Cost of Living in Mankato, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
108.2
100 = national avg
+8.2 vs national average
Living Wage (1 Adult)
$47,610
per year
Living Wage (Family of 4)
$112,533
per year
Cost Index by Category
Housing123.3
Food99.5
Transportation99.1
Healthcare99.6
Utilities104.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$977
per month
2 Bedroom
$1,171
per month
The overall cost of living index in Mankato is 108.2, which is 8.2% above the national average. Housing costs are above the national average at an index of 123.3. A single adult needs to earn approximately $47,610 per year to cover basic expenses.