What to know when moving to Mankato, MN
Mankato at a Glance
- The Vibe:
- A highly educated community where 36.6% of residents hold a bachelor's degree and 45.5% are renters.
- The Major Draw:
- Median household income is $67,224, which can provide a comfortable living.
- The Reality Check:
- With a poverty rate of 19.9%, some residents may face financial challenges.
- Commute:
- Only 2.5% of residents use public transit, indicating a car-dependent area.
- Top Tip:
- Budget for a median rent of $1,088 per month.
The 'Vibe' Check: Who Thrives Here?
Mankato has a population of 50,960, with a significant portion of residents renting their homes. The median gross rent is $1,088, suggesting a moderately accessible rental market. The community is well-educated, with 36.6% of residents possessing a bachelor's degree. However, the poverty rate stands at 19.9%, which may affect overall economic stability.
Probably not your spot if you are looking for extensive public transportation options, as only 2.5% of residents utilize it.
Your Money: Housing & Cost Snapshot
- Median gross rent is $1,088, while the median home value is $263,100, making housing relatively affordable.
- 36.6% of the population holds a bachelor's degree, indicating a focus on education.
- The poverty rate is 19.9%, reflecting some economic challenges within the community.
- 45.5% of residents are renters, suggesting a balanced housing market.
Source: U.S. Census Bureau, ACS 5-Year Data Profiles.
Crime & Safety: What the Numbers Say
Minnesota has a relatively low crime rate compared to national averages, with a significant decrease in both violent and property crimes over recent years.
- Violent crime rate is 223.2 per 100,000 residents, which is 31.4% lower than the national average of 325.3.
- Property crime rate stands at 1,420.7 per 100,000, around 8.2% lower than the national average of 1,546.9.
- Notable trend: The violent crime rate has decreased by 21.4% since 2022.
Source: FBI Crime Data Explorer (state-level summarized data for Minnesota).
Schools & Higher Ed
Access to education in the Mankato area includes several institutions, with a total of 4 nearby schools.
- Bethany Lutheran College
- Minnesota State University-Mankato
- Rasmussen University-Mankato
- South Central College (in nearby North Mankato)
Source: ArcGIS Postsecondary School Locations, NCES, College Scorecard.
Weather & Getting Outside
While the climate data is unavailable, Mankato offers several outdoor spots to explore.
- Sibley Park - Rated 4.8 by 2,381 users
- Minneopa State Park - Rated 4.7 by 2,277 users
- Children's Museum of Southern Minnesota - Rated 4.8 by 841 users
- Spring Lake Park - Rated 4.7 by 624 users
Source: Google Places API.