Henderson, TN Cost Of Living
Cost Of Living In Henderson, TN 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 Tennessee, 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 82, with 100 being the average.
The cost of living index in Henderson is 0.8x lower than the national average.
Henderson ranks as the #26 cheapest in Tennessee out of 105.
Henderson ranks as the #377 cheapest out of 6,412 in the US.
The median home value in Henderson is $97,700.
The median income in Henderson is $43,542.
Table Of Contents
Henderson's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Henderson, TN?
According to the most recent data on the cost of living, Henderson has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Tennessee, Henderson has a cost of living index that's 0.9x lower than Tennessee's index of 90.
The standard of living in Henderson ranks as #26 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Henderson ranks as the #79 most expensive place in the Volunteer State.
For more reading on life in Henderson, check out:
- Living In Henderson
- Henderson Crime Report
- Search Homes For Sale In Henderson, TN
In Tennessee
In America
Henderson Cost Of Living Vs. Tennessee
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 92.
The Groceries index in Henderson is 87.
The Health index in Henderson is 84.
The Housing index in Henderson is 65.
The Transportation index in Henderson is 88.
The Utilities index in Henderson is 97.
| Living Expense | Henderson | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 82 | 90 | 100 | |
| Services | 92 | 93 | 100 | |
| Groceries | 87 | 96 | 100 | |
| Health | 84 | 88 | 100 | |
| Housing | 65 | 82 | 100 | |
| Transportation | 88 | 90 | 100 | |
| Utilities | 97 | 93 | 100 | |
Henderson, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, 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 $97,700.
The Median Rent in Henderson is $645.
The Median Income in Henderson is $43,542.
The Home Value To Income in Henderson is 2.2x.
The Rent To Monthly Income in Henderson is 0.18x.
| Statistic | Henderson | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $97,700 | $193,700 | $244,900 |
| Median Rent | $645 | $951 | $1,163 |
| Median Income | $43,542 | $58,516 | $69,021 |
| Home Value To Income | 2.2x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Henderson, TN Costs By Category
Detailed Henderson Services Costs Vs. Tennessee
Detailed Henderson Groceries Costs Vs. Tennessee
Detailed Henderson Health Costs Vs. Tennessee
Detailed Henderson Transportation Costs Vs. Tennessee
Detailed Henderson Utilities Costs Vs. Tennessee
Henderson SnackAbility
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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:
Jackson, TN has a cost of living index of 86, 1.0x Henderson.
Corinth, MS has a cost of living index of 82, 1.0x Henderson.
Brownsville, TN has a cost of living index of 80, 1.0x Henderson.
| City | Population | Cost Of Living | Vs. Henderson |
|---|---|---|---|
| Jackson, TN | 67,753 | 86 | 1.0x |
| Corinth, MS | 14,545 | 82 | 1.0x |
| Brownsville, TN | 9,807 | 80 | 1.0x |
| Milan, TN | 8,143 | 82 | 1.0x |
| Humboldt, TN | 7,899 | 78 | 1.0x |
| Lexington, TN | 7,849 | 79 | 1.0x |
| Savannah, TN | 7,157 | 78 | 1.0x |
| McKenzie, TN | 5,590 | 78 | 1.0x |
| Bolivar, TN | 5,177 | 80 | 1.0x |
