Clearwater, MN is a quaint town located in central Minnesota. It is home to several local businesses like Clearwater Cafe, The Clearwater Post Office, and Clearwater Hardware Store. Residents enjoy the small-town charm and friendly atmosphere of this town. The cost of living in Clearwater, MN is quite reasonable compared to other areas in the US. Rent for a two bedroom apartment averages around $1,250 per month which is lower than the national average rent of $1,430. Additionally, grocery costs are often lower as well with an index at 100 versus 100 in the US. This makes it easy for people to get by on a budget while still enjoying all that this charming town has to offer.
Clearwater has an unemployment rate of 4.5%. The US average is 6.0%.
Clearwater has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Clearwater
- The Sales Tax Rate for Clearwater is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Clearwater 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 Clearwater
- The average income of a Clearwater resident is $30,994 a year. The US average is $37,638 a year.
- The Median household income of a Clearwater resident is $65,909 a year. The US average is $69,021 a year.