Mankato, MN
Population 44,882 · Minnesota
About Mankato, MN
Mankato is a mid-sized city in Minnesota with a population of 44,882 residents. The median household income is $64,826 per year, which is near the national average. The median age in Mankato is 26.8 years.
Housing in Mankato has a median home value of $250,600 and median monthly rent of $1,089. Of the 19,186 total housing units, the majority are owner-occupied, with 8,880 owner-occupied and 8,775 renter-occupied units.
The unemployment rate in Mankato is 4.8% and the poverty rate is 21.7%. 36.2% of residents hold a bachelor's degree or higher. The average commute time is 14.5 minutes.
How Mankato Ranks in Minnesota
Cost of Living in Mankato, MN
Compared to national averages, Mankato has a median household income of $64,826 (14% below the national median of $75,149). Home values average $250,600, which is 2% above the national median. Monthly rent at $1,089 is 6% below the US average of $1,163. Within Minnesota, Mankato's income is 13% below the state average of $74,221, and home values are 23% above the state median of $204,472.
Why Live in Mankato, MN?
Mankato offers rent that’s lower than the national average at $1,089/month, and a well-educated community where 36.2% of residents hold a bachelor’s degree or higher, and short commute times averaging just 14.5 minutes.
Potential considerations include median household income ($64,826) that falls below the national average. However, Mankato’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mankato has a population of 44,882 with a median age of 26.8 years. Compare Mankato with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Mankato
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Shakopee | 45,002 | $110,989 | $361,400 | Compare |
| Moorhead | 44,706 | $69,371 | $246,300 | Compare |
| Maplewood | 40,981 | $88,534 | $291,300 | Compare |
| St. Louis Park | 49,541 | $100,250 | $371,600 | Compare |
| Cottage Grove | 40,124 | $121,452 | $359,600 | Compare |
| Richfield | 36,725 | $84,055 | $320,400 | Compare |
| Edina | 53,125 | $129,225 | $624,000 | Compare |
| Minnetonka | 53,256 | $120,496 | $456,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Mankato
What is the population of Mankato, MN?
The population of Mankato, MN is 44,882 according to the latest Census data.
What is the median household income in Mankato?
The median household income in Mankato, MN is $64,826 per year.
What is the median home value in Mankato?
The median home value in Mankato, MN is $250,600.
What is the average rent in Mankato?
The median monthly rent in Mankato, MN is $1,089.
What is the unemployment rate in Mankato?
The unemployment rate in Mankato, MN is 4.8%.