Housing costs in Slater?
A typical home costs
$241,000, which is 28.7% less expensive than the national average of
$338,100 and 22.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Slater costs
$880 per month, which is 38.5% more than the national average of
$1,430 and 40.9% more than the state average of
$1,240.
Can I afford Slater?
To live comfortably in Slater, Minnesota, a minimum annual income of
$46,080 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Slater?
The cost of living in Slater, MN is quite reasonable. The median home value is around $113,000, making it a great place for those looking to buy a home on a budget. The overall cost of living is about 15% lower than the national average and rents are relatively low compared to other cities in the area. In addition, taxes are relatively low so there's more money available for other things such as entertainment, dining out or investing in your house. With its close proximity to St. Paul and Minneapolis, Slater residents enjoy the convenience of being able to commute easily between the two cities.