Mankato, MN
45,473Residents
$66,873Median household income
$1,132/moMedian gross rent
$261,700Median home value
26.5Median age
35%Adults with a bachelor’s degree or higher
50%Homes lived in by their owners
3.9×Home value to household income
Median rent takes about 20% of the median household income in Mankato.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $45,000 a year. In Minnesota that leaves roughly $2,940 a month after tax. See the full paycheck breakdown for $45,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.