Slater, IA
Population 1,498 · Iowa
About Slater, IA
Slater is a small town located in Iowa with a population of 1,498 residents according to the latest US Census Bureau American Community Survey data. The median household income is $87,708 per year, which is 17% above the national median of $75,149. The median age of 39 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Slater features a median home value of $222,000, which is 9% below the national median of $244,900. This positions Slater in a moderately priced market relative to the rest of the country. Median monthly rent is $877, 25% below the national average of $1,163/month. Of the 615 total housing units, 87% are owner-occupied (515 units) and 13% are renter-occupied (80 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Slater shows an unemployment rate of 0.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Slater have an average one-way commute time of 23 minutes.
Education & Demographics
34.0% of Slater residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 4.5% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.7% of the population being foreign-born.
How Slater Ranks in Iowa
Cost of Living in Slater, IA
Compared to national averages, Slater has a median household income of $87,708 (17% above the national median of $75,149). Home values average $222,000, which is 9% below the national median. Monthly rent at $877 is 25% below the US average of $1,163. Within Iowa, Slater's income is 29% above the state average of $67,947, and home values are 68% above the state median of $132,237.
Why Live in Slater, IA?
Slater offers a strong local economy with a median household income of $87,708, well above the national average, and affordable housing with a median home value of $222,000, below the US average of $244,900, and rent that’s lower than the national average at $877/month. Additionally, the city features a strong job market with an unemployment rate of just 0.4%, and a well-educated community where 34.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.4%, better than the national average, and short commute times averaging just 23 minutes.
Slater has a population of 1,498 with a median age of 39 years. Compare Slater with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Slater
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Oakland | 1,500 | $72,500 | $144,600 | Compare |
| Fairbank | 1,509 | $100,172 | $173,200 | Compare |
| Sanborn | 1,510 | $56,477 | $150,900 | Compare |
| Panora | 1,520 | $65,500 | $164,500 | Compare |
| Lenox | 1,474 | $59,750 | $106,000 | Compare |
| Manning | 1,474 | $62,310 | $109,400 | Compare |
| Van Meter | 1,469 | $133,750 | $250,300 | Compare |
| Traer | 1,464 | $79,653 | $131,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Slater With Other Cities
Frequently Asked Questions about Slater
What is the population of Slater, IA?
The population of Slater, IA is 1,498 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Iowa.
What is the median household income in Slater?
The median household income in Slater, IA is $87,708 per year, which is 17% above the national median of $75,149.
What is the median home value in Slater?
The median home value in Slater, IA is $222,000, which is 9% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Slater?
The median monthly rent in Slater, IA is $877, which is 25% below the national average of $1,163/month.
What is the unemployment rate in Slater?
The unemployment rate in Slater, IA is 0.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Slater, IA a good place to live?
Slater offers above-average incomes, affordable housing, and a strong job market. With a population of 1,498 and a median age of 39, the city appeals to a broad range of residents.
How educated is Slater, IA?
34.0% of residents in Slater aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Slater?
Key cost-of-living indicators for Slater, IA: median home value is $222,000 (9% below national), median rent is $877/month, and median household income is $87,708. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Slater?
The poverty rate in Slater, IA is 5.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Slater, IA?
Slater's population is 4.5% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.5% two or more races. 0.7% of residents are foreign-born.