Slaton, TX Cost Of Living
Cost Of Living In Slaton, TX Summary
Cost of living in Slaton research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Slaton is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Slaton is 79, with 100 being the average.
The cost of living index in Slaton is 0.8x lower than the national average.
Slaton ranks as the #45 cheapest in Texas out of 405.
Slaton ranks as the #155 cheapest out of 6,412 in the US.
The median home value in Slaton is $81,000.
The median income in Slaton is $47,050.
Table Of Contents
Slaton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Slaton, TX?
According to the most recent data on the cost of living, Slaton has an overall cost of living index of 79, which is 0.8x lower than the national index of 100.
Compared to Texas, Slaton has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Slaton ranks as #45 most affordable out of the 405 places we measured in Texas. By definition, that implies Slaton ranks as the #360 most expensive place in the Lone Star State.
For more reading on life in Slaton, check out:
- Living In Slaton
- Slaton Crime Report
- Search Homes For Sale In Slaton, TX
In Texas
In America
Slaton Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Slaton. Here is how it fairs on each of the criteria:
The Services index in Slaton is 100.
The Groceries index in Slaton is 96.
The Health index in Slaton is 100.
The Housing index in Slaton is 40.
The Transportation index in Slaton is 86.
The Utilities index in Slaton is 90.
| Living Expense | Slaton | Texas | National Average | |
|---|---|---|---|---|
| Overall | 79 | 92 | 100 | |
| Services | 100 | 96 | 100 | |
| Groceries | 96 | 93 | 100 | |
| Health | 100 | 93 | 100 | |
| Housing | 40 | 84 | 100 | |
| Transportation | 86 | 92 | 100 | |
| Utilities | 90 | 104 | 100 | |
Slaton, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Slaton is $81,000.
The Median Rent in Slaton is $909.
The Median Income in Slaton is $47,050.
The Home Value To Income in Slaton is 1.7x.
The Rent To Monthly Income in Slaton is 0.23x.
| Statistic | Slaton | Texas | United States |
|---|---|---|---|
| Median Home Value | $81,000 | $202,600 | $244,900 |
| Median Rent | $909 | $1,146 | $1,163 |
| Median Income | $47,050 | $67,321 | $69,021 |
| Home Value To Income | 1.7x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Slaton, TX Costs By Category
Detailed Slaton Services Costs Vs. Texas
Detailed Slaton Groceries Costs Vs. Texas
Detailed Slaton Health Costs Vs. Texas
Detailed Slaton Transportation Costs Vs. Texas
Detailed Slaton Utilities Costs Vs. Texas
Slaton SnackAbility
/10
Cost Of Living In Cities Around Slaton
The cost of living varies in the cities and towns around Slaton. Here's a quick look at the cost of living in the most populous nearby places:
Lubbock, TX has a cost of living index of 89, 1.1x Slaton.
Levelland, TX has a cost of living index of 83, 1.1x Slaton.
Wolfforth, TX has a cost of living index of 92, 1.2x Slaton.
| City | Population | Cost Of Living | Vs. Slaton |
|---|---|---|---|
| Lubbock, TX | 255,537 | 89 | 1.1x |
| Levelland, TX | 12,854 | 83 | 1.1x |
| Wolfforth, TX | 5,432 | 92 | 1.2x |
