Slaton cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexSlatonTexasNational
Cost of living index7691100
IndexSlatonTexasNational
Goods & Services index9497100
Groceries index9190100
Health care index10196100
Housing index4181100
Transportation index8895100
Utilities index8194100
The above illustration supplies generalized information for the Slaton, TX cost of living index. Compared to other cities in Texas and cities across the country, the cost of living index in Slaton, TX is 76, which is 16% lower than the Texas average and 24% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Slaton, TX are 4% lower than the average for Texas and 7% lower than the rest of the country.

Did you know?

  • The cost of living in Slaton is 16% lower than the Texas average.
  • The cost of living in Slaton is 24% lower than the national average.
  • The cost of housing in Slaton is 59% lower than the national average.
  • Texas general sales tax is 23% higher than the national average.
  • Texas state income tax is 100% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Slaton, TX to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Slaton, TX, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Slaton, TX salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$40,174$3,348$937$1,205
Renters$25,703$2,142$600$771
One can approximate the cost of living and the housing affordability in Slaton, TX by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Slaton, TX have a median income of $40,174. Therefore, the amount that a consumer should spend on housing costs should be no more than $937 per month to avoid calamity and poverty. The renters in the city have an income of about $25,703, which would make their monthly maximum allowable rental costs $600.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%
When you are determining the total cost of living in Slaton, TX you will want to make sure you consider both the Texas sales tax and the Texas income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Texas is 6.25%, with the highest surtax being 8.25%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Texas have a range from 0% to 0%.

Goods & Services

ItemSlatonNational avg.Difference
Haircut $13.00$14.5910.9%
Beauty Salon $42.00$34.6821.1%
Toothpaste $1.82$2.4726.4%
Shampoo $0.89$1.0212.9%
Movie $9.00$9.878.8%
Bowling $4.31$4.391.9%

Groceries

ItemSlatonNational avg.Difference
Ground Beef $4.93$4.4810.1%
Fried Chicken $1.27$1.4613.3%
Milk $2.73$2.3615.8%
Potatoes $3.36$3.069.8%
Pizza $8.00$9.2413.4%
Beer $8.93$8.633.4%

Health Care

ItemSlatonNational avg.Difference
Optometrist $107.00$99.787.2%
Doctor $111.63$105.036.3%
Dentist $82.36$88.707.1%
Ibuprofen $8.88$9.415.7%
Lipitor $317.18$298.506.3%

Housing

ItemSlatonNational avg.Difference
Home Price $52,200.00$175,700.0070.3%
Avg. Mortgage Payment $871.14$1,081.0319.4%
Apartment Rent $613.00$920.0033.4%

Transportation

ItemSlatonNational avg.Difference
Gasoline $1.79$2.0914.5%
Tire Balancing $43.38$45.294.2%

Utilities

ItemSlatonNational avg.Difference
All Electricity$130.05$170.8023.9%
Phone $25.00$28.2611.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Wilson, TX52576-24%
Lubbock, TX236,86885-15%
Buffalo Springs, TX39485-15%
Ransom Canyon, TX1,4111055%
Slaton, TX6,10076-24%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Patterson, LA6,10087-13%
Bridgeport, TX6,09993-7%
Violet, LA6,10286-14%
Kingston, MA6,10314040%
Naples Manor, FL6,09693-7%
Slaton, TX6,10076-24%
Source: The Slaton, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.