The cost of living in Henderson is approximately 8% higher than the national average. This calculation considers various factors, including housing, transportation, healthcare, utilities, taxes, entertainment, and groceries.
Let’s break down these factors in detail to better understand the cost of living in Henderson, Nevada!
What is The Cost of Living in Henderson?
Henderson offers a quality lifestyle with ample entertainment, dining, and job opportunities. While it’s pricier than some smaller cities, it remains more affordable compared to major metropolitan areas.
Here are the latest statistics:
- Cost of Living Index: 118 (National Average: 100)
- Population: Approx. 317,610
- Median Household Income: $88,654
Is Henderson Expensive to Live In?
Nevada offers high-quality opportunities at a relatively moderate cost, making it an attractive relocation destination. To put it into perspective, living in Henderson with $5,000 provides a similar lifestyle to $6,000 in some other U.S. cities.
Primary Factors:
- Housing: Above average
- Transportation: Relatively high
- Healthcare: Below average
- Utilities: Above average
- Groceries: Slightly above average
What is the Average Salary in Henderson?
Income in Henderson varies by profession and experience. The median household income is $88,654, which is 17% higher than the state average. The median individual income is $50,700, 21% higher than the state average.
The highest earners work in specialized fields such as:
- Medical professionals
- Tech industry professionals
- Legal professionals
- Business executives
- Engineering professionals
Housing Costs in Henderson
Whether you’re looking to rent or buy, Henderson offers a variety of options at different price points.
Home Prices
The median home price in Henderson is $510,000, with a median price per square foot of $267. This reflects a housing cost that is 72% higher than the national average.
Rental Costs in Henderson
As of October 2024, the median rent for houses in Henderson is $2,250 per month. The average apartment rent is $1,494 per month, reflecting a slight decrease of 0.7% from the previous year.
Rental Prices by Apartment Size:
- Studio: $1,464/month
- One Bedroom: $1,693/month
- Two Bedrooms: $1,947/month
Utility Costs in Henderson
Utility costs in Henderson are higher than the national average.
- Electricity: $226.08 / month
- Phone: $218.70 / month
- Gas: $3.90 / gallon
Transportation Costs in Henderson
Transportation expenses in Henderson are higher than the national average.
- Gasoline: $3.90 per gallon
- Public Transportation: Costs vary; specific data not available.
Grocery and Food Costs in Henderson
Grocery prices in Henderson are about 5% higher than the national average.
Basic Grocery Prices:
- Loaf of Bread: $4.16
- Carton of Eggs: $3.64
- Bunch of Bananas: $0.76
- Hamburger: $5.81
Healthcare Costs in Henderson
Healthcare costs in Henderson are 13% lower than the national average.
- Doctor’s Visit: $122.06
- Dentist Visit: $100.37
- Optometrist Visit: $111.80
- Prescription Drug: $211.91
Education Costs in Henderson
Public K-12 Education
Public schools in Nevada are free for residents.
Private Schools
Annual tuition varies; specific data not available.
Higher Education Costs
- Community Colleges: Tuition varies; specific data not available.
- Universities: Tuition varies; specific data not available.
Taxes in Henderson
- Sales Tax: Approximately 8.14%
- Property Tax: Among the lowest in the country
So, What’s the Cost of Moving to Henderson, Nevada?
If you’re planning to relocate to Henderson, knowing moving costs can help you budget effectively. Here’s what you can expect on average from our Henderson movers:
- Local Moves: $90 – $150 per hour for a two-person team and a truck
- Long-Distance Moves: $0.60 – $1.80 per mile (depending on distance and weight of items)
- Storage Fees: (varies based on unit size and location)
The total cost of moving to Henderson, NV will depend on factors such as distance, home size, packing services, and storage needs. With a growing economy, excellent quality of life, and access to Las Vegas’ amenities, Henderson is one of the top-rated cities to live in Nevada.