Clara City, MN (56222) is a small town located in Minnesota with a population of around 1,400 people. It has a low cost of living and average rent for a two-bedroom apartment is only $850 per month. Grocery costs are even more affordable with an index of 92 versus 100 in the US. The town offers several local companies including the Clara City Co-Op, Clara City Elevator, Clara City Propane, and Clara City Machine & Tool. All provide their community with essential services related to agriculture, fuel delivery, engineering, and manufacturing. As a result of these businesses and its overall affordability, Clara City continues to be an attractive place for aspiring entrepreneurs and families alike looking for quality lifestyle options at an affordable price point.
Clara City (zip 56222) has an unemployment rate of 4.4%. The US average is 6.0%.
Clara City (zip 56222) has seen the job market decrease by -2.9% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Clara City (zip 56222)
- The Sales Tax Rate for Clara City (zip 56222) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Clara City (zip 56222) 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 Clara City (zip 56222)
- The average income of a Clara City (zip 56222) resident is $28,214 a year. The US average is $37,638 a year.
- The Median household income of a Clara City (zip 56222) resident is $57,400 a year. The US average is $69,021 a year.