Slayton, MN
Population 2,089 · Minnesota
About Slayton, MN
Slayton is a small community in Minnesota with a population of 2,089 residents. The median household income is $65,724 per year, which is near the national average. The median age in Slayton is 39 years.
Housing in Slayton has a median home value of $160,400 and median monthly rent of $718. Of the 1,047 total housing units, the majority are owner-occupied, with 643 owner-occupied and 280 renter-occupied units.
The unemployment rate in Slayton is 2.4% and the poverty rate is 11.5%. 31.4% of residents hold a bachelor's degree or higher. The average commute time is 17.5 minutes.
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.
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Frequently Asked Questions about Slayton
What is the population of Slayton, MN?
The population of Slayton, MN is 2,089 according to the latest Census data.
What is the median household income in Slayton?
The median household income in Slayton, MN is $65,724 per year.
What is the median home value in Slayton?
The median home value in Slayton, MN is $160,400.
What is the average rent in Slayton?
The median monthly rent in Slayton, MN is $718.
What is the unemployment rate in Slayton?
The unemployment rate in Slayton, MN is 2.4%.