Last updated: 2024 BLS data · Page refreshed:
Mankato has a population of 925 with a median age of 51.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 925 |
| Median Age | 51.5 |
| White | 89.0% |
| Black or African American | 1.7% |
| Asian | 0.6% |
| Hispanic or Latino | 7.5% |
| Other / Two or More Races | 1.2% |
The median household income in Mankato is $50,893, which is 36.9% below the national median of $80,610. The per capita income is $39,559. The poverty rate is 9.8%.
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In Mankato, 94.7% of residents age 25+ have a high school diploma or higher, and 17.1% hold a bachelor's degree or higher (6.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 94.7% |
| Bachelor's Degree or Higher | 17.1% |
| Graduate or Professional Degree | 6.3% |
The median home value in Mankato is $55,800, below the national median of $303,400. The median monthly rent is $639. The homeownership rate is 66.5%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $55,800 |
| Median Monthly Rent | $639 |
| Homeownership Rate | 66.5% |
| Vacancy Rate | 15.0% |
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