Cost of Living in Henderson, KY
Population 27,994 · Kentucky · Data vintage 2023
(100 = US avg)
Household incomes in Henderson run well below national norms — a median of $47,176 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $151,000). The labor market has been unusually tight, with unemployment around 2.6% — below most comparable cities in the state.
Geographically, Henderson sits roughly 11 miles south of Evansville. Median home values run roughly 17% higher than Evansville's $129,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Henderson
The median home value in Henderson is $151,400 — 50% below the national median of $305,000. Median rent runs $788/month, 40% lower than the national median of $1,314/month. The median household income of $47,176/year is 37% lower than the US median of $74,580. The local unemployment rate is 2.6%, below the national average of 4.8%. Kentucky's top state income tax rate is 4.0% and the combined sales tax is 6.0%. Overall, Henderson has a cost of living index of 54 versus the US average of 100, meaning it is 46% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Henderson, KY?
Henderson has a cost index of 54 (100 = national average). It is 46% below the national average.
What is average rent in Henderson, KY?
The median gross rent in Henderson is $788 per month based on 2023 Census data.
What is the average home price in Henderson?
The median home value in Henderson is $151,400 according to Zillow and Census data.
What is the median income in Henderson?
The median household income in Henderson is $47,176 per year (2023 ACS 5-year estimates).
What is the sales tax in Henderson, KY?
The combined state and local sales tax rate in Henderson is 6.0%. The Kentucky state income tax top rate is 4.0%.
Is Henderson, KY affordable?
Yes, Henderson is generally considered affordable, with a cost of living index of 54 — about 46% below the US national average of 100.
Henderson at a Glance
- Population
- 27,994
- Median Income
- $47,176
- Home Value
- $151,400
- Median Rent
- $788/mo
- Unemployment
- 2.6%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Kentucky Rankings
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