Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 36.2 yrs |
|---|---|
| Avg HH Size | 2.94 |
| Below Poverty | 3.8% ▼ 62% below avg |
| College Grads | 32.5% ▼ 16% below avg |
| Unemployment | 1.5% ▼ 70% below avg |
| No HS Diploma | 11 (2.9%) |
| HS Graduate | 104 (27.2%) |
| Some College | 73 (19.1%) |
| Associates | 70 (18.3%) |
| Bachelors | 61 (16%) |
| Graduate Degree | 63 (16.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $117,344 ▲ 54% above avg |
|---|---|
| Median Home Value | $332,100 ▲ 19% above avg |
| Home/Income Ratio | 2.8x (nat avg ~3.5x) |
| Total Housing Units | 234 |
| Vacant Units | 21 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Plato is a city in Minnesota, located in McLeod County. The city spans 1 ZIP code and is home to approximately 627 residents. It is a relatively young city, with a median age of 36.2 years.
Economically, Plato is a upper-middle-income community. The median household income of $117,344 is significantly above the national average. Approximately 3.8% of residents live below the poverty line. The unemployment rate is 1.5%, well below the national average.
The real estate market in Plato is a mid-range housing market. Median home values stand at $332,100, which is above the national average. Homeownership is high at 95.8%, typical of suburban and family-oriented communities.
The population of Plato is moderately educated. 32.5% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (83.41%).
Plato, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55370 | 627 | $117,344 | $332,100 | — | 1.5% | 32.5% | 95.8% |