Clara City, MN is a great place to call home. With an affordable 2-bedroom rent of $800 and a Grocery Cost Index of 92 compared to the US average of 100, Clara City offers low prices for everyday items. The city boasts several local businesses such as Clara Garden Supplies, Clara Music Store, and Clara Bakery. Outdoor enthusiasts can enjoy public access to nearby parks including Freedom Park and Riverfront Park. There are also numerous sports leagues and recreational activities throughout the year at the community center. Clara City is a wonderful place to live with its low cost of living and plentiful amenities!
Clara City has an unemployment rate of 4.4%. The US average is 6.0%.
Clara City has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Clara City
- The Sales Tax Rate for Clara City is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Clara City 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 Clara City
- The average income of a Clara City resident is $25,549 a year. The US average is $28,555 a year.
- The Median household income of a Clara City resident is $52,950 a year. The US average is $69,021 a year.