Henderson, Minnesota is a small town in Sibley County, with an estimated population of 895 people. The cost of living in Henderson is significantly lower than the average throughout the United States, making it an attractive destination for those looking to save money. For example, 2 bedroom apartment rentals cost only $1,300 in Henderson compared to $1,430 in the US on average. Additionally, grocery costs are on par with the average throughout the United States. This allows residents to save even more money while still enjoying quality goods and services. Businesses in Henderson include K & D Grocery Store, JE's Bar and Grill, and The Uptown Café - all of which provide a variety of goods and services for local residents. All in all, Henderson is a great place for families looking to save money without having to sacrifice quality of life or convenience.
Henderson has an unemployment rate of 5.3%. The US average is 6.0%.
Henderson has seen the job market decrease by -2.9% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Henderson
- The Sales Tax Rate for Henderson is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Henderson is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Henderson
- The average income of a Henderson resident is $35,703 a year. The US average is $37,638 a year.
- The Median household income of a Henderson resident is $88,125 a year. The US average is $69,021 a year.