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This question is about Mankato, MN.
What is a good salary in Mankato, MN?
A good salary in Mankato, MN is anything over $46,000. That's because the median income in Mankato is $46,000, which means if you earn more than that you're earning more than 50% of the people living in Mankato. The average salary in Mankato is $52,356.
A good hourly wage in Mankato is $22.12 per hour. That works out to a good weekly wage of $884 per week and a good monthly wage of $3,833 per month. However, using the median income is only one way to calculate a good salary in Mankato.
Another way to calculate a good salary in Mankato is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $179,400, a good salary in Mankato would be $35,880.
Lastly, we can determine a good salary in Mankato by looking at the cost of living and comparing it to the US average salary. The cost of living in Mankato is 6% lower than than the national average. The national average salary is $56,310, so a good salary in Mankato is anything over $52,931 by this measure.
Average Annual Salary in Mankato, MN
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $25,000 | $2,083 | $480 | $12.02 |
| 25th | $33,000 | $2,750 | $634 | $15.87 |
| Median | $46,000 | $3,833 | $884 | $22.12 |
| 75th | $64,000 | $5,333 | $1,230 | $30.77 |
| 90th | $85,000 | $7,083 | $1,634 | $40.87 |
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