Mankato is a city in Minnesota state in USA with a population of 42685 residents.. The poverty rate of Mankato is 22.5%, which is 61% higher than national average. The typical household in Mankato earns $52411 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 17 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 48% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Mankato, only 94% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Mankato remained 4.5%, which is 4% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Mankato, only 38% of adults have a bachelor's degree and 32% have some college but no degree.

Cost of living in Mankato is 95, which is 5% lower than national average. Median home value in Mankato is $188900 , which is 18% lower than national average. While median income in Mankato remained $52411, which is 22% lower than national average.