Chatfield, MN (55923) is a small city located in the southeastern part of the state. It has a population of around 2,000 and is home to many local businesses. The average two bedroom rental cost in Chatfield is $1,050, which is significantly lower than the national average of $1,430. The grocery cost index in Chatfield is 99 compared to 100 in the US. This means that groceries cost slightly less in Chatfield than elsewhere. \nFor entertainment and recreation, residents can visit one of the local parks or attend events at Grand Meadow Park. Other local businesses include Kubecka’s Hardware Store, Potter Farms & Produce Market, Chatfield Drug Store, and Key City Cafe & Bakery. All these companies provide services for locals and give them access to amenities found outside larger cities.
Chatfield (zip 55923) has an unemployment rate of 4.7%. The US average is 6.0%.
Chatfield (zip 55923) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Chatfield (zip 55923)
- The Sales Tax Rate for Chatfield (zip 55923) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Chatfield (zip 55923) 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 Chatfield (zip 55923)
- The average income of a Chatfield (zip 55923) resident is $37,915 a year. The US average is $37,638 a year.
- The Median household income of a Chatfield (zip 55923) resident is $81,641 a year. The US average is $69,021 a year.