Clarkfield, MN is an attractive place to live for many reasons. It has a low cost of living, with 2 bedroom rent being well below the national average at $850. It also has a much lower than average grocery cost index of 94 compared to the US average of 100. Those looking for affordable yet high quality living should consider Clarkfield, MN. The city provides a strong employment base with major companies such as Clarkfield Manufacturing and G&G Electronics providing job opportunities. With its low rent and grocery costs, Clarkfield is an ideal location for those looking to save money while still having access to great amenities and services.
Clarkfield has an unemployment rate of 4.4%. The US average is 6.0%.
Clarkfield has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Clarkfield
- The Sales Tax Rate for Clarkfield is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Clarkfield 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 Clarkfield
- The average income of a Clarkfield resident is $23,579 a year. The US average is $28,555 a year.
- The Median household income of a Clarkfield resident is $52,875 a year. The US average is $69,021 a year.