Clearwater, MN (55320) is a small town located in the north-central region of Minnesota. The average two bedroom rent for this area is $1,210, which is slightly lower than the national average of $1,430. Additionally, the grocery cost index in Clearwater is 100 compared to the same index nationwide making it an affordable place to live.
The local economy in Clearwater is driven by businesses such as Pinnacle Manufacturing Group Inc., Aspen Bay Candle Company, and Tuffy’s Pet Foods Processing Plant. It also has many smaller companies such as Northwoods Lighting & Audio LLC, Northwoods Vinyl LLC and Clearwater Builders & Construction Services LLC that provide services to the community. Moreover, Clearwater boasts numerous salons, eateries and other retail stores that make it a great place to live and work.
Clearwater (zip 55320) has an unemployment rate of 4.5%. The US average is 6.0%.
Clearwater (zip 55320) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Clearwater (zip 55320)
- The Sales Tax Rate for Clearwater (zip 55320) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Clearwater (zip 55320) 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 Clearwater (zip 55320)
- The average income of a Clearwater (zip 55320) resident is $28,268 a year. The US average is $28,555 a year.
- The Median household income of a Clearwater (zip 55320) resident is $90,550 a year. The US average is $69,021 a year.