C+

Mankato, MN

Source:

Affordability Score: 64/100

Population: 60,662 · 2 ZIP codes

The affordability dashboard for Mankato, MN aggregates Census ACS 5-Year Estimates across 2 ZIP codes covering 60,662 residents, then layers in county-level federal data to produce an overall grade of C+ (64/100). The headline inputs are median household income of $72,605, median home value of $275,211, median rent of $1,096 per month, and 36.8% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $1,171 per month (studio $971, 1BR $977, 3BR $1,629, 4BR $1,916). Department of Labor data lists infant center-based childcare at $10,972 per year, consuming 15% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Mankato, MN include commute, rent. Unemployment currently reads 4.9% and poverty 15.5% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income C+
$72,605
Median household income
Education C+
36.8%
Bachelor's degree or higher
Housing D
3.8x
Home value $275,211 vs income
Commute A
15 min
Average commute time
Rent A-
$1,171/mo
2BR fair market rent (19% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare D
$10,972/yr
Center-based infant care (15% of income)

Income & Employment

Median Income
$72,605
▲ 17% vs national
Per Capita Income
$39,778
Unemployment Rate
4.9%
Poverty Rate
15.5%

Housing

Median Home Value
$275,211
▲ 0% vs national
Median Rent
$1,096/mo
Owner Occupied
58.2%
2BR Fair Market Rent
$1,171/mo
▼ 2% vs national

Fair Market Rents by Bedroom

Studio
$971
1BR
$977
2BR
$1,171
3BR
$1,629
4BR
$1,916

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
36.8%
▲ 7 ppt vs national
High School+
59.4%
Median Age
30.9
Avg. Commute
15 min
▼ 11 min vs national

Childcare Costs

Infant (Center)
$10,972/yr
15% of income
Toddler (Center)
$10,244/yr
Preschool (Center)
$9,447/yr
School-Age (Center)
$8,493/yr

What This Means

Mankato, MN receives an overall affordability grade of C+ (64/100), aggregated from 2 ZIP codes with a total population of 60,662. This area performs well in commute and rent. Data was unavailable for safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Mankato ZIP Codes
View all 2 ZIP codes with demographics and individual scorecards
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What are common questions about this dashboard?

Is Mankato, MN affordable?
Mankato, MN receives an overall affordability grade of C+ (64/100) based on Census, HUD, FBI, and DOL data. Median household income is $72,605. Median home value is $275,211.
What is the cost of living in Mankato?
Key cost metrics: Median rent $1,096/mo. 2BR fair market rent $1,171/mo. Infant childcare $10,972/yr. Median home value $275,211.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →