Henning, MN is a small rural town located in western Minnesota. The town is home to just under 500 people and is situated close to the Leaf River. It is a great place for those who enjoy the outdoors as it offers plenty of hiking trails, parks, lakes and more. Rent for a two bedroom apartment in Henning is significantly lower than the national average at $880 per month compared to the US average of $1,430 per month. Additionally, grocery costs in Henning are 5 percent less than the national average. The town has several thriving companies such as Henning Agricultural Contractors LLC, All American Auto Care and Repair LLC and TK Farms & Trucking Incorporated.
Henning has an unemployment rate of 5.3%. The US average is 6.0%.
Henning has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Henning
- The Sales Tax Rate for Henning is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Henning 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 Henning
- The average income of a Henning resident is $18,851 a year. The US average is $28,555 a year.
- The Median household income of a Henning resident is $41,696 a year. The US average is $69,021 a year.