Clark township (Aitkin County), MN Economy


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United States / Minnesota / No Metro Area / Aitkin County / Clark township (Aitkin County) / Zip Codes
Clark township (Aitkin Cnty),MN is a small scenic town located in Minnesota. It offers a quiet, relaxed environment for all to enjoy. It is surrounded by lush forests, tranquil lakes, and picturesque hills. The cost of living in Clark township (Aitkin Cnty) is much lower than the national average, with two bedroom rent costing $1,040 versus $1,430 nationwide. The grocery cost index also reflects this as it’s 98 compared to 100 across the US. \nThe local economy consists of mainly small businesses such as farming operations, logging operations, and family-owned restaurants and stores. It’s a great place to start or own a business with its relaxed atmosphere and low overhead costs. There are plenty of amenities here including an 18-hole golf course, a ski center and many great fishing locations. The people are friendly and welcoming which adds to the overall charm of Clark township (Aitkin Cnty).

Clark township (Aitkin County) has an unemployment rate of 7.1%. The US average is 6.0%.

Clark township (Aitkin County) has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.

Tax Rates for Clark township (Aitkin County)
- The Sales Tax Rate for Clark township (Aitkin County) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Clark township (Aitkin County) 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 Clark township (Aitkin County)
- The average income of a Clark township (Aitkin County) resident is $30,184 a year. The US average is $37,638 a year.
- The Median household income of a Clark township (Aitkin County) resident is $51,667 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyClark township (Aitkin County), MinnesotaUnited States
  7.16
  0.8%-6.2%
  37.5%33.5%
  6.9%6.2%
  7.1%4.6%
  $30,184$37,638
  $51,667$69,021
  $59,750$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  16.9%6.8%
  10.2%10.0%
  0.0%2.5%
  27.1%11.0%
  3.4%4.8%
  3.4%0.8%
  0.0%1.9%
  3.4%4.7%
  0.0%1.9%
  3.4%7.6%
  0.0%0.1%
  1.7%4.2%
  20.3%9.3%
  6.8%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  3.4%4.7%
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