North Mankato cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexNorth MankatoMinnesotaNational
Cost of living index97104100
IndexNorth MankatoMinnesotaNational
Goods & Services index98109100
Groceries index103106100
Health care index118110100
Housing index90100100
Transportation index99100100
Utilities index9798100
A general summary of the cost of living index in North Mankato, MN is shown above. Compared to the state average of Minnesota the cost of living index in North Mankato, MN is 97, which is 7% lower than the average in Minnesota and compared to the national average it is 3% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In North Mankato, MN goods and services come in at 10% lower than the average in Minnesota and are 2% lower than compared to the nationwide average.
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Did you know?

  • The cost of living in North Mankato is 7% lower than the Minnesota average.
  • The cost of living in North Mankato is 3% lower than the national average.
  • The cost of housing in North Mankato is 10% lower than the national average.
  • Minnesota general sales tax is 35% higher than the national average.
  • Minnesota state income tax is 141% higher than the national average.

Compare North Mankato, MN Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in North Mankato, MN to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to North Mankato, MN, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the North Mankato, MN salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in North Mankato, MN, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. North Mankato, MN has a median income of about $69,840 for people who own homes. Based on that number, a person should spend a maximum of $1,629 on expenses related to housing. Renters have a slightly different median income, which is $34,919. Based on this average, renters should spend no more than $815 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Minnesota Sales Tax

StateGeneral Sales TaxWith Max Surtax

Minnesota Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in North Mankato, MN and want to know what the true cost of living is, they ought to look at both the Minnesota income tax rate and the Minnesota sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Minnesota, the sales tax is 6.875%, while the most you'll pay in surtax is 7.875%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Minnesota, the income tax rate ranges between 5.35% to 9.85%.

Goods & Services

ItemNorth MankatoNational avg.Difference
Haircut $22.50$17.4928.6%
Beauty Salon $27.60$38.1727.7%
Toothpaste $2.23$2.323.9%
Shampoo $0.99$1.012.2%
Movie $9.75$10.729.1%
Bowling $10.00$13.8627.9%


ItemNorth MankatoNational avg.Difference
Ground Beef $3.43$3.9012.0%
Fried Chicken $2.73$1.4095.6%
Milk $1.73$1.9611.8%
Potatoes $3.24$3.181.8%
Pizza $11.99$10.3915.4%
Beer $8.99$9.232.6%

Health Care

ItemNorth MankatoNational avg.Difference
Optometrist $111.30$106.344.7%
Doctor $204.33$115.2577.3%
Dentist $101.00$98.382.7%
Ibuprofen $10.69$9.2615.4%
Lipitor $348.93$466.4725.2%


ItemNorth MankatoNational avg.Difference
Home Price $170,800.00$184,700.007.5%
Avg. Mortgage Payment $745.67$1,273.3241.4%
Apartment Rent $801.00$949.0015.6%


ItemNorth MankatoNational avg.Difference
Gasoline $2.64$2.591.8%
Tire Balancing $47.33$48.903.2%


ItemNorth MankatoNational avg.Difference
All Electricity$161.10$167.603.9%
Phone $179.21$163.429.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Good Thunder, MN54288-12%
Kasota, MN80388-12%
St. Clair, MN87392-8%
Cleveland, MN69292-8%
Pemberton, MN25492-8%
North Mankato, MN13,45197-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hidalgo, TX13,44974-26%
Druid Hills, GA13,44413939%
Hot Springs Village, AR13,4431000%
Brainerd, MN13,44095-5%
Stony Brook, NY13,43715757%
North Mankato, MN13,45197-3%
Source: The North Mankato, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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