Mankato-North Mankato, MN Metro Area is an attractive location for those looking to find a place to live due its relatively low rent prices. The 2 bedroom rent in this area is $1,060 compared to the US average of $1,430. Additionally, the grocery cost index is 98 versus 100 nationally. These factors make the region a great option for anyone looking for more budget-friendly living space. The area boasts several prominent companies such as 3M, Imation Corp., Taylor Corporation, and NACCO Materials Handling Group Inc., providing ample job opportunities to the local population. There are also numerous resources available online that provide helpful information about the Metro Area such as Visit Mankato and Explore Minnesota.
Mankato Metro Area has an unemployment rate of 3.8%. The US average is 6.0%.
Mankato Metro Area has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 37.0%, which is higher than the US average of 33.5%.
Tax Rates for Mankato Metro Area
- The Sales Tax Rate for Mankato Metro Area is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Mankato Metro Area is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mankato Metro Area
- The average income of a Mankato Metro Area resident is $26,646 a year. The US average is $28,555 a year.
- The Median household income of a Mankato Metro Area resident is $67,860 a year. The US average is $69,021 a year.