Is Slate Falls a Good Place to Live?
Based on current data, Slate Falls receives an overall livability score of 2.6 out of 5.0, earning a grade of C+. Key strengths include above-average household incomes, abundant sunshine, strong internet connectivity. Areas to be aware of include high housing costs, above-average unemployment, an elevated poverty rate. Slate Falls has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Slate Falls is $88,000, 17% above the national average of $75,149. Residents generally enjoy above-average earning potential. At 11.8%, unemployment is notably high. The poverty rate of 41.0% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 15 minutes, shorter than most U.S. cities.
Cost of Living & Housing
The median home value in Slate Falls is $461,770, making it a premium housing market at 64% above the U.S. median of $281,900. Renters pay a median of $1,012 per month, below the national average — a plus for affordability. The price-to-income ratio of 5.2x means housing costs are stretched relative to local earnings.
Education
8.6% of residents hold a bachelor's degree, below the national average of 33.7%. 11.4% have completed high school.
Climate & Weather
Slate Falls has a cool climate with an average annual temperature of 32°F. Winters average -4°F in January while summers reach 63°F in July. With 285 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 28.0 inches, including 8.3 inches of snow. Air quality is rated Good with a median AQI of 27.