Chatfield, MN is a small town located in southeastern Minnesota. With an estimated population of only 2,600 people, it is largely rural with many farms and woodlands surrounding the city. Although it is small in size, Chatfield has a lot to offer its residents. There are several local businesses such as J&P Storage Solutions, Chatfield Family Pharmacy, and The Little Log House Pioneer Village that provide services for the community.
The cost of living in Chatfield is also quite affordable compared to the national average. The average rent for a two bedroom apartment in Chatfield is around $1,050 per month which is considerably lower than the U.S average of $1,430 per month. Similarly, groceries are also significantly cheaper in Chatfield with a grocery cost index of 99 versus 100 in the U.S., indicating that groceries are less expensive in Chatfield on average than they are nationally. All-in-all, residents of Chatfield can enjoy a high quality of life at an affordable cost when compared to other parts of the country.
Chatfield has an unemployment rate of 4.7%. The US average is 6.0%.
Chatfield has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Chatfield
- The Sales Tax Rate for Chatfield is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Chatfield 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 Chatfield
- The average income of a Chatfield resident is $26,618 a year. The US average is $28,555 a year.
- The Median household income of a Chatfield resident is $79,896 a year. The US average is $69,021 a year.