Madison Lake vs Mankato

A side-by-side comparison of Madison Lake and Mankato: population, income, housing, and more.

Madison Lake and Mankato are places in Minnesota. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Mankato has the higher population (44,882 vs 1,178 in Madison Lake). Madison Lake has the higher median household income ($84,833 vs $64,826 in Mankato). Madison Lake has the higher median home value ($281,300 vs $250,600 in Mankato).

Population, income & housing

	Madison Lake	Mankato
Population	1,178	44,882
Median age	39.2 yrs	26.8 yrs
Median household income	$84,833	$64,826
Median home value	$281,300	$250,600
Median gross rent	$829	$1,089
Housing units	669	19,186
Homeownership rate	68.9%	50.3%
Bachelor's degree or higher	36.9%	36.2%
Unemployment rate	3.9%	4.8%

Trends (ACS 5-year, 2019–2023)

	Madison Lake	Mankato
Population	976 → 1,178 (+20.7%)	42,093 → 44,882 (+6.6%)
Median household income	$85,750 → $84,833 (-1.1%)	$47,924 → $64,826 (+35.3%)
Median home value	$206,600 → $281,300 (+36.2%)	$179,400 → $250,600 (+39.7%)
Median gross rent	$732 → $829 (+13.3%)	$899 → $1,089 (+21.1%)

Madison Lake

Population

9761,178

Median household income

$85,750$84,833

Median home value

$206,600$281,300

Median gross rent

$732$829

Mankato

Population

42,09344,882

Median household income

$47,924$64,826

Median home value

$179,400$250,600

Median gross rent

$899$1,089

Age & race/ethnicity

Age distribution (share)

	Madison Lake	Mankato
Under 5	6.7%	5.0%
5 to 17	22.2%	12.4%
18 to 24	3.7%	29.4%
25 to 34	12.9%	13.9%
35 to 44	13.6%	11.2%
45 to 54	11.6%	7.9%
55 to 64	11.7%	7.7%
65 to 74	13.7%	6.8%
75 and over	3.9%	5.8%

Race & ethnicity (share)

	Madison Lake	Mankato
White (non-Hispanic)	95.2%	81.5%
Black or African American	1.4%	6.7%
American Indian & Alaska Native	0.0%	0.2%
Asian	0.0%	3.4%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.1%
Two or more races	3.0%	2.8%
Hispanic or Latino	0.5%	5.3%

Educational attainment (age 25+)

Share of adults 25+

	Madison Lake	Mankato
No high school diploma	3.1%	6.4%
High school graduate	24.2%	21.9%
Some college or associate's	35.8%	35.5%
Bachelor's degree	21.3%	23.6%
Graduate or professional degree	15.6%	12.6%

Commute to work

How workers get to work (share)

	Madison Lake	Mankato
Drove alone	77.6%	73.6%
Carpooled	3.8%	11.2%
Public transit	0.0%	2.7%
Walked	4.5%	3.5%
Bicycle	0.0%	0.3%
Worked from home	13.5%	7.8%
Other means	0.5%	0.9%

Housing

Units in structure (share)

	Madison Lake	Mankato
1-unit, detached	66.7%	45.1%
1-unit, attached	14.2%	8.6%
2 to 4 units	7.6%	8.5%
5 to 19 units	6.7%	11.7%
20 or more units	0.0%	21.2%
Mobile home & other	4.8%	4.9%

Poverty & households

	Madison Lake	Mankato
Poverty rate	6.7%	21.7%
Average household size	2.44	2.32
Mean commute (minutes)	22	15
Median year structure built	1984	1981