Clarks Grove, MN, with zip code 56016, is an attractive area for those looking for a more affordable living situation. The average 2 bedroom rent in Clarks Grove is just $850, much lower than the US average of $1,430. Similarly, the grocery cost index is only 94 compared to 100 in the US. This town provides numerous job opportunities at local companies like Hickory Tech corporation and Can-Do Trucking company. Additionally, there are plenty of recreational activities available like nearby parks and lakes to enjoy with family or friends.
Clarks Grove (zip 56016) has an unemployment rate of 4.5%. The US average is 6.0%.
Clarks Grove (zip 56016) has seen the job market decrease by -0.4% 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 (zip 56016)
- The Sales Tax Rate for Clarks Grove (zip 56016) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Clarks Grove (zip 56016) 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 (zip 56016)
- The average income of a Clarks Grove (zip 56016) resident is $24,590 a year. The US average is $28,555 a year.
- The Median household income of a Clarks Grove (zip 56016) resident is $68,750 a year. The US average is $69,021 a year.