Cost of Living in Mankato, MN
Housing
The housing market plays a significant role in determining the cost of living in Mankato, MN.
- Housing Index: 90.0 / 100
- Median Home Price is: $253,000
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1550 per month
Based on the data for Mankato, MN, the housing index of 90.0 indicates that overall affordability may be reasonable compared to other regions. The median home price of 253000 suggests a stable entry point for potential homeowners, while the average rent for a 2-bedroom apartment is set at 1500, and for a 2-bedroom house at 1550. This can attract renters seeking more spacious living options. Consider the overall cost of living and job opportunities in the area when making your decision to move, as these factors can significantly impact your long-term satisfaction.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mankato, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Mankato, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Mankato is a financially viable option for your relocation.