Last updated: 2024 BLS data · Page refreshed:
Mankato has a population of 45,473 with a median age of 26.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 45,473 |
| Median Age | 26.5 |
| White | 82.0% |
| Black or African American | 7.1% |
| Asian | 3.4% |
| Hispanic or Latino | 5.2% |
| Other / Two or More Races | 2.3% |
The median household income in Mankato is $66,873, which is 17.0% below the national median of $80,610. The per capita income is $33,811. The poverty rate is 20.6%.
The unemployment rate in Mankato is 2.5%, compared to the national rate of 4.1%.
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In Mankato, 93.3% of residents age 25+ have a high school diploma or higher, and 35.1% hold a bachelor's degree or higher (11.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 93.3% |
| Bachelor's Degree or Higher | 35.1% |
| Graduate or Professional Degree | 11.9% |
The median home value in Mankato is $261,700, below the national median of $303,400. The median monthly rent is $1,132. The homeownership rate is 50.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $261,700 |
| Median Monthly Rent | $1,132 |
| Homeownership Rate | 50.0% |
| Vacancy Rate | 7.4% |
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