Cost of Living in Slaton, TX

Population 5,811 · Texas · Data vintage 2023

49
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Slaton is a smaller Texas community of around 6000 residents, where median household incomes of $54,380 and housing costs ($86,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. At 6.9%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Located 15 miles southeast of Lubbock, Slaton falls within that metro's commuting orbit. Median home values run roughly 56% lower than Lubbock's $198,000.

Cost Overview

Housing 28
Rent 79

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Slaton

The median home value in Slaton is $86,400 — 72% below the national median of $305,000. Median rent runs $1,042/month, 21% lower than the national median of $1,314/month. The median household income of $54,380/year is 27% lower than the US median of $74,580. The local unemployment rate is 6.9%, above the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 74.9°F and lows of 47.8°F, with about 7" of annual snowfall. Overall, Slaton has a cost of living index of 49 versus the US average of 100, meaning it is 51% less expensive.

🏠 Housing

Median Home Value
$86,400
72% below avg
Zillow Home Value
$516,458
Zillow ZHVI
Median Rent
$1,042/mo
21% below avg
Price-to-Rent Ratio
6.9x
Favors buying
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$766
1 BR
$811
2 BR
$981
3 BR
$1,307
4 BR
$1,509
Owner-occupied 71.7%
Renter-occupied 28.3%

💰 Estimated Monthly Budget

Rent median rent
$1,042
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,656/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
20.9 min
23% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.6%

Commute Mode

Drove alone
83.0%
Carpooled
9.7%
Walked
3.7%
Work from home
3.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 8.2%
State rate 6.3%
Avg local rate 1.9%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$54,380
27% below avg
Per Capita Income
$23,584
Unemployment Rate
6.9%
44% above avg
Poverty Rate
16.1%
Labor Force Participation
59.5%

🎓 Education

Bachelor's degree+ 9.4%
Graduate degree 2.1%

👥 Demographics

Median Age 33
Male median age 29.9
Female median age 35.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
74.9°F
Avg Low
47.8°F
Annual Precip
18.3"
Annual Snowfall
7"
20° 40° 60° 80° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 556068768492939285766455
Low °F 273138465766696860483628
Precip" 0.650.651.101.332.692.581.961.742.551.530.800.75
Snow" 1.61.40.40.10.00.00.00.00.00.11.02.4

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 25 — Good
88.7%
Good air days/yr
161
Max AQI recorded
364
PM2.5 days
0
Ozone days

Frequently Asked Questions

What is the cost of living in Slaton, TX?

Slaton has a cost index of 49 (100 = national average). It is 51% below the national average.

What is average rent in Slaton, TX?

The median gross rent in Slaton is $1,042 per month based on 2023 Census data.

What is the average home price in Slaton?

The median home value in Slaton is $86,400 according to Zillow and Census data.

What is the median income in Slaton?

The median household income in Slaton is $54,380 per year (2023 ACS 5-year estimates).

What is the sales tax in Slaton, TX?

The combined state and local sales tax rate in Slaton is 8.2%. Texas has no state income tax.

Is Slaton, TX affordable?

Yes, Slaton is generally considered affordable, with a cost of living index of 49 — about 51% below the US national average of 100.

What is the weather like in Slaton?

Slaton has average high temperatures of 74.9°F and average lows of 47.8°F. Annual precipitation is 18.3". Average annual snowfall is 7". Data from NOAA 1991–2020 Climate Normals.

Slaton at a Glance

Population
5,811
Median Income
$54,380
Home Value
$86,400
Median Rent
$1,042/mo
Unemployment
6.9%
Avg High Temp
74.9°F
Sales Tax
8.2%
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