Plato, SD is a small town located in South Dakota with an estimated population of only 116 people according to the US Census Bureau’s 2020 estimates. Despite its small size, it has earned high rankings with Best Places ranking systems for features like cost of living, jobs and housing. Cost of living is especially low in Plato, SD, with the average cost of goods and services being 18.9% less than the national average. Additionally, the unemployment rate here is lower than the national average at 4.7%, making it a desirable place for job seekers to consider. In terms of housing prices, they are also quite reasonable in Plato compared to many other areas in South Dakota – median home values are $133,300 which is significantly lower than other places in South Dakota or even neighboring states like North Dakota and Minnesota. All this combined makes Plato one of the most affordable places to live in South Dakota with numerous economic advantages.
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