69,016, residents spend roughly 18% of monthly income on rent.
Overall, the Mankato metro area is classified as affordable compared to other US metros.
Job Market
Mankato has a median household income of $69,016, which is 7% below the national median. The local unemployment rate is 2.3%, compared to the national average of 3.7%.
Safety in Mankato
The violent crime rate in Mankato is 261 per 100,000 residents, which is 31% below the national average of 380.
Property crime rate: 1702 per 100,000 residents.
Education in Minnesota
Minnesota has a high school graduation rate of 94% and per-pupil spending of $18,057/year. The student-to-teacher ratio is 14:1.
40% of Minnesota adults hold a bachelor's degree or higher.
Healthcare Access
Minnesota has 318 physicians per 100,000 residents, a 4.8% uninsured rate, and 2.9 hospital beds per 1,000 people. Life expectancy in Minnesota is 78.7 years.
Pros and Cons of Living in Mankato
+Pros
- ✓Rent ($1,014/mo) is below the national average
- ✓Low unemployment rate (2.3%) signals a strong job market
- ✓Violent crime rate (261/100k) is well below the national average
- ✓High school graduation rate of 94%
- ✓Low uninsured rate (4.8%) and good healthcare access
-Cons
- ✗Longer-than-average commute (50057 min)
Frequently Asked Questions
Is Mankato a good place to live?⌄
Mankato, Minnesota has several attributes that make it an attractive place to live, including rent ($1,014/mo) is below the national average and low unemployment rate (2.3%) signals a strong job market. It scores well on multiple quality-of-life metrics relative to the national average.
What is the cost of living in Mankato?⌄
The median rent in Mankato is $1,014/month and the median home value is $279,600. The median household income is $69,016. Overall the metro is considered affordable.
Is Mankato safe?⌄
Mankato has a violent crime rate of 261 incidents per 100,000 residents. The national average is approximately 380 per 100,000.
What is the job market like in Mankato?⌄
Mankato has an unemployment rate of 2.3%, compared to the national average of 3.7%. The median household income is $69,016.