Henry County, MO is a charming rural area located in the center of the state. It is home to numerous small businesses and local companies such as Hunter's Auto Parts, Miller's Family Farm, and Solstace Manufacturing. The cost of living in Henry County is relatively low as compared to the national average. Rents for two bedroom apartments in the area are approximately $770 per month while the national average for two bedroom rent is $1,430 per month. Additionally, grocery costs in the area have an index of 94 compared to 100 on a national scale. All these factors make Henry County an attractive option for those seeking a lower cost of living without sacrificing quality of life.
Henry County has an unemployment rate of 4.3%. The US average is 6.0%.
Henry County has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Henry County
- The Sales Tax Rate for Henry County is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Henry County is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Henry County
- The average income of a Henry County resident is $22,230 a year. The US average is $28,555 a year.
- The Median household income of a Henry County resident is $49,682 a year. The US average is $69,021 a year.