Cost of Living in Mankato, MN
| Cost of Living in Mankato, MN | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 7% lower | 21% lower |
| Utilities (Monthly) | 2% higher | 1% lower |
| Food | 0% | 2% higher |
| Healthcare | 5% higher | 9% higher |
| Transportation | 0% | 3% lower |
| Goods & Services | 1% lower | 0% |
The cost of living in Mankato, MN is 2% lower than the state average and 5% lower than the national average. Mankato, MN housing is 21% cheaper than the U.S average, while utilities are about 1% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 2% pricier in Mankato, MN than in the rest of the country, while clothing costs around 0% .
Healthcare services such as doctor check-ups and dentistry cost 9% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 0% in Mankato, MN.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Mankato is $1,423, while home prices circle around $404,784.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Mankato, energy bills cost around $210.71 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.85 in Mankato, a dozen eggs go for around $4.42 and a pound of potatoes circles around $4.31.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Mankato, an optometry check-up costs around $135.18, while a dentist appointment is priced $120.08 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.09 in Mankato, while getting your tires balanced will run you about $65.07.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $52.13 here. Meanwhile, a pair of women's slacks will set you back around $39.17.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Mankato, you should budget around $11.19 a month. When it comes to personal services, a haircut usually goes for $29.92, while dry cleaning costs about $20.90.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Mankato, the median household income is $64,826.