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Last Updated: 06/10/2023


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All About

Living In Mankato, MN

Mankato, Minnesota is a town with a population of approximately 41,000. Young adults aged 15-24 will find plenty of peers, as they make up a higher percentage of the population here (35%) than nationally (14%), while middle-aged professionals are less well-represented. At an average age of just under 34, the city's population skews notably younger than most cities in Minnesota. In terms of housing, residents are fairly evenly split between owning (51%) and renting (50%) their residence. At $934 per month, the average rent is slightly below the state average.

With an average commute time of about 17 minutes, quicker than most cities in the state, Mankato residents have found that it isn't overly time-consuming to get to work. Driving a car or truck is the most common mode of getting to work, chosen by 48% of commuters, while public transit is not used widely. Walking (3%) isn't a common means of commuting to work, though the number does exceed the national average.

Among residents over the age of 25 in Mankato, 19% have earned a Bachelor's, Master's, Professional, or Doctoral degree. There are five primary industries in Mankato: healthcare, retail, entertainment, education, and manufacturing. Combined, these industries account for 42% of the city's workforce. Meanwhile, looking at job function, many residents work in sales, as 7% of the city's population reports this as their field of work, the highest number of any field. Mankato workers take home an average annual income of about $61,000, about $19,000 less than the Minnesota average. The city's average income also falls below the national average ($73,345).

Frequently Asked Questions About Mankato

What is the average rent in Mankato?

The average rent of a studio apartment in Mankato is $995 per month. For a one-bedroom apartment it's $1,195 per month. For a two-bedroom apartment the average rent is $1,250 per month.

What is the average cost of rent for a one-bedroom in Mankato?

The average rent of a one-bedroom apartment in Mankato is $1,195

Are there any cheap apartments for rent in Mankato?

For the best deal, we recommend using our cheap apartments filter.

You can also filter by price: Under $600, Under $800, Under $900, Under $1000, Under $1200

Are there any pet friendly apartments in Mankato?

Apply Apartment Guide's pet friendly filter to see only Mankato apartments that accept pets.

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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