Cost of Living in Henderson, NC

Population 14,922 · North Carolina · Data vintage 2023

48
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Henderson's median household income of $38,780 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (27% here).

Geographically, Henderson is about 35 miles northeast of Durham, the nearest large metro. Median home values run roughly 67% lower than Durham's $355,000.

Cost Overview

Housing 38
Rent 64

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Henderson

The median home value in Henderson is $116,800 — 62% below the national median of $305,000. Median rent runs $835/month, 36% lower than the national median of $1,314/month. The median household income of $38,780/year is 48% lower than the US median of $74,580. The local unemployment rate is 5.3%, above the national average of 4.8%. North Carolina's top state income tax rate is 4.5% and the combined sales tax is 7.0%. The climate averages highs of 72.0°F and lows of 50.4°F, with about 5.2" of annual snowfall. Overall, Henderson has a cost of living index of 48 versus the US average of 100, meaning it is 52% less expensive.

🏠 Housing

Median Home Value
$116,800
62% below avg
Zillow Home Value
$176,685
Zillow ZHVI
Median Rent
$835/mo
36% below avg
Zillow Rent
$1,080/mo
Zillow ZORI
Price-to-Rent Ratio
11.7x
Favors buying
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$826
1 BR
$860
2 BR
$1,049
3 BR
$1,384
4 BR
$1,637
Owner-occupied 39.5%
Renter-occupied 60.5%

💰 Estimated Monthly Budget

Rent median rent
$835
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,449/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
24.1 min
11% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.2%

Commute Mode

Drove alone
79.8%
Carpooled
9.3%
Walked
1.8%
Work from home
8.2%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.5%
Total Sales Tax 7.0%
State rate 4.8%
Avg local rate 2.2%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$38,780
48% below avg
Per Capita Income
$24,005
Unemployment Rate
5.3%
10% above avg
Poverty Rate
27.4%
Labor Force Participation
57.2%

🎓 Education

Bachelor's degree+ 12.2%
Graduate degree 4.0%

👥 Demographics

Median Age 36.6
Male median age 35
Female median age 39

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
72.0°F
Avg Low
50.4°F
Annual Precip
46.1"
Annual Snowfall
5.2"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 525663738087918983736355
Low °F 323440495866706963504034
Precip" 3.432.784.103.533.383.895.024.715.153.373.323.39
Snow" 2.61.40.30.00.00.00.00.00.00.00.10.8

🏫 Schools

NCES CCD 2019 — public school district data

90%
4-Year Graduation Rate
15.4:1
Student-teacher ratio
15
Public schools
5,555
Total enrollment

Frequently Asked Questions

What is the cost of living in Henderson, NC?

Henderson has a cost index of 48 (100 = national average). It is 52% below the national average.

What is average rent in Henderson, NC?

The median gross rent in Henderson is $835 per month based on 2023 Census data.

What is the average home price in Henderson?

The median home value in Henderson is $116,800 according to Zillow and Census data.

What is the median income in Henderson?

The median household income in Henderson is $38,780 per year (2023 ACS 5-year estimates).

What is the sales tax in Henderson, NC?

The combined state and local sales tax rate in Henderson is 7.0%. The North Carolina state income tax top rate is 4.5%.

Is Henderson, NC affordable?

Yes, Henderson is generally considered affordable, with a cost of living index of 48 — about 52% below the US national average of 100.

What is the weather like in Henderson?

Henderson has average high temperatures of 72.0°F and average lows of 50.4°F. Annual precipitation is 46.1". Average annual snowfall is 5.2". Data from NOAA 1991–2020 Climate Normals.

Henderson at a Glance

Population
14,922
Median Income
$38,780
Home Value
$116,800
Median Rent
$835/mo
Unemployment
5.3%
Avg High Temp
72.0°F
Sales Tax
7.0%
View all cities in North Carolina →
🗺️ County data for North Carolina

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs