Living in Plato, Minnesota
Cost of living, income, home prices, rent and demographics of Plato · Census data 2020–2024
Plato has 242 residents with a median age of 40.1. The median household income is $91,250 (about the same as the Minnesota median), the median home value is $239,700.
Plato is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Plato at a glance
- Population
- 242
- Median age
- 40.1State: 38.8
- Median household income
- $91,250State: $89,062
- Median home value
- $239,700State: $329,300
- Homeowners
- 96.8%
- Bachelor's degree or higher
- 18%
- Average commute
- 29 min
Is Plato a good place to live?
Pros: Median household income about the same as the Minnesota median; home values 27% lower than the state median.
Cons: An average commute of 29 minutes.
The weather is best in June to September.
Cost of living in Plato
Housing is the biggest part of the cost of living. In Plato the median home value is $239,700, 28% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,568 a month in housing costs.
Plato median household income
The median household income in Plato is $91,250 and the income per person is $38,648. 0% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Plato: homes for sale and rent
- Housing units
- 101
- Owner-occupied
- 96.8%
- Renter-occupied
- 3.2%
- Vacant
- 6.9%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.57
Plato demographics
- Population
- 242
- Median age
- 40.1
- Under 18
- 25.6%
- 65 and older
- 17.8%
- Households
- 94
- Foreign-born
- 0%
- Veterans
- 3.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Plato ›
Education in Plato
18% of adults 25 and older in Plato have a bachelor's degree or higher (Minnesota: 39.4%), and 7.6% have a graduate or professional degree.
Jobs and commute in Plato
- Unemployment rate
- 0%State: 4.1%
- Average commute
- 29 minState: 23 min
- Work from home
- 8.8%
- Drive alone
- 88.8%
- Public transit
- 0%
- Walk to work
- 0.8%
- Homes with broadband
- 96.8%
Plato vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Plato | 242 | $91,250 | $239,700 | — |
| Hamburg | 547 | $72,188 | $239,900 | $955 |
| Glencoe | 5,695 | $71,356 | $227,900 | $1,101 |
| Norwood Young America | 3,849 | $71,364 | $299,300 | $1,073 |
| Green Isle | 466 | $88,333 | $200,700 | $1,725 |
| Lester Prairie | 1,898 | $96,544 | $237,400 | $688 |
| New Germany | 595 | $93,864 | $258,000 | $1,107 |
| Mayer | 2,518 | $124,917 | $342,700 | $1,563 |
| Arlington | 2,065 | $68,073 | $206,300 | $549 |
More for people moving to Plato
Plato ZIP code ›Weather and climate ›Living in Plato: FAQ
What is the median household income in Plato, MN?
The median household income in Plato is $91,250, about the same as the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Plato?
The median home value in Plato is $239,700, compared with $329,300 in Minnesota.
Is Plato, MN a good place to live?
Pluses: median household income about the same as the Minnesota median; home values 27% lower than the state median. Minuses: an average commute of 29 minutes.
What is the median age in Plato?
The median age in Plato is 40.1 years (Minnesota: 38.8).
How long is the commute in Plato?
The average commute to work in Plato is 29 minutes; 8.8% of workers work from home.
What is the unemployment rate in Plato?
The unemployment rate in Plato is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Plato?
18% of adults in Plato have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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