Mankato Metro Area, MN Cost of Living


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United States / Minnesota / Mankato Metro Area / Counties / Cities / Zip Codes
How much do I need to live in Mankato, Minnesota?
$4,260 / month
for a family, 21.1% less expensive than the national average A total of $51,120 for the year for a family.
$2,833 / month
for a single person, 40.6% less expensive than the national average A total of $34,000 for the year for a single person.

Mankato cost of living score
87
Less expensive
13.0% lower
than the US average
10.5% lower
than the Minnesota average
Mankato Minnes Metro Area, Minnesota gets a BestPlaces Cost of Living score of 87, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 13.0% lower than the U.S. average and 10.5% higher than the average for Minnesota.

Mankato Metro Area, MN

Housing costs in Mankato?
A typical home costs $266,400, which is 21.2% less expensive than the national average of $338,100 and 13.9% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Mankato costs $1,060 per month, which is 25.9% cheaper than the national average of $1,430 and 17.0% cheaper than the state average of $1,240.

Can I afford Mankato?
To live comfortably in Mankato Minnes Metro Area, Minnesota, a minimum annual income of $51,120 for a family, and $34,000 for a single person is recommended.

What does A.I. say about Mankato?
Life in Mankato-North Mankato, MN Metro Area is more affordable than the national average. The median value of a house in this area is $266,400 compared to the US average of $338,100. Additionally, the cost of living here is 87 compared to the US average of 100. These lower costs reflect in all areas of life from housing and utilities to groceries and other necessities. By living in Mankato-North Mankato, MN Metro Area you can save money without sacrificing quality or comfort.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMankatoMinnesotaUnited States
    Unlock97.2100.0
  97.7  Unlock100.0
    Unlock78.3100.0
  82.7  Unlock100.0
    Unlock$309,500$338,100
  99.7  Unlock100.0
    Unlock96.4100.0
  99.4  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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