Living in Slaton, Texas
Cost of living, income, home prices, rent and demographics of Slaton · Census data 2020–2024
Slaton has 5,761 residents with a median age of 35.9. The median household income is $56,676 (28% lower than the Texas median), the median home value is $84,600, the median rent is $994/month.
Slaton at a glance
- Population
- 5,761
- Median age
- 35.9State: 35.6
- Median household income
- $56,676State: $78,476
- Median home value
- $84,600State: $283,800
- Median rent
- $994/moState: $1,403
- Homeowners
- 79.2%
- Bachelor's degree or higher
- 9.4%
- Average commute
- 21 min
Is Slaton a good place to live?
Pros: Home values 70% lower than the state median; an average commute of 21 minutes.
Cons: Median household income 28% lower than the Texas median; unemployment of 6.7%; a poverty rate of 15.7%.
The weather is best in April–May and September–October.
Cost of living in Slaton
Housing is the biggest part of the cost of living. In Slaton the median home value is $84,600, 75% lower than the U.S. median. Renters pay a median of $994 per month, which is 24.5% of household income. Homeowners with a mortgage pay $1,157 a month in housing costs.
Slaton median household income
The median household income in Slaton is $56,676 and the income per person is $26,209. 15.7% of residents live below the poverty line (Texas: 13.8%).
Housing in Slaton: homes for sale and rent
- Housing units
- 2,336
- Owner-occupied
- 79.2%
- Renter-occupied
- 20.8%
- Vacant
- 11.6%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.75
Slaton demographics
- Population
- 5,761
- Median age
- 35.9
- Under 18
- 27.9%
- 65 and older
- 12.1%
- Households
- 2,065
- Foreign-born
- 1.6%
- Veterans
- 2.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Slaton ›
Education in Slaton
9.4% of adults 25 and older in Slaton have a bachelor's degree or higher (Texas: 33.8%), and 2.7% have a graduate or professional degree.
Jobs and commute in Slaton
- Unemployment rate
- 6.7%State: 5.3%
- Average commute
- 21 minState: 27 min
- Work from home
- 5%
- Drive alone
- 83.3%
- Public transit
- 0%
- Walk to work
- 2.9%
- Homes with broadband
- 84.5%
Slaton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Slaton | 5,761 | $56,676 | $84,600 | $994 |
| Ransom Canyon | 1,041 | $113,950 | $341,000 | — |
| Buffalo Springs Lake | 571 | $101,667 | $239,500 | — |
| Wilson | 449 | $50,500 | $131,800 | $925 |
| Idalou | 2,151 | $58,500 | $211,000 | $678 |
| Lubbock | 264,814 | $60,895 | $212,400 | $1,182 |
| Lorenzo | 834 | $46,389 | $100,800 | $665 |
| New Home | 267 | $55,625 | $237,500 | — |
| Wolfforth | 6,701 | $106,250 | $260,200 | $1,674 |
More for people moving to Slaton
Slaton ZIP code ›Weather and climate ›Living in Slaton: FAQ
What is the median household income in Slaton, TX?
The median household income in Slaton is $56,676, 28% lower than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Slaton?
The median home value in Slaton is $84,600, compared with $283,800 in Texas.
How much is rent in Slaton?
The median gross rent in Slaton is $994 per month, about 24.5% of household income.
Is Slaton, TX a good place to live?
Pluses: home values 70% lower than the state median; an average commute of 21 minutes. Minuses: median household income 28% lower than the Texas median; unemployment of 6.7%; a poverty rate of 15.7%.
What is the median age in Slaton?
The median age in Slaton is 35.9 years (Texas: 35.6).
How long is the commute in Slaton?
The average commute to work in Slaton is 21 minutes; 5% of workers work from home.
What is the unemployment rate in Slaton?
The unemployment rate in Slaton is 6.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Slaton?
9.4% of adults in Slaton 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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