Henagar, AL is an attractive option for renters looking for an affordable place to live. The cost of a two bedroom apartment in Henagar is well below the national average at $760, making it a great choice for people with tight budgets. Additionally, the cost of groceries in Henagar is also lower than the national average at 94 versus 100 in the US. Not only is Henagar a great choice from an economic standpoint, but there are plenty of local attractions and businesses to explore as well. Popular local companies include Moonlite BBQ Inn, Oak Meadow Farm & Art Studio and Agape Station Sports Bar & Grill. For those who love nature, nearby attractions like DeSoto State Park provide many opportunities for outdoor recreation. In short, Henagar has much to offer renters who want to save money while also having access to fun activities and businesses.
Henagar has an unemployment rate of 2.3%. The US average is 6.0%.
Henagar has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.
Tax Rates for Henagar
- The Sales Tax Rate for Henagar is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Henagar 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 Henagar
- The average income of a Henagar resident is $19,949 a year. The US average is $28,555 a year.
- The Median household income of a Henagar resident is $49,688 a year. The US average is $69,021 a year.