North Mankato, MN
Population 14,212 · Minnesota
About North Mankato, MN
North Mankato is a mid-sized city located in Minnesota with a population of 14,212 residents according to the latest US Census Bureau American Community Survey data. The median household income is $77,571 per year, which is 3% above the national median of $75,149. The median age of 38.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in North Mankato features a median home value of $252,700, which is 3% above the national median of $244,900. This positions North Mankato in a moderately priced market relative to the rest of the country. Median monthly rent is $918, 21% below the national average of $1,163/month. Of the 6,078 total housing units, 72% are owner-occupied (4,289 units) and 28% are renter-occupied (1,633 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in North Mankato shows an unemployment rate of 1.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in North Mankato have an average one-way commute time of 15.4 minutes, one of the shorter commutes in the region.
Education & Demographics
43.0% of North Mankato residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.9% White, 0.9% Hispanic or Latino, 0.1% Black or African American, and 1.0% Asian residents, with 3.7% of the population being foreign-born.
Cost of Living in North Mankato, MN
Compared to national averages, North Mankato has a median household income of $77,571 (3% above the national median of $75,149). Home values average $252,700, which is 3% above the national median. Monthly rent at $918 is 21% below the US average of $1,163. Within Minnesota, North Mankato's income is 5% above the state average of $74,221, and home values are 24% above the state median of $204,472.
Why Live in North Mankato, MN?
North Mankato offers a strong local economy with a median household income of $77,571, well above the national average, and rent that’s lower than the national average at $918/month, and a strong job market with an unemployment rate of just 1.7%. Additionally, the city features a well-educated community where 43.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.7%, better than the national average, and short commute times averaging just 15.4 minutes.
North Mankato has a population of 14,212 with a median age of 38.2 years. Compare North Mankato with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near North Mankato
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fergus Falls | 14,138 | $50,865 | $173,300 | Compare |
| Robbinsdale | 14,318 | $84,719 | $280,400 | Compare |
| New Ulm | 14,066 | $63,984 | $192,700 | Compare |
| Brainerd | 14,474 | $53,705 | $178,600 | Compare |
| Marshall | 13,880 | $64,636 | $198,900 | Compare |
| Sauk Rapids | 13,851 | $67,004 | $240,200 | Compare |
| Alexandria | 14,579 | $61,558 | $247,200 | Compare |
| Monticello | 14,607 | $81,563 | $298,400 | 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.
Compare North Mankato With Other Cities
Frequently Asked Questions about North Mankato
What is the population of North Mankato, MN?
The population of North Mankato, MN is 14,212 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Minnesota.
What is the median household income in North Mankato?
The median household income in North Mankato, MN is $77,571 per year, which is 3% above the national median of $75,149.
What is the median home value in North Mankato?
The median home value in North Mankato, MN is $252,700, which is 3% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in North Mankato?
The median monthly rent in North Mankato, MN is $918, which is 21% below the national average of $1,163/month.
What is the unemployment rate in North Mankato?
The unemployment rate in North Mankato, MN is 1.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is North Mankato, MN a good place to live?
North Mankato offers above-average incomes, a competitive housing market, and a strong job market. With a population of 14,212 and a median age of 38.2, the city appeals to a broad range of residents.
How educated is North Mankato, MN?
43.0% of residents in North Mankato aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in North Mankato?
Key cost-of-living indicators for North Mankato, MN: median home value is $252,700 (3% above national), median rent is $918/month, and median household income is $77,571. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in North Mankato?
The poverty rate in North Mankato, MN is 7.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is North Mankato, MN?
North Mankato's population is 3.9% White, 0.9% Hispanic or Latino, 0.1% Black or African American, 1.0% Asian, and 2.0% two or more races. 3.7% of residents are foreign-born.