Mankato, KS is a small town with a population of 66956 people. It has a relatively low cost of living compared to other cities in the US. The 2 Bedroom Rent in Mankato is $690, while the average 2 bedroom rent for the US is $1,430. Furthermore, Mankato's Grocery Cost Index stands at 90 compared to 100 in the US. This makes it an attractive option for those looking for an affordable place to live.
The local economy consists mostly of small businesses such as grocery stores, banks, and restaurants. There are also some larger companies that operate within Mankato including Heartland Health Care Center and Crop Production Services Inc. With its low cost of living and many job opportunities, Mankato provides great potential for those interested in settling down in this small town.
Mankato (zip 66956) has an unemployment rate of 2.6%. The US average is 6.0%.
Mankato (zip 66956) has seen the job market decrease by -4.5% 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 (zip 66956)
- The Sales Tax Rate for Mankato (zip 66956) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Mankato (zip 66956) 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 (zip 66956)
- The average income of a Mankato (zip 66956) resident is $30,256 a year. The US average is $37,638 a year.
- The Median household income of a Mankato (zip 66956) resident is $58,958 a year. The US average is $69,021 a year.