Cost of Living in North Mankato, MN
Population 14,212 · Minnesota · Data vintage 2023
(100 = US avg)
North Mankato is a smaller Minnesota community of around 14000 residents, where median household incomes of $77,571 and housing costs ($253,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 1.8% — below most comparable cities in the state.
Geographically, North Mankato is about 65 miles southwest of Minneapolis, the nearest large metro. Median home values run roughly 27% lower than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in North Mankato
The median home value in North Mankato is $252,700 — 17% below the national median of $305,000. Median rent runs $918/month, 30% lower than the national median of $1,314/month. The median household income of $77,571/year is 4% higher than the US median of $74,580. The local unemployment rate is 1.8%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, North Mankato has a cost of living index of 78 versus the US average of 100, meaning it is 22% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in North Mankato, MN?
North Mankato has a cost index of 78 (100 = national average). It is 22% below the national average.
What is average rent in North Mankato, MN?
The median gross rent in North Mankato is $918 per month based on 2023 Census data.
What is the average home price in North Mankato?
The median home value in North Mankato is $252,700 according to Zillow and Census data.
What is the median income in North Mankato?
The median household income in North Mankato is $77,571 per year (2023 ACS 5-year estimates).
What is the sales tax in North Mankato, MN?
The combined state and local sales tax rate in North Mankato is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is North Mankato, MN affordable?
Yes, North Mankato is generally considered affordable, with a cost of living index of 78 — about 22% below the US national average of 100.
North Mankato at a Glance
- Population
- 14,212
- Median Income
- $77,571
- Home Value
- $252,700
- Median Rent
- $918/mo
- Unemployment
- 1.8%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
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