Pros and Cons of Living In Mankato, Minnesota. Is Mankato, MN a Nice Place To Live or Retire?

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Mankato, Minnesota

Moving to Mankato In Minnesota ? Is Mankato, MN a Nice Place To Live? Pros and Cons of Living in Mankato, Minnesota. Find out the best and worst about to live, raise a family or retire in Mankato.

Mankato ( man-KAY-toh) is a city in Blue Earth, Nicollet, and Le Sueur counties in the U.S. state of Minnesota. It is the county seat of Blue Earth County, Minnesota. The population was 44,488 at the 2020 census, making it the 21st-largest city in Minnesota, and the 4th-largest outside of the Minneapolis–Saint Paul metropolitan area. It is along a large bend of the Minnesota River at its confluence with the Blue Earth River. Mankato is across the Minnesota River from North Mankato. Mankato and North Mankato have a combined population of 58,763 according to the 2020 census. It completely encompasses the town of Skyline. North of Mankato Regional Airport, a tiny...

DEMOGRAPHICS

Population
42685
Unemployment
4.5%
4% NAT AVG.
Poverty
22.5%
61% NAT AVG.
Cost Of Living
95
5% NAT AVG.

ECONOMICS

Median Home Cost
$188900
18% NAT AVG.
Median Income
$52411
22% NAT AVG.
Median Rent
$927
20% NAT AVG.
Overall Score
8

CRIME REPORT

Total Crime
1141
12% NAT. AVG.
10% STATE AVG.
Violent Crime
108
36% NAT. AVG.
10% STATE AVG.
Property Crime
1033
22% NAT. AVG.
12% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 4
Unemployed People
1 in 22
People Earning < $10,000
1 in 17
People Earning < $50,000
48%
People With Any Degree
1 in 2

ETHNICITY

Ethnicity Mankato USA
White 83.9% 60.1%
African American 6.2% 12.2%
American Indian 0.3% 0.6%
Asian 3.3% 5.6%
Hawaiian 0% 0.2%
Multiracial 1.8% 2.8%
Hispanic 4.4% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Mankato USA
Less than $10,000 5.8% 5.8%
$10,000 to $14,999 4.8% 4.1%
$15,000 to $24,999 12.5% 8.5%
$25,000 to $34,999 10.7% 8.6%
$35,000 to $49,999 14.2% 12.0%
$50,000 to $74,999 18.1% 17.2%
$75,000 to $99,999 13.5% 12.8%
$100,000 to $149,999 13.6% 15.6%
$150,000 to $199,999 4% 7.1%

EDUCATION

Education Mankato USA
< 9th Grade 2% 5.0%
9-12th Grade 4% 7.0%
High School or GED 24% 27.0%
Other College 20% 20.0%
Associate's Degree 12% 9%
Bachelor's Degree 24% 20.0%
Master's Degree 10% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 3% 1.0%
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. The unemployment rate of Mankato remained 4.5%, which is 4% lower than national rate.

Cost of living in Mankato is 95, which is 5% lower than national average. In Mankato, only 38% of adults have a bachelor's degree and 32% have some college but no degree. 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.
Mankato Scorecard

Jobs70%

Housing80%

Affordability60%

Safety60%

Amenities90%

Diversity70%

Education85%

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