Cost of Living in Henderson, MN
Housing
The housing market plays a significant role in determining the cost of living in Henderson, MN.
- Housing Index: 89.5 / 100
- Median Home Price is: $280,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1250 per month
When considering a move to Henderson, MN, it's important to note that the housing index is relatively low at 89.5, which may indicate a more affordable housing market overall. With a median home price of 280000, homeownership may be within reach for many. The average rent for a 2-bedroom apartment stands at 1200, while renting a 2-bedroom house is slightly higher at 1250. This suggests that while housing purchase options could be favorable, renting may provide flexibility without substantial financial commitment in this thriving area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Henderson, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Henderson, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Henderson is a financially viable option for your relocation.