Hendricks, Minnesota (56136) is a small city located in the southwest corner of the state. The population of Hendricks is approximately 500, making it an ideal rural area for those looking to escape the hustle and bustle of bigger cities. The median price of rent for two bedrooms in Hendricks is $850, making it a great option if you're looking to save money on rent. When compared to the US 2 bedroom rent at $1,430 you can see how much savings Hendricks offers. Additionally, grocery cost index in Hendricks is 93 compared to 100 in the US according to Numbeo's 2020 Cost of Living index.
In terms of local businesses, Hendricks boasts a variety of stores catering to its small population including Don’s Grocery and Automotive Repair, H & B Windmill Repair Inc., and Country Kwik Stop convenience store. There are also several restaurants such as Barrel House Bar & Grill that offer delicious pub food for visitors and locals alike.
With its low rent costs and charming local businesses, Hendricks is an excellent choice for those seeking small-town living with a touch of modern amenities. While there are not many people residing in this rural town, those who do will find themselves surrounded by nature without sacrificing easy access to supplies or entertainment options within the city limits.
Hendricks (zip 56136) has an unemployment rate of 5.7%. The US average is 6.0%.
Hendricks (zip 56136) has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Hendricks (zip 56136)
- The Sales Tax Rate for Hendricks (zip 56136) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hendricks (zip 56136) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hendricks (zip 56136)
- The average income of a Hendricks (zip 56136) resident is $36,340 a year. The US average is $37,638 a year.
- The Median household income of a Hendricks (zip 56136) resident is $50,625 a year. The US average is $69,021 a year.