Plato, MN
Population 193 · Minnesota
About Plato, MN
Plato is a small community located in Minnesota with a population of 193 residents according to the latest US Census Bureau American Community Survey data. The median household income is $99,375 per year, which is 32% above the national median of $75,149. The median age of 40.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Plato features a median home value of $228,900, which is 7% below the national median of $244,900. This positions Plato in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 88 total housing units, 99% are owner-occupied (80 units) and 1% are renter-occupied (1 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Plato shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Plato have an average one-way commute time of 27.3 minutes.
Education & Demographics
21.7% of Plato residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Plato, MN
Compared to national averages, Plato has a median household income of $99,375 (32% above the national median of $75,149). Home values average $228,900, which is 7% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Plato's income is 34% above the state average of $74,221, and home values are 12% above the state median of $204,472.
Why Live in Plato, MN?
Plato offers a strong local economy with a median household income of $99,375, well above the national average, and affordable housing with a median home value of $228,900, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 0.0%, better than the national average.
Plato has a population of 193 with a median age of 40.5 years. Compare Plato with other cities to see how it stacks up, or explore all cities in Minnesota.
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Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Plato
What is the population of Plato, MN?
The population of Plato, MN is 193 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Plato?
The median household income in Plato, MN is $99,375 per year, which is 32% above the national median of $75,149.
What is the median home value in Plato?
The median home value in Plato, MN is $228,900, which is 7% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Plato?
The median monthly rent in Plato, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Plato?
The unemployment rate in Plato, MN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Plato, MN a good place to live?
Plato offers above-average incomes, affordable housing, and a strong job market. With a population of 193 and a median age of 40.5, the city appeals to a broad range of residents.
How educated is Plato, MN?
21.7% of residents in Plato aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Plato?
Key cost-of-living indicators for Plato, MN: median home value is $228,900 (7% below national), median rent is $0/month, and median household income is $99,375. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Plato?
The poverty rate in Plato, MN is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Plato, MN?
Plato's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.