Housing costs in Plato?
A typical home costs
$315,500, which is 6.7% less expensive than the national average of
$338,100 and 1.9% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Plato costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 51.2% cheaper than the state average of
$1,240.
Can I afford Plato?
To live comfortably in Plato, Minnesota, a minimum annual income of
$60,480 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Plato?
The cost of living in Plato, MN is fairly reasonable compared to the rest of the country. Housing costs are some of the lowest in the nation, as median home prices are around $105,000. Utility costs such as electricity and water are also quite low when compared to other parts of the United States. Food costs are also very affordable and many local restaurants offer good prices for take out meals and snacks. The local tax rate is also quite low at only 6%, making it a great place to live if you want to save money on your monthly expenses.