Living in Mankato, Kansas
Cost of living, income, home prices, rent and demographics of Mankato · Census data 2020–2024
Mankato has 925 residents with a median age of 51.5. The median household income is $50,893 (31% lower than the Kansas median), the median home value is $55,800, the median rent is $639/month.
Mankato is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Mankato at a glance
- Population
- 925
- Median age
- 51.5State: 37.4
- Median household income
- $50,893State: $74,275
- Median home value
- $55,800State: $217,200
- Median rent
- $639/moState: $1,060
- Homeowners
- 66.5%
- Bachelor's degree or higher
- 17.1%
- Average commute
- 14 min
Is Mankato a good place to live?
Pros: Home values 74% lower than the state median; an average commute of 14 minutes; unemployment of 2.6%; a poverty rate of 9.8%.
Cons: Median household income 31% lower than the Kansas median.
The weather is best in May–June and September–October.
Cost of living in Mankato
Housing is the biggest part of the cost of living. In Mankato the median home value is $55,800, 83% lower than the U.S. median. Renters pay a median of $639 per month, which is 24% of household income. Homeowners with a mortgage pay $863 a month in housing costs.
Mankato median household income
The median household income in Mankato is $50,893 and the income per person is $39,559. 9.8% of residents live below the poverty line (Kansas: 11.3%).
Housing in Mankato: homes for sale and rent
- Housing units
- 499
- Owner-occupied
- 66.5%
- Renter-occupied
- 33.5%
- Vacant
- 15%Includes seasonal homes
- Median year built
- 1952
- Average household size
- 2.12
Mankato demographics
- Population
- 925
- Median age
- 51.5
- Under 18
- 19.6%
- 65 and older
- 32.3%
- Households
- 424
- Foreign-born
- 4.5%
- Veterans
- 7.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Mankato ›
Education in Mankato
17.1% of adults 25 and older in Mankato have a bachelor's degree or higher (Kansas: 35.6%), and 6.3% have a graduate or professional degree.
Jobs and commute in Mankato
- Unemployment rate
- 2.6%State: 3.9%
- Average commute
- 14 minState: 20 min
- Work from home
- 6.4%
- Drive alone
- 84.9%
- Public transit
- 0%
- Walk to work
- 4.1%
- Homes with broadband
- 83.5%
Mankato vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Mankato | 925 | $50,893 | $55,800 | $639 |
| Burr Oak | 114 | $32,500 | $33,100 | — |
| Jewell | 469 | $45,000 | $59,600 | $557 |
| Randall | 184 | $29,826 | — | — |
| Courtland | 163 | $58,125 | $83,300 | $769 |
| Superior | 1,879 | $63,810 | $82,400 | $643 |
| Lebanon | 191 | $41,250 | $43,500 | $575 |
| Glen Elder | 476 | $79,250 | — | $438 |
| Guide Rock | 286 | $39,444 | $44,400 | — |
More for people moving to Mankato
Mankato ZIP code ›Weather and climate ›Living in Mankato: FAQ
What is the median household income in Mankato, KS?
The median household income in Mankato is $50,893, 31% lower than the Kansas median of $74,275 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Mankato?
The median home value in Mankato is $55,800, compared with $217,200 in Kansas.
How much is rent in Mankato?
The median gross rent in Mankato is $639 per month, about 24% of household income.
Is Mankato, KS a good place to live?
Pluses: home values 74% lower than the state median; an average commute of 14 minutes; unemployment of 2.6%; a poverty rate of 9.8%. Minuses: median household income 31% lower than the Kansas median.
What is the median age in Mankato?
The median age in Mankato is 51.5 years (Kansas: 37.4).
How long is the commute in Mankato?
The average commute to work in Mankato is 14 minutes; 6.4% of workers work from home.
What is the unemployment rate in Mankato?
The unemployment rate in Mankato is 2.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Mankato?
17.1% of adults in Mankato have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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