McHenry, PA is a great place to live for people who are looking for something smaller and more affordable. The average rent for a two-bedroom apartment is an affordable $950 per month, much lower than the US average of $1,430. Additionally, grocery costs in McHenry are on par with the national average, making it an excellent value. There are several well-known local businesses in McHenry such as Smith's Store & Deli, Chilson's Auto Repair Services, and McMillan Brothers Bakery. All these businesses have been around for decades and serve the community with quality products and services.
McHenry has an unemployment rate of 7.8%. The US average is 6.0%.
McHenry has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 9.6%, which is lower than the US average of 33.5%.
Tax Rates for McHenry
- The Sales Tax Rate for McHenry is 6.0%. The US average is 7.3%.
- The Income Tax Rate for McHenry is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for McHenry
- The average income of a McHenry resident is $21,847 a year. The US average is $28,555 a year.
- The Median household income of a McHenry resident is $67,500 a year. The US average is $69,021 a year.