Henning Township, located in Otter Tail County, MN, is an excellent place to live and work. It offers a quiet atmosphere with plenty of outdoor activities and stunning scenery. The cost of living is below the national average, with two bedroom rent at $880 compared to the US average of $1,430. Grocery costs are also lower in Henning Township than the rest of the US with a grocery cost index of 95 compared to 100 for the country as a whole.
The township is home to several local businesses such as Cooperstown Farms LLC., Henning Market LLC., and Dan's Small Engine & Saw Service LLC. These companies offer residents employment opportunities and help make Henning Township a great place to live.
Henning township has an unemployment rate of 5.3%. The US average is 6.0%.
Henning township 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 township
- The Sales Tax Rate for Henning township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Henning township 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 township
- The average income of a Henning township resident is $26,759 a year. The US average is $28,555 a year.
- The Median household income of a Henning township resident is $75,714 a year. The US average is $69,021 a year.