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Mankato city, Minnesota Demographics & Population 2026

As of 2026, Mankato city, Minnesota has a total population of 44,882, the 22nd largest city in Minnesota, with a median household income of $64,826, which is 26% lower than the state average. The poverty rate is 21.7%.

Mankato city Quick Facts

Population 44,882
Median Household Income $64,826
Median Home Value $250,600
Poverty Rate 21.7%
Unemployment Rate 4.8%
Median Age 26.8 years
Homeownership Rate 50.3%
Affordability Ratio 3.9x
Bachelor's Degree or Higher 36.2%
High School Graduation Rate 93.6%
Diversity Index 33/100
Population 44,882 22nd of 913
Median Income $64,826 average
Poverty Rate 21.7% 74% higher national
Median Home Value $250,600 top 30%

How Mankato city Compares

Economy & Housing

Employment

4.8% Unemployment Rate State: 3.9% | National: 5.2%
69.6% Labor Force Participation

Housing Overview

Owner 50.3%
Renter 49.7%
Affordability Index Affordable
3.9x home value to income ratio

People & Demographics

Diversity Index

33out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 40 | National average: 60

Education

Mankato city Rankings in Minnesota

#22 Population of 913
#478 Median Income of 913
#150 Education of 913
#220 Home Value of 913

Other Cities in Nicollet County

CityPopulationMedian IncomePovertyHome Value
North Mankato city 14,212 $77,571 7.7% $252,700
St. Peter city 12,085 $65,042 17.5% $238,700
Nicollet city 966 $80,500 8.7% $214,100
Courtland city 844 $105,625 0.7% $250,000
Lafayette city 478 $95,500 2.7% $142,700

Cities Similar to Mankato city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Moorhead city44,706$69,371$246,30042.3%17.7%
Maplewood city40,981$88,534$291,30036.3%10.0%
Shakopee city45,002$110,989$361,40039.9%5.1%
St. Louis Park city49,541$100,250$371,60063.9%7.3%
Richfield city36,725$84,055$320,40044.3%7.3%

Population Overview

Mankato city is a mid-sized community located in Minnesota, within Nicollet County. The total population is 44,882. It ranks as the 22nd most populous out of 913 cities and towns in Minnesota.

Age Demographics

The median age in Mankato city is 26.8 years. This is 31% lower than the state median of 38.6 years.

Economy, Income & Housing

The median household income in Mankato city is $64,826. This is 26% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 17% lower. The poverty rate stands at 21.7%. This is 136% higher than the state poverty rate of 9.2%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 4.8%. This is 23% higher than the state rate of 3.9%. The median home value is $250,600. Housing costs are 18% lower than the state median of $305,500. The home-value-to-income ratio is 3.9x. 50.3% of occupied housing units are owner-occupied. This homeownership rate is 31% lower than the state average of 72.4%.

Race & Ethnicity

The largest racial or ethnic group in Mankato city is White (non-Hispanic), making up 81.5% of the population. Black or African American residents account for 6.7%.

Education

36.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 7% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.6%.

Data Sources & Methodology

All demographic data for Mankato city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Mankato city, Minnesota?

Mankato city, Minnesota has a population of 44,882 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Mankato city, MN?

The median household income in Mankato city is $64,826, which is 17% lower the national median of $78,538.

What is the poverty rate in Mankato city, MN?

The poverty rate in Mankato city is 21.7%. This means approximately 9,008 residents live below the federal poverty line.

What is the racial makeup of Mankato city, Minnesota?

Mankato city's population is 81.5% White, 6.7% Black, 5.3% Hispanic/Latino, and 3.4% Asian.

What is the median home value in Mankato city, MN?

The median home value in Mankato city is $250,600. The home-value-to-income ratio is 3.9x.

How educated is Mankato city, Minnesota?

36.2% of adults (25+) in Mankato city hold a bachelor's degree or higher, and 12.6% hold a graduate or professional degree.