Claremont, MN Economy


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Claremont, MN is a great place to live, offering a peaceful atmosphere and budget friendly rent. Residents of Claremont pay much less for rent for a 2 bedroom home than the average across the US, with people paying $960 compared to the national average of $1,430. Grocery costs are also quite reasonable in Claremont; according to the Grocery Cost Index they have an index rate of 97 compared to the US average of 100. The area also offers several local businesses including H&H Sport Shop, B&M Auto Repair, The Grain Bin Café and Delano Furniture & Appliance.

Claremont has an unemployment rate of 4.9%. The US average is 6.0%.

Claremont has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.

Tax Rates for Claremont
- The Sales Tax Rate for Claremont is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Claremont 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 Claremont
- The average income of a Claremont resident is $23,166 a year. The US average is $37,638 a year.
- The Median household income of a Claremont resident is $58,906 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyClaremont, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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