Cost of Living in Henderson, TN
Housing
The housing market plays a significant role in determining the cost of living in Henderson, TN.
- Housing Index: 90.0 / 100
- Median Home Price is: $245,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1200 per month
In evaluating the living conditions in Henderson, TN, we find a housing index of 90.0, indicating a moderately affordable market. The median home price of 245000 is competitive compared to national averages, making homeownership a viable option for many. Additionally, the average rent for both a 2-bedroom apartment and house stands at 1200, suggesting the rental market is stable but reflects a higher demand. Potential movers should weigh the benefits of home investment versus rental options in this picturesque locale.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Henderson, TN.
- Electricity Price: $12.57 USD (median by state)
- Natural Gas Price: $12.35 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Henderson, TN could entail higher utility costs. Electricity costs sit at $12.57, while natural gas is priced at $12.35 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.