McHenry, KY is a great place for those looking for an affordable cost of living. The average 2 bedroom rent in McHenry is only $770, more than half the cost of the US average at $1,430. Groceries are also significantly cheaper here with the Grocery Cost Index being 93 compared to 100 nationally. For those living in McHenry, there are many local companies and amenities to take advantage of. The town boasts several restaurants such as Pizza Express and Biscuits and Gravy Cafe; as well as some locally owned shops, such as Bluegrass Home & Garden Center and Red Dog Outfitters. There are also plenty of parks and recreational activities to enjoy including canoeing on the Rockcastle River or fishing at Lake Cumberland.
McHenry has an unemployment rate of 6.0%. The US average is 6.0%.
McHenry has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for McHenry
- The Sales Tax Rate for McHenry is 6.0%. The US average is 7.3%.
- The Income Tax Rate for McHenry 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 McHenry
- The average income of a McHenry resident is $17,878 a year. The US average is $28,555 a year.
- The Median household income of a McHenry resident is $39,643 a year. The US average is $69,021 a year.