Plato vs Silver Lake

A side-by-side comparison of Plato and Silver Lake: population, income, housing, and more.

Plato and Silver Lake are places in Minnesota. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Silver Lake has the higher population (922 vs 193 in Plato). Plato has the higher median household income ($99,375 vs $75,000 in Silver Lake). Plato has the higher median home value ($228,900 vs $184,800 in Silver Lake).

Population, income & housing

	Plato	Silver Lake
Population	193	922
Median age	40.5 yrs	40.0 yrs
Median household income	$99,375	$75,000
Median home value	$228,900	$184,800
Median gross rent	—	$769
Housing units	88	403
Homeownership rate	98.8%	78.9%
Bachelor's degree or higher	21.7%	12.3%
Unemployment rate	0.0%	5.2%

Trends (ACS 5-year, 2019–2023)

	Plato	Silver Lake
Population	252 → 193 (-23.4%)	945 → 922 (-2.4%)
Median household income	$52,361 → $99,375 (+89.8%)	$64,479 → $75,000 (+16.3%)
Median home value	$162,500 → $228,900 (+40.9%)	$140,700 → $184,800 (+31.3%)
Median gross rent	—	$525 → $769 (+46.5%)

Plato

Population

252193

Median household income

$52,361$99,375

Median home value

$162,500$228,900

Silver Lake

Population

945922

Median household income

$64,479$75,000

Median home value

$140,700$184,800

Median gross rent

$525$769

Age & race/ethnicity

Age distribution (share)

	Plato	Silver Lake
Under 5	2.6%	5.0%
5 to 17	16.6%	17.4%
18 to 24	6.7%	10.4%
25 to 34	11.4%	10.6%
35 to 44	20.7%	13.9%
45 to 54	15.5%	9.1%
55 to 64	5.7%	14.8%
65 to 74	17.1%	12.4%
75 and over	3.6%	6.5%

Race & ethnicity (share)

	Plato	Silver Lake
White (non-Hispanic)	99.0%	87.4%
Black or African American	0.0%	0.8%
American Indian & Alaska Native	0.0%	0.0%
Asian	0.0%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.5%	0.0%
Two or more races	0.5%	6.3%
Hispanic or Latino	0.0%	5.5%

Educational attainment (age 25+)

Share of adults 25+

	Plato	Silver Lake
No high school diploma	6.3%	14.5%
High school graduate	31.5%	43.4%
Some college or associate's	40.6%	29.8%
Bachelor's degree	13.3%	8.4%
Graduate or professional degree	8.4%	3.9%

Commute to work

How workers get to work (share)

	Plato	Silver Lake
Drove alone	89.8%	83.5%
Carpooled	1.9%	8.8%
Public transit	0.0%	0.0%
Walked	0.9%	2.4%
Bicycle	0.0%	0.0%
Worked from home	7.4%	4.7%
Other means	0.0%	0.6%

Housing

Units in structure (share)

	Plato	Silver Lake
1-unit, detached	100.0%	75.9%
1-unit, attached	0.0%	0.5%
2 to 4 units	0.0%	13.4%
5 to 19 units	0.0%	10.2%
20 or more units	0.0%	0.0%
Mobile home & other	0.0%	0.0%

Poverty & households

	Plato	Silver Lake
Poverty rate	0.0%	4.7%
Average household size	2.38	2.41
Mean commute (minutes)	27	24
Median year structure built	1973	1955