North Mankato, MN Cost Of Living
Cost Of Living In North Mankato, MN Summary
Cost of living in North Mankato research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means North Mankato is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in North Mankato is 98, with 100 being the average.
The cost of living index in North Mankato is 1.0x lower than the national average.
North Mankato ranks as the #32 cheapest in Minnesota out of 148.
North Mankato ranks as the #2,372 cheapest out of 6,489 in the US.
The median home value in North Mankato is $306,894.
The median income in North Mankato is $77,571.
Table Of Contents
North Mankato's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in North Mankato, MN?
According to the most recent data on the cost of living, North Mankato has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Minnesota, North Mankato has a cost of living index that's 1.0x higher than Minnesota's index of 97.
The standard of living in North Mankato ranks as #32 most affordable out of the 148 places we measured in Minnesota. By definition, that implies North Mankato ranks as the #116 most expensive place in the North Star State.
For more reading on life in North Mankato, check out:
In Minnesota
In America
North Mankato Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in North Mankato. Here is how it fairs on each of the criteria:
The Services index in North Mankato is 96.
The Groceries index in North Mankato is 98.
The Health index in North Mankato is 110.
The Housing index in North Mankato is 105.
The Transportation index in North Mankato is 94.
The Utilities index in North Mankato is 93.
| Living Expense | North Mankato | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 98 | 97 | 100 | |
| Services | 96 | 101 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 110 | 110 | 100 | |
| Housing | 105 | 100 | 100 | |
| Transportation | 94 | 95 | 100 | |
| Utilities | 93 | 94 | 100 | |
North Mankato, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in North Mankato is $306,894.
The Median Rent in North Mankato is $918.
The Median Income in North Mankato is $77,571.
The Home Value To Income in North Mankato is 4.0x.
The Rent To Monthly Income in North Mankato is 0.14x.
| Statistic | North Mankato | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $306,894 | $344,484 | $303,400 |
| Median Rent | $918 | $1,235 | $1,348 |
| Median Income | $77,571 | $87,556 | $78,538 |
| Home Value To Income | 4.0x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.14x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
North Mankato, MN Costs By Category
Detailed North Mankato Services Costs Vs. Minnesota
| Item | North Mankato | Minnesota |
|---|---|---|
| Shampoo | $1.45 | $1.28 |
| Movie | $10.06 | $12.13 |
| Bowling | $15.0 | $18 |
| Haircut | $25.06 | $24.26 |
| Beauty Salon | $40.42 | $45.56 |
Detailed North Mankato Groceries Costs Vs. Minnesota
| Item | North Mankato | Minnesota |
|---|---|---|
| Ground Beef | $5.78 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.58 | $4.67 |
| Potatoes | $4.68 | $4.93 |
| Pizza | $12.97 | $12.09 |
| Beer | $9.18 | $10.41 |
| Toothpaste | $3.74 | $3.7 |
Detailed North Mankato Health Costs Vs. Minnesota
| Item | North Mankato | Minnesota |
|---|---|---|
| Optometrist | $144.1 | $125.68 |
| Doctor | $181.22 | $135.78 |
| Dentist | $110.22 | $113.29 |
Detailed North Mankato Transportation Costs Vs. Minnesota
| Item | North Mankato | Minnesota |
|---|---|---|
| Gasoline | $3.31 | $3.46 |
| Tire Balancing | $54.83 | $59.92 |
Detailed North Mankato Utilities Costs Vs. Minnesota
| Item | North Mankato | Minnesota |
|---|---|---|
| All Electricity | $169.27 | $193.99 |
| Phone | $191.1 | $192.25 |
North Mankato SnackAbility
/10
Cost Of Living In Cities Around North Mankato
The cost of living varies in the cities and towns around North Mankato. Here's a quick look at the cost of living in the most populous nearby places:
Shakopee, MN has a cost of living index of 111, 1.1x North Mankato.
Mankato, MN has a cost of living index of 100, 1.0x North Mankato.
Chaska, MN has a cost of living index of 112, 1.1x North Mankato.
| City | Population | Cost Of Living | Vs. North Mankato |
|---|---|---|---|
| Shakopee, MN | 45,002 | 111 | 1.1x |
| Mankato, MN | 44,882 | 100 | 1.0x |
| Chaska, MN | 28,146 | 112 | 1.1x |
| Prior Lake, MN | 27,832 | 114 | 1.2x |
| Owatonna, MN | 26,462 | 96 | 1.0x |
| Northfield, MN | 20,678 | 101 | 1.0x |
| Waconia, MN | 13,223 | 115 | 1.2x |
| St. Peter, MN | 12,085 | 95 | 1.0x |
| New Prague, MN | 8,195 | 107 | 1.1x |
| Belle Plaine, MN | 7,401 | 105 | 1.1x |
