Slave Lake, AB

Full City Profile · Alberta

3.3 /5.0
B Good
6,836 Population 1,237/sq mi density
$111,000 Median Income $57,800 per capita
$320,000 Home Value
$1,430 Median Rent 20.0% income on rent
41°F Avg Temperature
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$111,000 median income, 9.6% unemployment
A+
Affordability
5.0 / 5.0
$320,000 home value, $1,430/mo rent
C+
Safety
2.5 / 5.0
C
Education
2.0 / 5.0
12.6% bachelor's degree or higher

Slave Lake, AB

At a Glance

Median Income
$111,000
48% above
$57,800 per capita
Home Value
$320,000
14% above
Median Rent
$1,430/mo
23% above
20.0% of income on rent
Bachelor's Degree+
12.6%
62% below
30.6% high school+
Unemployment
9.6%
167% above
7.2% poverty rate
Avg Temperature
41°F

How Slave Lake Compares to the U.S. Average

Each bar shows Slave Lake's value as a percentage of the national average (100% = U.S. avg)

Income
148%
Home Value
114%
Rent
123%
Poverty
58%
Bachelor's
38%
Unemployment
267%
Thin vertical line = U.S. national average (100%)

Is Slave Lake a Good Place to Live?

B
3.3 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Slave Lake residents earn a median household income of $111,000 , which is 48% above the national average of $75,149. Per capita income is $57,800. The unemployment rate stands at 9.6% (167% above the U.S. rate of 3.6%). 7.2% of residents live below the poverty line. The area is home to 212 business establishments.

Housing & Cost of Living

The median home value in Slave Lake is $320,000 , 14% above the national median of $281,900. Median rent is $1,430/month, with 20.0% of renters spending more than 30% of income on housing.

Education

12.6% of adults in Slave Lake hold a bachelor's degree or higher (62% below the national average). 30.6% have completed high school.

Climate & Weather

Slave Lake has an average annual temperature of 41°F (5°C). Winters average 20°F in January while summers reach 63°F in July. Annual precipitation totals 21.4 inches.

Data Overview

People

Population6,836
Median Age34.0 yrs
Density1,237/mi²
Male / Female50% / 50%

Economy

B+
Median Income$111,000
Per Capita$57,800
Unemployment9.6%
Poverty7.2%
Avg Weekly Wage$1,112

Housing

A+
Home Value$320,000
Rent$1,430
Ownership65.7%
Housing Units2,405
Rent Burden20.0%

Crime

C+
Property3,500/100K
Burglary484/100K

Climate

Avg Temp41°F
Rain21.4 in/yr
Elevation1,923 ft

Education

C
Bachelor's+12.6%
High School+30.6%
Graduate+3.4%

Community

Commute18 min