Henry, IN County is a great place to live for its affordability. The average 2 Bedroom rent in Henry County is $830 compared to the US average of $1,430, making living in Henry County much more affordable than the national average. The cost of groceries in Henry County is also lower than the US with an index score of 92 compared to 100. Not only are costs low, but Henry also has plenty of local businesses including the popular Smith's Grocery Store and Goodrich Hardware store. With its low cost of living and plenty of local companies, Henry County is a great place to live and work.
Henry County has an unemployment rate of 4.3%. The US average is 6.0%.
Henry County has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 35.5%, which is higher than the US average of 33.5%.
Tax Rates for Henry County
- The Sales Tax Rate for Henry County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Henry County is 4.5%. 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 $26,892 a year. The US average is $37,638 a year.
- The Median household income of a Henry County resident is $54,154 a year. The US average is $69,021 a year.