Henry, IL County is a small, rural area located in the Midwest. The cost of living here is quite affordable due to its low rent and grocery costs. A two-bedroom apartment in Henry, IL County typically runs for $910 while the same size rental in the US averages around $1,430. Additionally, grocery costs are significantly less expensive here than the national average with an index of 93 versus 100.
The local economy in Henry, IL County is largely driven by agricultural production and manufacturing. Several popular companies such as LeGrand Farms and K&L Manufacturing have local operations in this county and provide many jobs for residents. Other prominent businesses include Macomb Produce Company and Maxon's Truck Stop which are both popular destinations for locals and tourists alike.
Henry County has an unemployment rate of 5.9%. The US average is 6.0%.
Henry County has seen the job market decrease by -7.9% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.
Tax Rates for Henry County
- The Sales Tax Rate for Henry County is 7.6%. 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 $34,144 a year. The US average is $37,638 a year.
- The Median household income of a Henry County resident is $62,097 a year. The US average is $69,021 a year.