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ZipNumbers

Minnesota · Census place 39878

Mankato city, MN

Quick answer

Mankato city has 44,882 residents, ranking #22 of 914 places in Minnesota. Median household income is $64,826, the median home is worth $250,600 and median gross rent runs $1,089 a month.

Population
44,882Mankato city residents
Median household income
$64,826Past 12 months, inflation adjusted
Median home value
$250,600Owner-occupied units
Median gross rent
$1,089Rent plus utilities, monthly
Median age
26.8 yrsAll residents
Homeownership rate
50.3%Owner-occupied households

What the numbers mean in Mankato city

Housing cost measured against local earnings.

A household earning the Mankato city median would spend about 20.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 21.7% of residents and 50.3% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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