Living in Slayton, Minnesota
Cost of living, income, home prices, rent and demographics of Slayton · Census data 2020–2024
Slayton has 2,141 residents with a median age of 39.9. The median household income is $62,344 (30% lower than the Minnesota median), the median home value is $161,700, the median rent is $752/month.
Slayton at a glance
- Population
- 2,141
- Median age
- 39.9State: 38.8
- Median household income
- $62,344State: $89,062
- Median home value
- $161,700State: $329,300
- Median rent
- $752/moState: $1,280
- Homeowners
- 74%
- Bachelor's degree or higher
- 30%
- Average commute
- 17 min
Is Slayton a good place to live?
Pros: Home values 51% lower than the state median; an average commute of 17 minutes; unemployment of 1.8%.
Cons: Median household income 30% lower than the Minnesota median; a poverty rate of 14.3%.
The weather is best in June to September.
Cost of living in Slayton
Housing is the biggest part of the cost of living. In Slayton the median home value is $161,700, 51% lower than the U.S. median. Renters pay a median of $752 per month, which is 34% of household income. Homeowners with a mortgage pay $1,285 a month in housing costs.
Slayton median household income
The median household income in Slayton is $62,344 and the income per person is $39,011. 14.3% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Slayton: homes for sale and rent
- Housing units
- 1,070
- Owner-occupied
- 74%
- Renter-occupied
- 26%
- Vacant
- 10.7%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.20
Slayton demographics
- Population
- 2,141
- Median age
- 39.9
- Under 18
- 22.6%
- 65 and older
- 25.3%
- Households
- 955
- Foreign-born
- 2.1%
- Veterans
- 4%Adults 18+
Hispanic or Latino can be of any race. Population history of Slayton ›
Education in Slayton
30% of adults 25 and older in Slayton have a bachelor's degree or higher (Minnesota: 39.4%), and 5.8% have a graduate or professional degree.
Jobs and commute in Slayton
- Unemployment rate
- 1.8%State: 4.1%
- Average commute
- 17 minState: 23 min
- Work from home
- 4.5%
- Drive alone
- 74.6%
- Public transit
- 0.5%
- Walk to work
- 1.7%
- Homes with broadband
- 87.4%
Slayton vs nearby towns
More for people moving to Slayton
Slayton ZIP code ›Weather and climate ›Living in Slayton: FAQ
What is the median household income in Slayton, MN?
The median household income in Slayton is $62,344, 30% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Slayton?
The median home value in Slayton is $161,700, compared with $329,300 in Minnesota.
How much is rent in Slayton?
The median gross rent in Slayton is $752 per month, about 34% of household income.
Is Slayton, MN a good place to live?
Pluses: home values 51% lower than the state median; an average commute of 17 minutes; unemployment of 1.8%. Minuses: median household income 30% lower than the Minnesota median; a poverty rate of 14.3%.
What is the median age in Slayton?
The median age in Slayton is 39.9 years (Minnesota: 38.8).
How long is the commute in Slayton?
The average commute to work in Slayton is 17 minutes; 4.5% of workers work from home.
What is the unemployment rate in Slayton?
The unemployment rate in Slayton is 1.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Slayton?
30% of adults in Slayton have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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