Hendron, KY is a small town located near the border of Kentucky and Tennessee. It's a great place to live as it offers low living costs in comparison with the rest of the US. The average 2 bedroom rent in Hendron is $900, which is approximately $530 lower than the US average 2 Bedroom rent of $1,430. Additionally, local grocery costs are also much lower when compared to those in the US as the grocery cost index in Hendron stands at 91 compared to 100 nationally. There are several businesses located in and around Hendron including Walker’s Grocery Store, Lyle's Automotive Repair Center and King’s Tea Room. All three provide great services for affordable prices making them great options for people living in this area.
Hendron has an unemployment rate of 5.8%. The US average is 6.0%.
Hendron has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Hendron
- The Sales Tax Rate for Hendron is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hendron is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hendron
- The average income of a Hendron resident is $28,665 a year. The US average is $28,555 a year.
- The Median household income of a Hendron resident is $54,930 a year. The US average is $69,021 a year.