States › Tennessee › Henderson

Is Henderson, TN expensive to live in?

CheapRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$82253% lower than U.S. average
💵 Families earn per year (2026)$49,544about $4,129/month · 43% lower than U.S. average
🔑 House price$147,90056% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $32,880 a year. That is $16 an hour at a full-time job.

Is rent cheaper than other Tennessee cities?

Yes. Rent here is cheaper than in most of Tennessee. It is number 13 of 114 cities from cheapest to most expensive.

Henderson
$822
Loudon
$925
Pigeon Forge
$1,335
Sweetwater
$651
Munford
$1,489
Jonesborough
$1,287
Kingston
$753

How much do households earn in Henderson?

Under $25k
22.9%
$25k–50k
21.4%
$50k–100k
34.1%
$100k–150k
6.0%
$150k+
4.9%

Share of households by yearly income. 10.8% of households earn $100,000 or more.

Rent by apartment size in Henderson

SizeHendersonU.S. average
2 bedrooms$794$1,509
3 bedrooms$1,034$1,698

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

How expensive is Henderson overall?

Everyday prices in Tennessee overall are 8% below the U.S. average (index 91.9, U.S. = 100).

Housing
79
Goods (food, clothes…)
96
Utilities
72
Other services
95
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 Tennessee figure is shown.

Taxes and bills in Henderson

🏛️ Property tax$814a year · 0.55% of home value · U.S. $3,119
⚡ Electric bill$158a month (typical) · U.S. $156

Life in Henderson

Commute to work24.1 minU.S.: 26.4 min
College degree22.7%U.S.: 35.7%
Own their home58.1%U.S.: 65.2%
Below poverty line24.1%U.S.: 12.5%
Unemployment3.3%U.S.: 5.2%

Is it cheaper to rent or buy in Henderson?

Renting is cheaper right now: about $204 a month less.

Renting
$822
Owning
$1,026

Owning assumes a typical $147,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $14,790 for the down payment.

Frequently asked questions

What is the average rent in Henderson, TN?

Renting in Henderson costs a median of about $822 a month in 2026, including utilities. The Tennessee median is $1,279.

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

To keep rent under 30% of income, you need about $32,880 a year, or $16 an hour at a full-time job.

Is Henderson cheap or expensive?

Henderson is rated Cheap: rent takes 19.9% of the typical household income of $49,544. It ranks 13th cheapest of 114 Tennessee cities we track.

How much are property taxes in Henderson?

The median homeowner in Henderson pays $814 a year in property taxes, about 0.55% of the median home value.

Is Henderson more expensive than the national average?

Overall prices in Tennessee are 8% 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 $147,900, about 3.0 times the typical yearly household income.

6,411 people live in Henderson. Numbers are typical (middle) values.