Henderson, MN Cost of Living


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How much do I need to live in Henderson, Minnesota?
$5,280 / month
for a family, 2.2% less expensive than the national average A total of $63,360 for the year for a family.
$3,500 / month
for a single person, 26.6% less expensive than the national average A total of $42,000 for the year for a single person.

Henderson cost of living score
84.3
Less expensive
15.7% lower
than the US average
13.3% lower
than the Minnesota average
Henderson, Minnesota gets a BestPlaces Cost of Living score of 84.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.7% lower than the U.S. average and 13.3% higher than the average for Minnesota.

Henderson, MN

Housing costs in Henderson?
A typical home costs $330,800, which is 2.2% less expensive than the national average of $338,100 and 6.9% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Henderson costs $1,300 per month, which is 9.1% cheaper than the national average of $1,430 and 4.6% more than the state average of $1,240.

Can I afford Henderson?
To live comfortably in Henderson, Minnesota, a minimum annual income of $63,360 for a family, and $42,000 for a single person is recommended.

What does A.I. say about Henderson?
The cost of living in Henderson, MN is relatively low when compared to other cities in the area. According to a 2020 survey from BestPlaces, the average prices for food and groceries, restaurants, transportation, utilities, and rent are all lower than the national average. This makes it an ideal city for those looking for a more affordable place to live. Additionally, Henderson boasts an array of outdoor activities and recreational opportunities that make it a great place to call home.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesHendersonMinnesotaUnited States
    Unlock97.2100.0
  99.6  Unlock100.0
    Unlock78.3100.0
  89.8  Unlock100.0
    Unlock$309,500$338,100
  95.1  Unlock100.0
    Unlock96.4100.0
  83.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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