Cost of Living in Henderson, TN
Population 6,349 · Tennessee · Data vintage 2023
(100 = US avg)
Henderson sits on the smaller end of the Tennessee city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Around 24% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.
Geographically, Henderson lies roughly 75 miles east of the nearest major metro, Memphis. Median home values run roughly 17% lower than Memphis' $157,000.
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 $130,100 — 57% below the national median of $305,000. Median rent runs $725/month, 45% lower than the national median of $1,314/month. The median household income of $57,727/year is 23% lower than the US median of $74,580. The local unemployment rate is 3.5%, below the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 71.0°F and lows of 48.9°F. Overall, Henderson has a cost of living index of 48 versus the US average of 100, meaning it is 52% less expensive.
Henderson has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 49 | 53 | 62 | 72 | 80 | 87 | 90 | 90 | 84 | 73 | 61 | 51 |
| Low °F | 29 | 33 | 40 | 48 | 58 | 66 | 69 | 67 | 60 | 48 | 38 | 32 |
| Precip" | 4.07 | 4.40 | 5.55 | 5.12 | 5.58 | 4.76 | 4.37 | 3.53 | 3.58 | 3.63 | 4.33 | 5.01 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Henderson, TN?
Henderson has a cost index of 48 (100 = national average). It is 52% below the national average.
What is average rent in Henderson, TN?
The median gross rent in Henderson is $725 per month based on 2023 Census data.
What is the average home price in Henderson?
The median home value in Henderson is $130,100 according to Zillow and Census data.
What is the median income in Henderson?
The median household income in Henderson is $57,727 per year (2023 ACS 5-year estimates).
What is the sales tax in Henderson, TN?
The combined state and local sales tax rate in Henderson is 9.6%. Tennessee has no state income tax.
Is Henderson, TN 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 71.0°F and average lows of 48.9°F. Annual precipitation is 53.9". Data from NOAA 1991–2020 Climate Normals.
Henderson at a Glance
- Population
- 6,349
- Median Income
- $57,727
- Home Value
- $130,100
- Median Rent
- $725/mo
- Unemployment
- 3.5%
- Avg High Temp
- 71.0°F
- Sales Tax
- 9.6%
Explore county-level cost of living data
Tennessee Rankings
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