Plato, Minnesota (55370) is a small town located in western Sibley County. It has a population of about 500 people and is known for its quiet, quaint atmosphere. The 2 bedroom rent in Plato is $840, which is much lower than the US average of $1,430. Additionally, the grocery cost index in Plato is also lower at 100 compared to the US index of 100.
In Plato there are plenty of local companies and amenities to take advantage of. There are two restaurants - Country Inn Restaurant & Bar and Joyce's Diner - as well as a gas station and grocery store called Poppen Family Foods. Other businesses include real estate agencies such as Real Estate Solutions-Sibley Realty as well as retail stores like 3D Touch Floral & Design LLC. Amenities nearby include recreational parks, lakes for fishing and camping sites such as Big Lookout State Park located just 8 miles away from town.
Plato (zip 55370) has an unemployment rate of 5.1%. The US average is 6.0%.
Plato (zip 55370) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Plato (zip 55370)
- The Sales Tax Rate for Plato (zip 55370) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Plato (zip 55370) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Plato (zip 55370)
- The average income of a Plato (zip 55370) resident is $31,295 a year. The US average is $28,555 a year.
- The Median household income of a Plato (zip 55370) resident is $86,250 a year. The US average is $69,021 a year.