States › Kentucky › Henderson

Is Henderson, KY expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$80854% lower than U.S. average
💵 Families earn per year (2026)$51,969about $4,331/month · 40% lower than U.S. average
🔑 House price$160,10052% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.1 years of household income. Commutes are short, about 19.8 minutes.

How much money do I need?

To rent here comfortably, you should earn about $32,320 a year. That is $16 an hour at a full-time job.

Is rent cheaper than other Kentucky cities?

Yes. Rent here is cheaper than in most of Kentucky. It is number 9 of 87 cities from cheapest to most expensive.

Henderson
$808

How much do households earn in Henderson?

Under $25k
23.0%
$25k–50k
30.0%
$50k–100k
28.3%
$100k–150k
9.3%
$150k+
3.8%

Share of households by yearly income. 13.1% of households earn $100,000 or more.

Rent by apartment size in Henderson

SizeHendersonU.S. average
Studio$653$1,338
1 bedroom$644$1,324
2 bedrooms$831$1,509
3 bedrooms$1,094$1,698
4 bedrooms$1,221$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Henderson overall?

Everyday prices in Kentucky overall are 10% below the U.S. average (index 90.2, U.S. = 100).

Housing
64
Goods (food, clothes…)
96
Utilities
75
Other services
97
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Henderson, so the Kentucky figure is shown.

Taxes and bills in Henderson

🏛️ Property tax$1,627a year · 1.02% of home value · U.S. $3,119
⚡ Electric bill$171a month (typical) · U.S. $156

Life in Henderson

Commute to work19.8 minU.S.: 26.4 min
College degree19.4%U.S.: 35.7%
Own their home54.1%U.S.: 65.2%
Below poverty line18.7%U.S.: 12.5%
Unemployment2.4%U.S.: 5.2%

Is it cheaper to rent or buy in Henderson?

Renting is cheaper right now: about $303 a month less.

Renting
$808
Owning
$1,111

Owning assumes a typical $160,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,010 for the down payment.

Frequently asked questions

What is the average rent in Henderson, KY?

Renting in Henderson costs a median of about $808 a month in 2026, including utilities. The Kentucky median is $1,175.

How much do I need to make to live in Henderson?

To keep rent under 30% of income, you need about $32,320 a year, or $16 an hour at a full-time job.

Is Henderson cheap or expensive?

Henderson is rated Cheap: rent takes 18.7% of the typical household income of $51,969. It ranks 9th cheapest of 87 Kentucky cities we track.

How much are property taxes in Henderson?

The median homeowner in Henderson pays $1,627 a year in property taxes, about 1.02% of the median home value.

Is Henderson more expensive than the national average?

Overall prices in Kentucky are 10% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Henderson?

The median home value in Henderson is $160,100, about 3.1 times the typical yearly household income.

27,852 people live in Henderson. Numbers are typical (middle) values.