Total monthly cost of ownership
Cost to Own a Home in Slater, Missouri
A $83,000 home here costs
$798per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $427. The real number is $372 higher every month — 87% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Slater against Saline County and Missouri
| Measure | Slater | Saline County |
|---|---|---|
| Median home value | $82,500 | $139,600 |
| Median property tax | $813 | $1,138 |
| Effective tax rate | 0.985% | 0.815% |
| Median gross rent | $496 | $733 |
| Population | 2,144 | 23,177 |
The weather behind that power bill
Slater sits in Saline County, which averages a high of 87.5°F in its hottest month and a low of 18.9°F in its coldest, with 41.77" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 1,280 cooling and 5,263 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Saline County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Saline County
Full Saline County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Slater?
A $83,000 home in Slater, Missouri costs approximately $798 per month with 20% down at 6.66%. That is $427 principal and interest, $68 property tax, $43 homeowners insurance, $191 utilities and $69 set aside for maintenance.
What is the property tax rate in Slater?
Slater has an effective property tax rate of 0.985%, based on a median home value of $82,500 and median real estate taxes of $813. That is higher than the Saline County average of 0.815%.
What is the average home price in Slater?
The median owner-occupied home value in Slater, Missouri is $82,500, against $139,600 across Saline County.
Is it cheaper to rent or buy in Slater?
Median gross rent in Slater is $496 a month, against $798 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Slater — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Missouri.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.