HomeMinnesotaMcLeod CountyPlato city
Plato city, Minnesota: commercial real estate data.
Plato city is a Census city of 242 people across 0.35 square miles of land, in McLeod County. Median household income is $91,250, 96.8 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $2.0 m.
64 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Plato
What Plato is
- Census place typecity
- Land area0.35 sq mi
- Water area0 sq mi
- Population per square mile of land698 plus or minus 185
- County holding the largest share of its areaMcLeod County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Plato
How many people live in Plato
- Population242 plus or minus 64
- Median age40.1
- Population under 1862 plus or minus 25
- Share under 1825.6 percent plus or minus 7.8
- Population 65 and over43 plus or minus 22
- Share 65 and over17.8 percent plus or minus 7.6
- Households94 plus or minus 26
- Family households70 plus or minus 22
- Share of households that are families74.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Plato
Income and work in Plato
- Median household income$91,250
- Per capita income$38,648
- Civilian labor force127 plus or minus 35
- Employed127 plus or minus 35
- Unemployed0
- Unemployment rate0.0 percent
- Adults 25 and over172 plus or minus 45
- Adults 25 and over with a high school diploma or higher96.5 percent plus or minus 33.7
- Adults 25 and over with a bachelor degree or higher18.0 percent plus or minus 8.1
- Adults 25 and over with a graduate degree7.6 percent plus or minus 7.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Plato
Housing in Plato
- Housing units101 plus or minus 30
- Occupied units94 plus or minus 26
- Vacant units7 plus or minus 15
- Vacancy rate6.9 percent plus or minus 14.7
- Owner occupied91 plus or minus 25
- Renter occupied3 plus or minus 4
- Ownership rate96.8 percent plus or minus 37.7
- Median owner-occupied home value$239,700
- Single family units101 plus or minus 32
- Share single family100.0 percent
- Units in buildings of two or more0
- Share in buildings of two or more0.0 percent
- Mobile homes0
- Median year structure built1972
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Plato
How Plato gets to work
- Workers 16 and over who commute114 plus or minus 32
- Commuting under 15 minutes34 plus or minus 15
- Share commuting under 15 minutes29.8 percent plus or minus 10.3
- Commuting 30 minutes or more53 plus or minus 21
- Share commuting 30 minutes or more46.5 percent plus or minus 12.9
- Drove alone88.8 percent
- Carpooled1.6 percent plus or minus 2.4
- Public transport0.0 percent
- Walked0.8 percent plus or minus 1.6
- Worked from home8.8 percent plus or minus 8.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Plato
SBA loans in Plato (7(a))
- Approvals1
- Gross approval$2,034,000
- Average approval$2,034,000
- Median approval$2,034,000
- Ninetieth percentile approval$2,034,000
- Largest approval$2,034,000
- Jobs supported18
- Jobs per approval18.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term300 months
- Share on real estate terms of 20 years or more100.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
McLeod County, not Plato
McLeod County context, not Plato figures
These are McLeod County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Plato measurements.
- Establishments in McLeod County956
- Employment at those establishments, McLeod County14,890
- Covered employment, McLeod County15,697
- Average annual pay, McLeod County$56,991
- Average weekly wage, McLeod County$1,096
- Housing units permitted, McLeod County50
- Of those, single family, McLeod County50
- County product, 2024, McLeod County$2,396,536,000
- County product change over the prior year, McLeod County4.2 percent
- Average income of an arriving household, McLeod County$58,211
Every figure in this section is published for McLeod County as a whole and is not a measurement of Plato. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- No median gross rent is published for this place.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Plato questions, answered from the record.
How many people live in Plato, Minnesota?
242, in 94 households. Plato city covers 0.35 square miles of land, which is 698 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Plato in?
McLeod County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Plato?
$91,250. The median owner-occupied home is valued at $239,700. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Plato businesses?
1 7(a) approvals totalling $2.0 m, across 1 lenders, median approval $2,034,000. These count approvals to borrowers whose address is in Plato, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Plato borrowers get paid back?
No rate is published for Plato. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Plato figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for McLeod County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Plato.
Is zoning published for Plato?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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