Claremont township, MN Economy


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Claremont township, MN is a great place to live due to its affordability and excellent amenities. The average two bedroom rent is only $970, which is much lower than the US average of $1430 for a similar property. Additionally, the Grocery Cost Index in Claremont township is 97 versus 100 in the US. This means groceries are more affordable here than other places.
Claremont township also offers many local businesses that serve the community well. There are shops like Main Street Coffee Co., Main Street Market & Deli, and All Things Sweet Bakery & Cafe that offer delightful treats for residents and visitors alike. Additionally, there are services such as Claremont Property Management that assist with home management needs and other local businesses that make living here easier and enjoyable.
The numerous benefits of living in Claremont township make it an ideal place to settle down. Its low cost of living makes it possible for families to afford things they wouldn't be able to elsewhere while still enjoying all of the amenities the town has to offer. The local businesses provide plenty of options when it comes to shopping or dining out, giving residents plenty of options when it comes to leisure activities as well.

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

Claremont township 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 township
- The Sales Tax Rate for Claremont township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Claremont township 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 township
- The average income of a Claremont township resident is $31,073 a year. The US average is $28,555 a year.
- The Median household income of a Claremont township resident is $93,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyClaremont township, MinnesotaUnited States
  4.96
  -0.8%-6.2%
  30.4%33.5%
  6.9%6.2%
  7.1%4.6%
  $39,949$37,638
  $93,125$69,021
  $96,000$85,028
  Population by Occupation
  11.4%1.2%
  0.5%0.5%
  9.6%6.8%
  11.0%10.0%
  4.6%2.5%
  6.8%11.0%
  6.8%4.8%
  1.4%0.8%
  1.8%1.9%
  5.0%4.7%
  0.9%1.9%
  1.8%7.6%
  0.0%0.1%
  3.7%4.2%
  2.7%9.3%
  21.0%14.0%
  2.3%2.1%
  1.4%7.0%
  6.8%4.8%
  0.5%4.7%
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