Henryville, IN is a small town located in Clark County boasting a population of just over 1,400 people. The cost of living is significantly lower than the national average, with the median 2 bedroom rent costing $1,050 compared to $1,430 nationally. Similarly, grocery prices are almost 5% lower than the national average, with an index score of 95 versus 100 in the US.
The area has multiple local businesses that help keep costs low for residents. These include Eagle Express Convenience Store & Deli, Ponderosa Steakhouse and Saloon for dining out or take away meals and Decker’s Auto Repair for auto repairs and maintenance. Due to the relatively small size of Henryville and its low population density there are fewer businesses competing against each other meaning they can often offer more competitive prices. Additionally, most businesses in Henryville are locally run which helps to keep their overhead costs low too.
Henryville has an unemployment rate of 4.4%. The US average is 6.0%.
Henryville has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.
Tax Rates for Henryville
- The Sales Tax Rate for Henryville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Henryville is 5.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Henryville
- The average income of a Henryville resident is $19,468 a year. The US average is $28,555 a year.
- The Median household income of a Henryville resident is $67,083 a year. The US average is $69,021 a year.