Cost of Living: Mankato, MN vs New York, NY
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,119/mo in Mankato, MN versus $4,116/mo in New York, NY. In the model, rent is about 15.87% of gross in Mankato, MN versus 25.92% in New York, NY, so Mankato, MN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Mankato, MN and New York, NY.
At a glance
- Cheaper overall (lower cost-of-living index): Mankato, MN
- Lower rent (median 1BR/2BR): Mankato, MN
- Lower home prices: Mankato, MN
- Higher median household income: New York, NY
Cost of Living Index
Mankato, MN: 100 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)
Mankato, MN has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.
Median Rent
Mankato, MN: $1,035/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo
Median rent in New York, NY is $655/mo higher than in Mankato, MN.
Median Home Price
Mankato, MN: $250,600 · New York, NY: $751,700
Median home price in New York, NY is $501,100 higher than in Mankato, MN.
Median Household Income
Mankato, MN: $64,826 · New York, NY: $79,713
New York, NY has a higher median household income than Mankato, MN by $14,887.
Mankato, MN overview · New York, NY overview · Popular comparisons