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Plato, Minnesota Demographics & Population 2026

During the 2020–2024 ACS period, Plato, Minnesota had a total population of 242, the 654th largest city in Minnesota, with a median household income of $91,250, which is 2% higher than the state average. The poverty rate is 0.0%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Plato Quick Facts

Population 242
Median Household Income $91,250
Median Home Value $239,700
Poverty Rate 0.0%
Unemployment Rate 0.0%
Median Age 40.1 years
Homeownership Rate 96.8%
Affordability Ratio 2.6x
Bachelor's Degree or Higher 18.0%
High School Graduation Rate 96.5%
Diversity Index 18/100
Population 242 654th of 914
Median Income $91,250 top 30%
Poverty Rate 0.0%
Median Home Value $239,700 above average

How Plato Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population193242+25.4%
Median household income$99,375$91,250-8.2%
Median home value$228,900$239,700+4.7%

How Plato Compares

Economy & Housing

Household Income Distribution

Under $25K 5.3%
$25K-$50K 3.2%
$50K-$100K 47.9%
$100K+ 43.6%
Detailed income brackets
Under $10K
0.0%
$10K-$15K
0.0%
$15K-$20K
4.3%
$20K-$25K
1.1%
$25K-$30K
0.0%
$30K-$35K
2.1%
$35K-$40K
0.0%
$40K-$45K
1.1%
$45K-$50K
0.0%
$50K-$60K
14.9%
$60K-$75K
12.8%
$75K-$100K
20.2%
$100K-$125K
16.0%
$125K-$150K
17.0%
$150K-$200K
9.6%
$200K+
1.1%

Employment

0.0% Unemployment Rate State: 4.1%|National: 5.2%
68.7% Labor Force Participation

Housing Overview

Owner 96.8%
Renter 3.2%
Affordability Index Very Affordable
2.6x home value to income ratio

People & Demographics

Diversity Index

18out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Plato Rankings in Minnesota

#654 Population of 914
#211 Median Income of 887
#523 Education of 914
#283 Home Value of 870

Other Cities in McLeod County

CityPopulationMedian IncomePovertyHome Value
Hutchinson 14,680 $72,836 12.4% $229,600
Glencoe 5,695 $71,356 9.2% $227,900
Winsted 2,181 $67,200 11.3% $201,900
Lester Prairie 1,898 $96,544 3.0% $237,400
Silver Lake 815 $74,432 3.3% $202,600
Stewart 644 $65,982 6.7% $125,400
Brownton 546 $79,712 10.7% $162,500
Biscay 138 $138,750 0.0% $188,900

Cities Similar to Plato

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Williams237N/AN/A4.7%9.7%
Millville247$94,063$159,40016.0%3.2%
Storden244$83,750$81,00017.0%18.9%
Gilman233$93,750$233,60016.2%4.0%
Fairhaven255$89,659$255,60015.7%9.4%

A note before these figures: with a population of 242, Plato's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Plato is a small community located in Minnesota, within McLeod County. The total population is 242. It ranks as the 654th most populous out of 914 Census-designated places in Minnesota.

Age Demographics

The median age in Plato is 40.1 years. This is 3% higher than the state median of 38.8 years.

Economy, Income & Housing

The median household income in Plato is $91,250. This is 2% higher than the state median of $89,062. It is also 13% higher than the national median of $80,734. The ACS records no residents below the poverty line in Plato. In a community this small the estimate rests on very few survey responses, so it should be read as an absence of measurement rather than a measured absence of poverty. The survey records no unemployed residents in Plato, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $239,700. Housing costs are 27% lower than the state median of $329,300. With a home-value-to-income ratio of just 2.6x, Plato is one of the most affordable housing markets in the area. 96.8% of occupied housing units are owner-occupied. This homeownership rate is 34% higher than the state average of 72.2%.

Race & Ethnicity

Plato has a predominantly White (non-Hispanic) population, comprising 90.5% of all residents. Hispanic or Latino residents account for 1.2%. The Hispanic or Latino population (1.2%) is well below the state average of 6.4%.

Education

18.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 54% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.5%.

Data Sources & Methodology

All demographic data for Plato, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Plato, Minnesota?

Plato, Minnesota has a population of 242 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Plato, MN?

The median household income in Plato is $91,250, which is 13% higher than the national median of $80,734.

What is the poverty rate in Plato, MN?

The ACS sample for Plato recorded no residents below the federal poverty line. Because the community is small, this indicates that the survey did not capture poverty here rather than that no poverty exists — the estimate carries a wide margin of error.

What is the racial makeup of Plato, Minnesota?

Plato's population is 90.5% White, 0.0% Black, 1.2% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Plato, MN?

The median home value in Plato is $239,700. The home-value-to-income ratio is 2.6x.

How educated is Plato, Minnesota?

18.0% of adults (25+) in Plato hold a bachelor's degree or higher, and 7.6% hold a graduate or professional degree.