Henrietta, MI is an affordable place to call home. The average 2 Bedroom rent in Henrietta, MI is $970 which is significantly lower than the US average of $1,430. Local grocery costs are also relatively low with a Grocery Cost Index of 95 compared to 100 in the US. This makes it a great choice for those looking for an affordable lifestyle without sacrificing quality of life. Companies like Monroe Bank & Trust and Tuffy Auto Service are based in Henrietta, as well as many other local businesses that help contribute to the economy. With its relatively low cost of living, Henrietta is an ideal location for anyone looking for a comfortable lifestyle on a budget.
Henrietta has an unemployment rate of 5.9%. The US average is 6.0%.
Henrietta has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Henrietta
- The Sales Tax Rate for Henrietta is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Henrietta is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Henrietta
- The average income of a Henrietta resident is $23,692 a year. The US average is $28,555 a year.
- The Median household income of a Henrietta resident is $58,750 a year. The US average is $69,021 a year.