Cloverleaf, MN is a small town known for its friendly people and affordable living costs. The average two bedroom rent is $930 which is 40% lower than the US average of $1,430. Additionally, the Grocery Cost Index in Cloverleaf is 94 versus 100 in the US, making it a great option for people looking to keep their grocery bill low. Local companies include Valley View Farm Market, a family owned farm offering fresh produce and garden supplies along with Cloverleaf Hardware Store which offers traditional hardware supplies as well as home decor items and tools.
Cloverleaf has an unemployment rate of 5.7%. The US average is 6.0%.
Cloverleaf has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Cloverleaf
- The Sales Tax Rate for Cloverleaf is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Cloverleaf 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 Cloverleaf
- The average income of a Cloverleaf resident is $25,131 a year. The US average is $28,555 a year.
- The Median household income of a Cloverleaf resident is $39,792 a year. The US average is $69,021 a year.