Clay, MN is a small town located in the midwest of the United States. It has a low cost of living with 2 bedroom rent being as little as $910 and a grocery cost index of 98 compared to the US average of 100. Clay, MN is known for its many local businesses and industries, such as Wal-Mart Supercenter, McDonald's, Walmart Neighborhood Market, Staples, AutoZone and Target. It also hosts several manufacturers like Sapa Aluminum North America LLC, Kraft Foods Group Inc., P&G Distribution Center and Gopher State Ethanol LLC. These businesses provide residents with job opportunities and contribute to Clay's economy.
Clay has an unemployment rate of 6.1%. The US average is 6.0%.
Clay has seen the job market increase by 6.6% over the last year. Future job growth over the next ten years is predicted to be 45.6%, which is higher than the US average of 33.5%.
Tax Rates for Clay
- The Sales Tax Rate for Clay is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Clay 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 Clay
- The average income of a Clay resident is $28,649 a year. The US average is $28,555 a year.
- The Median household income of a Clay resident is $100,625 a year. The US average is $69,021 a year.