Slater, MO
Population 2,144 · Missouri
About Slater, MO
Slater is a small town located in Missouri with a population of 2,144 residents according to the latest US Census Bureau American Community Survey data. The median household income is $40,313 per year, which is 46% below the national median of $75,149. The median age of 40.4 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 $82,500, which is 66% below the national median of $244,900. This makes Slater one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $496, 57% below the national average of $1,163/month. Of the 1,039 total housing units, 60% are owner-occupied (478 units) and 40% are renter-occupied (322 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Slater shows an unemployment rate of 2.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 22.5%, above the national average of 12.4%. Workers in Slater have an average one-way commute time of 15.9 minutes, one of the shorter commutes in the region.
Education & Demographics
18.5% of Slater residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 8.8% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.9% of the population being foreign-born.
Cost of Living in Slater, MO
Compared to national averages, Slater has a median household income of $40,313 (46% below the national median of $75,149). Home values average $82,500, which is 66% below the national median. Monthly rent at $496 is 57% below the US average of $1,163. Within Missouri, Slater's income is 34% below the state average of $61,047, and home values are 45% below the state median of $150,786.
Why Live in Slater, MO?
Slater offers affordable housing with a median home value of $82,500, below the US average of $244,900, and rent that’s lower than the national average at $496/month, and a strong job market with an unemployment rate of just 2.2%. Additionally, the city features short commute times averaging just 15.9 minutes.
Potential considerations include median household income ($40,313) that falls below the national average. However, Slater’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Slater has a population of 2,144 with a median age of 40.4 years. Compare Slater with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Slater
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hayti | 2,145 | $25,486 | $73,500 | Compare |
| Shelbina | 2,108 | $52,176 | $79,500 | Compare |
| Concordia | 2,184 | $56,192 | $159,300 | Compare |
| Merriam Woods | 2,203 | $50,000 | $111,800 | Compare |
| Kahoka | 2,083 | $35,993 | $94,800 | Compare |
| Seymour | 2,081 | $51,497 | $120,400 | Compare |
| Village of Four Seasons | 2,077 | $92,988 | $302,700 | Compare |
| Duquesne | 2,216 | $52,372 | $184,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
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, MO?
The population of Slater, MO is 2,144 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Missouri.
What is the median household income in Slater?
The median household income in Slater, MO is $40,313 per year, which is 46% below the national median of $75,149.
What is the median home value in Slater?
The median home value in Slater, MO is $82,500, which is 66% 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, MO is $496, which is 57% below the national average of $1,163/month.
What is the unemployment rate in Slater?
The unemployment rate in Slater, MO is 2.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Slater, MO a good place to live?
Slater offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,144 and a median age of 40.4, the city appeals to a broad range of residents.
How educated is Slater, MO?
18.5% of residents in Slater 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 Slater?
Key cost-of-living indicators for Slater, MO: median home value is $82,500 (66% below national), median rent is $496/month, and median household income is $40,313. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Slater?
The poverty rate in Slater, MO is 22.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Slater, MO?
Slater's population is 8.8% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 13.3% two or more races. 4.9% of residents are foreign-born.