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Metropolitan Statistical Area

Cost of living in the Mankato Metro Area

2 counties across MN. Population: 103,736.

Avg. 1-bed rent
$969/mo
Avg. household income
$75,186/yr
Avg. home value
$254,687
Avg. monthly cost
$2,948/mo

Last updated May 22, 2026

Rent in the Mankato Metro Area

Average rent across the Mankato metro area, weighted by county population.

Studio
$963
per month
1 bedroom
$969
per month
2 bedroom
$1,174
per month
3 bedroom
$1,645
per month
4 bedroom
$1,971
per month

Source: HUD FMR + ACS (population-weighted metro average)

Income and earnings in the Mankato Metro Area

Earnings data averaged across all 2 counties.

Household income
$75,186
per year
Individual earnings
$37,492
per year
Per capita
$38,607
per year

Source: ACS (population-weighted metro average)

Home values in the Mankato Metro Area

Average home values and annual property tax across the metro.

Average home value
$254,687
Average annual property tax
$2,620

Source: ACS (population-weighted metro average)

Energy costs in the Mankato Metro Area

Residential electricity and natural gas estimates.

Monthly electricity
$124
per month
Monthly gas
$63
per month
Annual total
$2,244
per year

Source: EIA (state averages applied per county, weighted)

All 2 counties in the Mankato Metro Area

The Mankato metro area includes 2 counties. Sorted by population.

Compare counties in the Mankato Metro Area

Put two counties side by side to see how rent, taxes and everyday costs stack up across the metro.

Open comparison tool

Frequently asked questions about the Mankato Metro Area

Common questions about cost of living in the metro area.

What is the cost of living in the Mankato Metro Area?

The estimated average cost of living in the Mankato metro area is approximately $2,948 per month for a single person. This is a population-weighted average across the 2 counties that make up the metro area.

What is the average rent in the Mankato Metro Area?

The average one-bedroom rent across the Mankato metro area is $969 per month, based on HUD Fair Market Rent data weighted by county population.

What is the cheapest county in the Mankato Metro Area?

Blue Earth County, MN is the most affordable county in the Mankato metro area at approximately $2,927 per month for a single person.

What is the most expensive county in the Mankato Metro Area?

Nicollet County, MN is the most expensive county in the Mankato metro area at approximately $2,990 per month for a single person.

How many counties are in the Mankato Metro Area?

The Mankato metro area covers 2 counties. The five largest by population are Blue Earth County, Nicollet County.

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About this data

All figures come from official U.S. government sources. Metro-area averages are population-weighted across constituent counties using Census ACS population estimates.