Slayton, MN Economy


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United States / Minnesota / No Metro Area / Murray County / Slayton / Zip Codes
Slayton, MN is a small town situated in Minnesota with a population of about 3000. It is home to several local businesses such as First State Bank Southwest, K & J Storage Solutions, and Slayton Chiropractic Clinic. The cost of living in Slayton is relatively low compared to other communities due to its size. 2 bedroom rent in Slayton is only $840 compared to the US average of $1,430. Likewise, the grocery cost index in Slayton is 94 as opposed to 100 in the US. All in all, living in Slayton means having access to high-quality facilities and services at affordable prices for everyone.

Slayton has an unemployment rate of 6.4%. The US average is 6.0%.

Slayton has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.

Tax Rates for Slayton
- The Sales Tax Rate for Slayton is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Slayton is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Slayton
- The average income of a Slayton resident is $31,851 a year. The US average is $37,638 a year.
- The Median household income of a Slayton resident is $55,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySlayton, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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