Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Earning a high health and safety score depends on factors such as good air quality and the availability of essential health facilities like hospitals, clinics, doctors, and fire stations.
Ratings
Local residents have positive feedback regarding the convenience of amenities, parks, public transit, the friendliness of neighbors, the strong sense of community, and the overall safety of the area.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Mankato, Minnesota is a moderately-sized city with a population of 42,685 inhabitants. At 87%, the majority of the Mankato population is White; this is followed by 6% Black and 3% Asian. The median age of all Mankato residents is 26, which is well below the national average. This is a good indication that this city could be ideal for a younger demographic. Single men and women might be happy to hear that in Mankato, only 37% of the population is married. If you prefer shorter commutes, living in Mankato will be a delight. With an average one-way commute time of just 16 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
Without the right tools, moving to any new town can be very stressful and challenging. Living in Mankato, Minnesota could be a positive experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Finding the best places to live in Mankato and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, cost of living, commute, housing and other important metrics.
Using data and statistics Mankato has received a livability score of 75 out of 100. This score is ranked in the 89th percentile when compared to all other cities. Based on this score, Mankato would be considered a very livable city! If we consider each of the categories individually, we see that Mankato ranks well for cost of living (A-), education (B) and housing (A-).
Finding affordable real estate and housing in Mankato can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Assuming that Mankato meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Mankato. Everything else becomes a lot less important if it turns out that home prices in Mankato are simply unattainable. Median real estate prices in Mankato come in at $188,900, which is 1.4% lower than the Minnesota average. The home price to income ratio compares the median home prices to the median household income. In Mankato, the home price to income ratio is 3.6, which is 20% higher than the Minnesota average.
| Statistic | Mankato | Minnesota | National |
| Average one way commute | 16min | 23min | 26min |
| Workers who drive to work | 77.4% | 78.0% | 76.4% |
| Workers who carpool | 8.9% | 8.7% | 9.3% |
| Workers who take public transit | 2.8% | 3.5% | 5.1% |
| Workers who bicycle | 0.4% | 0.8% | 0.6% |
| Workers who walk | 3.1% | 2.8% | 2.8% |
| Working from home | 6.6% | 5.3% | 4.6% |
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