Platte, SD
Population 1,310 · South Dakota
About Platte, SD
Platte is a small town located in South Dakota with a population of 1,310 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,641 per year, which is 5% below the national median of $75,149. The median age of 32.9 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Platte features a median home value of $165,700, which is 32% below the national median of $244,900. This positions Platte in a moderately priced market relative to the rest of the country. Median monthly rent is $860, 26% below the national average of $1,163/month. Of the 615 total housing units, 70% are owner-occupied (387 units) and 30% are renter-occupied (165 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Platte shows an unemployment rate of 0.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 16.2%, above the national average of 12.4%. Workers in Platte have an average one-way commute time of 7.2 minutes, one of the shorter commutes in the region.
Education & Demographics
29.7% of Platte residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.8% White, 1.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.8% of the population being foreign-born.
How Platte Ranks in South Dakota
Cost of Living in Platte, SD
Compared to national averages, Platte has a median household income of $71,641 (5% below the national median of $75,149). Home values average $165,700, which is 32% below the national median. Monthly rent at $860 is 26% below the US average of $1,163. Within South Dakota, Platte's income is 11% above the state average of $64,650, and home values are 15% above the state median of $143,757.
Why Live in Platte, SD?
Platte offers affordable housing with a median home value of $165,700, below the US average of $244,900, and rent that’s lower than the national average at $860/month, and a strong job market with an unemployment rate of just 0.8%. Additionally, the city features short commute times averaging just 7.2 minutes.
Potential considerations include median household income ($71,641) that falls below the national average. However, Platte’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Platte has a population of 1,310 with a median age of 32.9 years. Compare Platte with other cities to see how it stacks up, or explore all cities in South Dakota.
Similar Cities Near Platte
Cities in South Dakota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Deadwood | 1,319 | $52,679 | $227,000 | Compare |
| Gregory | 1,330 | $47,629 | $105,600 | Compare |
| Gettysburg | 1,344 | $59,667 | $127,000 | Compare |
| Miller | 1,346 | $51,774 | $135,100 | Compare |
| Parker | 1,247 | $87,632 | $208,000 | Compare |
| Mission | 1,380 | $34,000 | $56,900 | Compare |
| Crooks | 1,216 | $104,479 | $270,500 | Compare |
| Lemmon | 1,214 | $42,461 | $79,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in South Dakota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Platte With Other Cities
Frequently Asked Questions about Platte
What is the population of Platte, SD?
The population of Platte, SD is 1,310 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in South Dakota.
What is the median household income in Platte?
The median household income in Platte, SD is $71,641 per year, which is 5% below the national median of $75,149.
What is the median home value in Platte?
The median home value in Platte, SD is $165,700, which is 32% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Platte?
The median monthly rent in Platte, SD is $860, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Platte?
The unemployment rate in Platte, SD is 0.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Platte, SD a good place to live?
Platte offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,310 and a median age of 32.9, the city appeals to young professionals and families.
How educated is Platte, SD?
29.7% of residents in Platte 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 Platte?
Key cost-of-living indicators for Platte, SD: median home value is $165,700 (32% below national), median rent is $860/month, and median household income is $71,641. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Platte?
The poverty rate in Platte, SD is 16.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Platte, SD?
Platte's population is 1.8% White, 1.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.8% of residents are foreign-born.