Clay County, Minnesota is a great place to live and work. It has a relatively low cost of living compared to other parts of the US. The average 2 bedroom rent in Clay County is only $910 per month, which is much less than the national average of $1,430. Grocery costs in Clay County are even more affordable with a grocery cost index at 97 compared to 100 in the US. Residents of Clay County have access to many local businesses such as Walmart Supercenter for groceries and household supplies and Hornbacher's for fresh produce and high-quality meats, dairy items, and prepared foods. Local banks like Bremer Bank offer banking services. With low costs of living and convenient access to local businesses, Clay County is an attractive place to live.
Clay County has an unemployment rate of 3.8%. The US average is 6.0%.
Clay County has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Clay County
- The Sales Tax Rate for Clay County is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Clay County is 7.1%. The US average is 4.6%.
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Income and Salaries for Clay County
- The average income of a Clay County resident is $32,797 a year. The US average is $37,638 a year.
- The Median household income of a Clay County resident is $67,984 a year. The US average is $69,021 a year.