Hennepin, IL is a small but vibrant city filled with local businesses, amenities and recreational activities. The town boasts a cost of living index that is lower than the US average, making it an attractive option for those looking to stretch their budget. 2 bedroom rental apartments in Hennepin are around $800 which is well below the US median of $1,430. Groceries are even more affordable with a grocery cost index of 97 compared to 100 in the US on average. Local companies include J&J Automotive, AEM Technology Solutions, Johnson Contracting Services and many more. Hennepin also offers plenty of outdoor recreation such as fishing in nearby lakes or camping at the nearby state parks. There are also plenty of restaurants and entertainment venues to explore. All this makes Hennepin a great place to live!
Hennepin has an unemployment rate of 6.2%. The US average is 6.0%.
Hennepin has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Hennepin
- The Sales Tax Rate for Hennepin is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Hennepin 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 Hennepin
- The average income of a Hennepin resident is $33,535 a year. The US average is $37,638 a year.
- The Median household income of a Hennepin resident is $70,000 a year. The US average is $69,021 a year.