Henry, AL County is a great place to live and work. It has an affordable cost of living with an average two bedroom rent of $740, compared to the US average of $1,430. The grocery cost index is also lower than the national average at 93 versus 100. The county is home to many local companies such as Bridgeworks Assembly, Royal Bank of Henry and Gulf Coast Burner Services. These businesses provide quality products and services to residents and visitors alike. With its low cost of living, Henry County offers a great opportunity for those looking to start a business in this area.
Henry County has an unemployment rate of 3.0%. The US average is 6.0%.
Henry County has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Henry County
- The Sales Tax Rate for Henry County is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Henry County is 5.0%. 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 $28,304 a year. The US average is $37,638 a year.
- The Median household income of a Henry County resident is $55,870 a year. The US average is $69,021 a year.