Cost of Living in North mankato, MN
Housing
The housing market plays a significant role in determining the cost of living in North mankato, MN.
- Housing Index: 70.2 / 100
- Median Home Price is: $262,500
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1548 per month
Considering a move to North mankato, MN? With a housing index of 70.2, the market offers a balanced environment for both buyers and renters. The median home price at 262500 suggests a manageable investment, especially compared to the average rent for a two-bedroom apartment at 1200 and a house at 1548. This region could appeal to those prioritizing stability and affordability. However, be mindful of location dynamics and local amenities, as they significantly impact quality of life and future property values.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in North 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.): $250 per month
Living in North 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 $250 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 North mankato is a financially viable option for your relocation.