Henderson, NC Cost Of Living
Cost Of Living In Henderson, NC Summary
Cost of living in Henderson research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Henderson is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in North Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Henderson is 84, with 100 being the average.
The cost of living index in Henderson is 0.8x lower than the national average.
Henderson ranks as the #7 cheapest in North Carolina out of 153.
Henderson ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Henderson is $94,200.
The median income in Henderson is $36,147.
Table Of Contents
Henderson's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Henderson, NC?
According to the most recent data on the cost of living, Henderson has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to North Carolina, Henderson has a cost of living index that's 0.9x lower than North Carolina's index of 95.
The standard of living in Henderson ranks as #7 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Henderson ranks as the #146 most expensive place in the Tar Heel State.
For more reading on life in Henderson, check out:
- Living In Henderson
- Henderson Crime Report
- Search Homes For Sale In Henderson, NC
In North Carolina
In America
Henderson Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Henderson. Here is how it fairs on each of the criteria:
The Services index in Henderson is 95.
The Groceries index in Henderson is 95.
The Health index in Henderson is 91.
The Housing index in Henderson is 57.
The Transportation index in Henderson is 100.
The Utilities index in Henderson is 83.
| Living Expense | Henderson | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 84 | 95 | 100 | |
| Services | 95 | 97 | 100 | |
| Groceries | 95 | 98 | 100 | |
| Health | 91 | 108 | 100 | |
| Housing | 57 | 91 | 100 | |
| Transportation | 100 | 92 | 100 | |
| Utilities | 83 | 95 | 100 | |
Henderson, NC Housing Cost Breakdown
Housing swings affordability the most between places in North Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Henderson is $94,200.
The Median Rent in Henderson is $727.
The Median Income in Henderson is $36,147.
The Home Value To Income in Henderson is 2.6x.
The Rent To Monthly Income in Henderson is 0.24x.
| Statistic | Henderson | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $94,200 | $197,500 | $244,900 |
| Median Rent | $727 | $988 | $1,163 |
| Median Income | $36,147 | $60,516 | $69,021 |
| Home Value To Income | 2.6x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Henderson, NC Costs By Category
Detailed Henderson Services Costs Vs. North Carolina
| Item | Henderson | North Carolina |
|---|---|---|
| Shampoo | $1.4 | $1.06 |
| Movie | $9.95 | $10.68 |
| Bowling | $4.33 | $14.67 |
| Haircut | $15.37 | $18.62 |
| Beauty Salon | $43.85 | $39.05 |
Detailed Henderson Groceries Costs Vs. North Carolina
| Item | Henderson | North Carolina |
|---|---|---|
| Ground Beef | $3.49 | $4.22 |
| Fried Chicken | $1.26 | $1.39 |
| Milk | $1.82 | $2.05 |
| Potatoes | $3.28 | $3.29 |
| Pizza | $9.32 | $10.62 |
| Beer | $8.21 | $9.38 |
| Toothpaste | $2.9 | $2.34 |
Detailed Henderson Health Costs Vs. North Carolina
| Item | Henderson | North Carolina |
|---|---|---|
| Optometrist | $108.68 | $108.57 |
| Doctor | $93.53 | $116.17 |
| Dentist | $86.2 | $99.13 |
Detailed Henderson Transportation Costs Vs. North Carolina
| Item | Henderson | North Carolina |
|---|---|---|
| Gasoline | $2.26 | $2.22 |
| Tire Balancing | $44.82 | $50.07 |
Detailed Henderson Utilities Costs Vs. North Carolina
| Item | Henderson | North Carolina |
|---|---|---|
| All Electricity | $154.43 | $167.67 |
| Phone | $19.95 | $175.64 |
Henderson SnackAbility
/10
Cost Of Living In Cities Around Henderson
The cost of living varies in the cities and towns around Henderson. Here's a quick look at the cost of living in the most populous nearby places:
Raleigh, NC has a cost of living index of 105, 1.2x Henderson.
Durham, NC has a cost of living index of 94, 1.1x Henderson.
Cary, NC has a cost of living index of 114, 1.4x Henderson.
| City | Population | Cost Of Living | Vs. Henderson |
|---|---|---|---|
| Raleigh, NC | 462,219 | 105 | 1.2x |
| Durham, NC | 279,106 | 94 | 1.1x |
| Cary, NC | 171,603 | 114 | 1.4x |
| Chapel Hill, NC | 60,920 | 118 | 1.4x |
| Apex, NC | 58,066 | 112 | 1.3x |
| Wake Forest, NC | 46,387 | 110 | 1.3x |
| Garner, NC | 30,859 | 99 | 1.2x |
| Morrisville, NC | 28,824 | 107 | 1.3x |
| Carrboro, NC | 21,237 | 111 | 1.3x |
| Knightdale, NC | 18,614 | 99 | 1.2x |
