Mankato
Mankato city, Minnesota
Alright, so you're thinking about Mankato? Smart choice. This charming Midwestern city offers a lifestyle that's hard to beat, especially if you're looking for affordability without sacrificing quality of life. Picture this: a community of around 44,444 friendly faces, where the median home value clocks in at a comfortable $236,200. That's significantly below the national average, leaving you with more room in your budget for the things that truly matter. The pace of life here is relaxed, but there's always something to do, from exploring the scenic Minnesota River Valley to enjoying the vibrant arts scene. Mankato's got that perfect blend of small-town charm with the conveniences of a larger city.
From an investment standpoint, Mankato is looking pretty solid. While the median household income of $61,726 is a touch below the national average, the lower cost of living more than compensates. The housing market is stable, and the city's strong job market, driven by education and healthcare, keeps the local economy humming. Crime rates are low, making Mankato a safe place to raise a family or simply enjoy peace of mind. If you're looking for a place where your money goes further, where you can build a life and a community, Mankato is definitely worth a look.
Mankato, Minnesota at a Glance
Mankato is a city in Mankato city, Minnesota with a population of approximately 44,444. The median home value is $236,200 and the median household income is $61,726. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $850 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$236,200
Median Income
$61,726
Population
44,444
Walk Score
0
Air Quality
AQI 38
Good
Climate Risk
Relatively Moderate
Good
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- Population
- 44,444
- Median Age
- N/A
- Median Household Income
- $61,726
17% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 22.5%
81% above nat'l avg
- Median Home Value
- $236,200
16% below nat'l avg
- Median Rent
- $850
27% below nat'l avg
- Homeownership Rate
- 84.0%
27% above nat'l avg
- Affordability Index
- 171
71% above nat'l avg
- Violent Crime Rate
- 1.2 per 1K
67% below nat'l avg
- Property Crime Rate
- 5.7 per 1K
70% below nat'l avg
- AQI
- 38
10% below nat'l avg
- Category
- Good
- Overall Risk
- Relatively Moderate
- Risk Score
- 77.17
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 14.1¢/kWh
15% below nat'l avg
- Est. Monthly Electric
- $127
7% below nat'l avg
- Unemployment Rate
- 4.2%
14% above nat'l avg
- Poverty Rate
- 22.5%
81% above nat'l avg
Weather & Climate in Mankato
Avg High
54°F
Avg Low
36°F
Annual Rainfall
31.7"
Avg Humidity
70%
Political Landscape
→ Politically stable
Based on Benton County county-level presidential election data
Culture & Things to Do in Mankato
Mankato Marathon
A popular annual marathon that draws many participants and spectators.
River Days
A summer festival featuring music, food, and family activities along the riverfront.
Mahkato Wacipi
An annual powwow celebrating Native American culture and heritage.
Holiday Lights Parade
A festive parade that kicks off the holiday season.
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