Clements, MN is a small city located in the US state of Minnesota. With a population of around 500 people, it is considered a rural town and offers its residents a tranquil lifestyle. The cost of living in Clements is much lower than the national average, with 2 bedroom rent averaging just $720 per month versus $1,430 nationally. Groceries are also cheaper in Clements as evidenced by the Grocery Cost Index which was 94 compared to 100 for the US as a whole. In terms of local businesses, Clements has several small retail stores, restaurants and service providers such as jewelry stores, auto repair shops and dog groomers. There is also one grocery store called Bruce's Supermarket that provides residents with fresh produce and other food products at affordable prices.
Clements has an unemployment rate of 5.5%. The US average is 6.0%.
Clements has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Clements
- The Sales Tax Rate for Clements is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Clements 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 Clements
- The average income of a Clements resident is $23,951 a year. The US average is $28,555 a year.
- The Median household income of a Clements resident is $50,500 a year. The US average is $69,021 a year.