Zip 56016 (Clarks Grove, MN) 

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Economy in Zip 56016 (Clarks Grove, MN)

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 $59,750 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYClarks Grove, MinnesotaUnited States
  4.5%6.0%
  -1.3%-6.2%
  22.6%33.5%
  7.4%6.2%
  7.1%4.6%
  $26,426$31,177
  $60,500$57,652
  $64,750$70,850
  POPULATION BY OCCUPATION
  8.3%1.3%
  0.0%0.6%
  5.1%6.2%
  18.8%10.4%
  4.0%2.7%
  13.2%11.6%
  6.3%4.1%
  2.0%0.9%
  0.2%2.1%
  2.8%4.7%
Real estate, rental, leasing0.0%1.9%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    Clarks Grove (zip 56016)


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