Slayton, MN
Population 2,089 · Minnesota
About Slayton, MN
Slayton is a small town located in Minnesota with a population of 2,089 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,724 per year, which is 13% below 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 Slayton features a median home value of $160,400, which is 35% below the national median of $244,900. This positions Slayton in a moderately priced market relative to the rest of the country. Median monthly rent is $718, 38% below the national average of $1,163/month. Of the 1,047 total housing units, 70% are owner-occupied (643 units) and 30% are renter-occupied (280 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Slayton shows an unemployment rate of 2.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Slayton have an average one-way commute time of 17.5 minutes, one of the shorter commutes in the region.
Education & Demographics
31.4% of Slayton 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 1.7% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 1.6% Asian residents, with 2.0% of the population being foreign-born.
Cost of Living in Slayton, MN
Compared to national averages, Slayton has a median household income of $65,724 (13% below the national median of $75,149). Home values average $160,400, which is 35% below the national median. Monthly rent at $718 is 38% below the US average of $1,163. Within Minnesota, Slayton's income is 11% below the state average of $74,221, and home values are 22% below the state median of $204,472.
Why Live in Slayton, MN?
Slayton offers affordable housing with a median home value of $160,400, below the US average of $244,900, and rent that’s lower than the national average at $718/month, and a strong job market with an unemployment rate of just 2.4%. Additionally, the city features a low poverty rate of 11.5%, better than the national average, and short commute times averaging just 17.5 minutes.
Potential considerations include median household income ($65,724) that falls below the national average. However, Slayton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Slayton has a population of 2,089 with a median age of 39 years. Compare Slayton with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Slayton
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Eyota | 2,090 | $83,684 | $266,800 | Compare |
| Hawley | 2,086 | $92,017 | $265,500 | Compare |
| Gaylord | 2,074 | $60,500 | $163,300 | Compare |
| Hoyt Lakes | 2,074 | $64,514 | $90,700 | Compare |
| Maple Lake | 2,104 | $75,469 | $221,800 | Compare |
| Warroad | 2,067 | $50,685 | $195,000 | Compare |
| Esko | 2,063 | $116,406 | $278,800 | Compare |
| Cologne | 2,146 | $117,344 | $356,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Slayton With Other Cities
Frequently Asked Questions about Slayton
What is the population of Slayton, MN?
The population of Slayton, MN is 2,089 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Slayton?
The median household income in Slayton, MN is $65,724 per year, which is 13% below the national median of $75,149.
What is the median home value in Slayton?
The median home value in Slayton, MN is $160,400, which is 35% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Slayton?
The median monthly rent in Slayton, MN is $718, which is 38% below the national average of $1,163/month.
What is the unemployment rate in Slayton?
The unemployment rate in Slayton, MN is 2.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Slayton, MN a good place to live?
Slayton offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,089 and a median age of 39, the city appeals to a broad range of residents.
How educated is Slayton, MN?
31.4% of residents in Slayton aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Slayton?
Key cost-of-living indicators for Slayton, MN: median home value is $160,400 (35% below national), median rent is $718/month, and median household income is $65,724. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Slayton?
The poverty rate in Slayton, MN is 11.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Slayton, MN?
Slayton's population is 1.7% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 1.6% Asian, and 0.0% two or more races. 2.0% of residents are foreign-born.