Housing costs in Mankato?
A typical home costs
$255,800, which is 24.3% less expensive than the national average of
$338,100 and 17.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Mankato costs
$1,110 per month, which is 10.5% cheaper than the national average of
$1,240 and 4.5% more than the state average of
$1,060.
Can I afford Mankato?
To live comfortably in Mankato (zip 56001), Minnesota, a minimum annual income of
$48,960 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Mankato?
The cost of living in 56001 Mankato, MN is quite reasonable. The overall cost of living index for the city is 81.2, which is lower than the national average of 100. Housing costs and consumer prices both have an index rating below the national average, meaning that renting or buying a property in Mankato will cost less than most places in the United States. Groceries are also cheaper than the national average, so people can save money when grocery shopping too. All in all, Mankato is an affordable place to live with its low cost of living!