Climax, MN is an attractive town with a low cost of living. The two bedroom rent is about half the national average at only $810 per month. Additionally, the grocery cost index in Climax, MN is 95 versus 100 in the US. These factors make Climax a great place to live for those looking for affordability. The town features local companies such as Southern Minnesota Landscaping, Holm Automotive, and the Artisan Cafe & Bakery which offer local services and products to the community.
Climax has an unemployment rate of 4.9%. The US average is 6.0%.
Climax has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Climax
- The Sales Tax Rate for Climax is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Climax 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 Climax
- The average income of a Climax resident is $20,638 a year. The US average is $28,555 a year.
- The Median household income of a Climax resident is $52,857 a year. The US average is $69,021 a year.