Example household · Mankato, MN · $83,730 · same pay · 1 adult

Downtown Waterloo Iowa

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Mankato vs Waterloo

Mankato and Waterloo

Photo: Stephen Cummings / Wikimedia, CC BY 2.0

Assumed income $83,730, same in both cities. Example, until you change it.

Same pay in both cities. One adult, one bedroom.

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So you know: homicide deaths in Waterloo are under the US rate in this release, 5.4 versus 6.5 per 100,000. CDC via County Health Rankings, CDC NVSS 2017–2023 (CHR 2025 release).

Why people look at Mankato to Waterloo

IRS migration on this site does not list a filed flow from Mankato to Waterloo above the cutoff in 2022-2023.

A one-bedroom asking rent is about $934 in Mankato and $788 in Waterloo. Mankato has a state tax on wages. Waterloo has a state tax on wages. Local pay in Waterloo is 88% of the national level for the same work, against 85% in Mankato.

Waterloo averages 204 sunny days, with July highs around 82°F and January nights around 17°F. Mankato is 203 sunny days, 82°F in July, 13°F in January. Commutes average 17 minutes in Waterloo and 17 in Mankato.

These figures are projections built from available public data. Conditions change, and the numbers may not reflect current prices, taxes, or immigration rules. Check official sources before you make decisions.

How we figure this

Who already made this move

The IRS did not publish a large enough Mankato → Waterloo pair for 2022-2023. That usually means fewer than a few dozen tax returns, not that nobody moved.

Source: IRS SOI county-to-county migration. Not a moving company; not a recommendation.

The monthly number is take-home pay minus rent and the other bills. The gap between Mankato and Waterloo changes with the job, remote or local pay, and bedrooms. How we figure this.

What the move itself costs

About 168 road miles, 1 bedroom. Typical ranges, not quotes.

Full-service mover
$1,700–$3,200
Container or pod
$1,150–$2,150
Rent a truck
$450–$800

Movers in Waterloo and how to hire one →

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Questions

Is Waterloo cheaper than Mankato after tax and rent?

Yes. Waterloo leaves about $276 more a month, so the cost of living is lower there for this household. A one-bedroom is about $934 in Mankato and $788 in Waterloo.

Does Waterloo have state income tax?

Waterloo is in Iowa, which taxes wage income.

Did people actually move from Mankato to Waterloo?

Yes, when the IRS published that flow. The count and their average income are on this page. Leftover prices the same household in both cities.