Housing costs in Mankato?
A typical home costs
$271,000, which is 19.8% less expensive than the national average of
$338,100 and 12.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Mankato costs
$1,140 per month, which is 20.3% cheaper than the national average of
$1,430 and 8.8% cheaper than the state average of
$1,240.
Can I afford Mankato?
To live comfortably in Mankato, Minnesota, a minimum annual income of
$51,840 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Mankato?
The cost of living in Mankato, MN is relatively affordable compared to other cities in the United States. According to BestPlaces, the cost of living index for Mankato is 81.83, which is lower than the national average of 100. Additionally, housing costs are 10% lower than the national average. This makes it a great option for those looking for an affordable place to live. The median home value in Mankato is $160,000 and the median monthly rent is $788 - both significantly lower than many other parts of the country. Overall, Mankato offers residents with a great quality of life without breaking their budget!