Mankato, KS is a small town located in north-central Kansas. This rural area offers affordable housing with 2 Bedroom Rent costing only $700 as opposed to the US average of $1,430. Additionally, the cost of groceries in Mankato is relatively low when compared to the national index average of 100; the Grocery Cost Index in Mankato, KS being 90. Those who call Mankato home can also take advantage of local businesses such as Farley Farms Dairy & Creamery and Countryside Feed & Supply. In addition to these great companies, there are many nearby outdoor activities for visitors and locals alike including camping at One Hundred Acre Woods or fishing and boating at Lovewell State Park.
Mankato has an unemployment rate of 2.6%. The US average is 6.0%.
Mankato has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 17.4%, which is lower than the US average of 33.5%.
Tax Rates for Mankato
- The Sales Tax Rate for Mankato is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Mankato is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mankato
- The average income of a Mankato resident is $24,037 a year. The US average is $28,555 a year.
- The Median household income of a Mankato resident is $57,292 a year. The US average is $69,021 a year.