Personal loans in Coates, MN
Consumer lending that reaches Coates's 138 residents is governed by Minnesota statute; no city ordinance changes it. A personal loan in Coates is priced from your credit file and income, not from the fact that the city holds 138 people.
About 138 people live in Coates, placing it 711th of 853 Census places in Minnesota. A 2020-to-2023 comparison shows Coates down by about 2.8%. Compare APR, not the interest rate, because the APR folds in most fees on a Coates loan. A larger market lies at Rosemount, MN about 3 miles away.
Coates: the sourced local profile
Read the local figures below as context; read the sourced Minnesota table as the rulebook a lender here must follow.
- Population: 138 residents; Coates is the 711th-largest of 853 places in Minnesota (US Census Bureau, Vintage 2023).
- Population trend: A decline of about 2.8% across the 2020-to-2023 comparison.
- Net change: roughly 4 fewer people than the 2020 Census counted.
- Size percentile: Coates sits ahead of around 17% of Minnesota places, at 138 people.
- Population density: 92 people per square mile on 1.5 square miles of land.
- Land area: Coates covers 1.5 square miles, the 391st-largest area among Minnesota's 853 places.
- Share of state population: Coates's 138 residents are about 0.0% of Minnesota.
- National rank: Coates sits 17,455th by population among the 19,457 places in this dataset.
- Growth rank: Coates's 2020-to-2023 change ranks 725th of 853 places in Minnesota.
- Versus Minnesota: the state average change is +0.1%, while Coates moved 2.8%.
- Density rank: Coates is the 770th most densely settled place in Minnesota.
- Against the state median: Coates runs about 92 residents per square mile, where the Minnesota median is 607.
- Location: it lies at 44.7151, -93.0321 in the Census Gazetteer.
- Nearest larger cities: Rosemount (3 mi); Vermillion (5 mi); Hampton (7 mi); Farmington (8 mi); Inver Grove Heights (8 mi). Living near a larger metro rarely changes what is available in Coates.
- Smaller communities within reach: New Trier (9 mi); Miesville (13 mi); Heidelberg (33 mi).
- Smaller neighbours: 6 places smaller than Coates sit within 50 miles.
- Within 100 miles: 473 places are larger than Coates.
Coates: area, density and distance
Coates's land area is roughly 1.5 square miles, and the Gazetteer records no significant water area within it. That land carries about 92 people per square mile. Minneapolis, the largest place in Minnesota, is about 21 miles from Coates. A 50-mile radius around Coates takes in 211 places that are larger. Within the same 50 miles lie 6 smaller Census places.
Minnesota consumer-lending rules applied in Coates
Below are the Minnesota rules that apply to a loan made in Coates, each with the regulator that issued it.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Minnesota Department of Commerce (commissioner of commerce) Source says: ""Commissioner" means the commissioner of commerce" | Minnesota Legislature, Office of the Revisor of Statutes as of 2026-09-16 |
| Payday lending status | Legal and licensed; APR capped at 36%, or up to 50% with an ability-to-repay analysis (Minn. Stat. §§ 47.60, 47.601, 47.603) Source says: "The cap on that annual percentage rate is set at either 36%, or up to 50% if the lender conducts an ability to repay analysis" | Minnesota Department of Commerce as of 2026-09-16 |
| Small-loan / installment lender licensing | Regulated loan license required from the commissioner for loans within the Chapter 56 threshold (Minn. Stat. § 56.01) Source says: "without first obtaining a license from the commissioner, no person shall engage in the business of making loans of money" | Minnesota Legislature, Office of the Revisor of Statutes as of 2026-09-16 |
Getting a loan in Coates
At roughly 92 people per square mile, Coates is sparsely settled; 211 larger places lie within 50 miles. Distance to a branch rarely matters for Coates's 138 residents: the application is online and the price follows your credit file. For a larger market, the closest option is Rosemount, MN about 3 miles away.
Coates against the rest of Minnesota
Within Minnesota, Coates holds roughly 0.0% of all residents, the 711th-largest share among 853 places. For population change between 2020 and 2023, Coates ranks 725th of 853 in Minnesota (about the 15th percentile). At about 92 people per square mile, Coates is the 770th most densely settled place in Minnesota. Within 50 miles sit 6 smaller Census places, alongside the 211 that are larger.
How a Coates personal loan is priced
Coates is a small community of about 138 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. Two numbers drive a Coates loan: the APR, which includes fees, and the term, which decides how long you keep paying. Shortening the term on a Coates loan raises the monthly payment but cuts the interest; lengthening it does the reverse.
Common questions
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Nearby places
- Rosemount, MN — population 27,590
- Vermillion, MN — population 429
- Hampton, MN — population 718
- Inver Grove Heights, MN — population 36,114
- St. Paul Park, MN — population 5,371
- Farmington, MN — population 23,909
- New Trier, MN — population 81
- Cottage Grove, MN — population 42,056