Slaton, TX is a small town located in the Lubbock area of Texas. With a population of around 5,000 people, Slaton is a great choice for those looking for a more peaceful and laid-back lifestyle. An affordable cost of living is one of the major attractions to living in Slaton; rent for two-bedroom apartments averages at $850 compared to the nationwide average of $1,430. In addition, the Grocery Cost Index in Slaton sits at 90 while it's at 100 for the US.
Slaton has plenty to offer its residents; there are plenty of local businesses that cater to all needs like Country Corner Bakery & Catering, Sanchez Auto Repair Service Inc., M&T Farms Feeds & Supply, and Fuzzy’s Tire Service. Residents can also enjoy recreational activities such as golfing, fishing and bird watching at Raintree Park or visiting the historic downtown area with its unique shops and restaurants.
Slaton has an unemployment rate of 5.8%. The US average is 6.0%.
Slaton has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Slaton
- The Sales Tax Rate for Slaton is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Slaton is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Slaton
- The average income of a Slaton resident is $18,586 a year. The US average is $28,555 a year.
- The Median household income of a Slaton resident is $47,050 a year. The US average is $69,021 a year.