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None of the Mankato area's 10 most common jobs can buy a home in Madison Lake

The typical house costs $453,485. At today's 7.32% mortgage rate, buying it takes $132,086 a year.

ESTIMATEHome price for Madison Lake. Rent, jobs, and tax for the Mankato area. How the estimate works

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THE MANKATO AREA'S 10 MOST COMMON JOBS, BY MEDIAN PAY

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  1. Registered nurses
    $103,400Rent a house
  2. General and operations managers
    $86,890Rent a house
  3. Office clerks, general
    $47,890Rent over 30%
  4. Customer service representatives
    $47,320Rent over 30%
  5. Nursing assistants
    $46,430Rent over 30%
  6. Stockers and order fillers
    $39,360Rent over 30%
  7. Home health and personal care aides
    $37,560Rent over 30%
  8. Retail salespersons
    $35,350Rent over 30%
  9. Cashiers
    $33,530Rent over 30%
  10. Fast food and counter workers
    $30,000Rent over 30%

Each line is the yearly pay where that home fits the rule: rent at 30% of pay or less, and the mortgage, tax, insurance, and HOA at 28% of pay or less.

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