Financial Literacy in Coates, MN
Coates, Minnesota is home to about 136 people. The population has declined 4.9% since 2020, from 143 to 136. The median age is 42.9.
14.1% of Coates residents 25 and older have completed a bachelor's degree or more. That sits 6 points below the Minnesota average of 20.1%. Put the other way round: of the 85 adults 25 and over counted in the 2019–2023 ACS, roughly 73 — 85.9% — are building their financial lives without a four-year degree behind them.
The typical household here earns $79,583 a year. That is $10,893 above the Minnesota median. About 17.1% of residents live below the poverty line. The median home is valued at $236,800 — about 3× the median household income, a ratio that makes the arithmetic of a mortgage worth understanding before signing one.
Coates by the numbers
| Measure | Value |
|---|---|
| Population (2024) | 136 |
| Change since 2020 | -4.9% |
| Median household income | $79,583 |
| Adults 25+ with a bachelor’s degree | 14.1% |
| Adults 25+ with a high school diploma | 90.6% |
| Median age | 42.9 |
| Poverty rate | 17.1% |
| Unemployment rate | 5.3% |
| Median home value | $236,800 |
| Land area | 1.498 sq mi |
| Population density | 91 / sq mi |
What Minnesota teaches — and to whom
Minnesota has committed to 1 semester of personal finance as a graduation requirement, phasing in with the class of 2028 — so today's middle schoolers will be the first cohort held to it. That covers students still in the system. It does nothing for the adults already out of it — which, in Coates, is most of the people reading this.
LearnLife organises this the way the decisions actually arrive: Emotional regulation — the self-management that decides whether the other skills ever get used; Money — budgeting, credit, debt and taxes — the mechanics nobody is formally taught; Legal literacy — leases, contracts, employment rights and what a signature actually commits you to.
Where to start in Coates
Understand what a shrinking tax base changes
Coates has lost 4.9% of its population since 2020. Declining places tend to see slower home appreciation and tighter municipal budgets, which makes the buy-versus-rent calculation genuinely different here than the national advice assumes.
Questions people ask about Coates
Do high school students in Coates, Minnesota have to take a personal finance class?
Yes — Minnesota has adopted a standalone requirement, phasing in with the graduating class of 2028. Students graduating before then are not covered.
How many adults in Coates, Minnesota have a college degree?
14.1% of adults 25 and older hold a bachelor's degree or higher, based on the Census Bureau's 2019–2023 American Community Survey. The remaining 85.9% are managing their finances without one.
What is the median household income in Coates, Minnesota?
$79,583, per the Census Bureau's 2019–2023 American Community Survey.
Where can adults in Coates, Minnesota learn personal finance?
Graduation requirements only ever reach people still in school. For adults, LearnLife covers the same ground on demand — money, legal literacy and the self-management that decides whether either gets used.
Start with whichever one is costing you money right now.
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