McHenry, IL is an ideal place to live with its low cost of living. The average rent for a two-bedroom apartment is just $1,550, which is significantly lower than the national average of $1,430. Grocery costs in McHenry are even more affordable as the city has an index score of 96 compared to 100 in the US. With such low costs, it's no wonder why many local businesses are thriving in McHenry. Companies like Advanced Auto Body & Paint provide excellent automotive services while Centegra Hospital offers top-notch healthcare services. For those looking to save money while still enjoying all that a city has to offer, McHenry is an excellent choice for both businesses and individuals alike.
McHenry has an unemployment rate of 5.6%. The US average is 6.0%.
McHenry has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for McHenry
- The Sales Tax Rate for McHenry is 7.5%. The US average is 7.3%.
- The Income Tax Rate for McHenry is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for McHenry
- The average income of a McHenry resident is $29,893 a year. The US average is $28,555 a year.
- The Median household income of a McHenry resident is $76,858 a year. The US average is $69,021 a year.