Clarks Grove, MN is a small city in Minnesota with a population just under 500 people. It offers a comfortable and affordable lifestyle with the average 2 Bedroom rent costing $890, significantly lower than the US average of $1,430. The grocery cost index is also relatively low compared to the National average at 94 versus 100. The area is home to numerous businesses such as Clarks Groove Hardware Store, Jacksons Supermarket, and Johnson Auto Care for all your auto repair needs. Other attractions include biking trails and parks where you can enjoy outdoor activities.
Clarks Grove has an unemployment rate of 4.5%. The US average is 6.0%.
Clarks Grove has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Clarks Grove
- The Sales Tax Rate for Clarks Grove is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Clarks Grove 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 Clarks Grove
- The average income of a Clarks Grove resident is $26,259 a year. The US average is $37,638 a year.
- The Median household income of a Clarks Grove resident is $57,188 a year. The US average is $69,021 a year.