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 increase by 0.4% 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 $22,777 a year. The US average is $28,555 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
  4.96
  -0.8%-6.2%
  30.4%33.5%
  7.4%6.2%
  7.1%4.6%
  $23,166$37,638
  $58,906$69,021
  $38,125$85,028
  Population by Occupation
  7.8%1.2%
  0.0%0.5%
  7.1%6.8%
  13.1%10.0%
  2.6%2.5%
  9.3%11.0%
  4.5%4.8%
  4.5%0.8%
  1.1%1.9%
  2.6%4.7%
  1.9%1.9%
  0.0%7.6%
  0.0%0.1%
  2.2%4.2%
  3.0%9.3%
  17.5%14.0%
  0.0%2.1%
  11.9%7.0%
  7.8%4.8%
  3.0%4.7%
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