Cost Of Living in Henderson, MI

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6%

Overall NAT. AVG.

1%

Groceries NAT. AVG.

9%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Henderson	Michigan	National
Cost of living	94	91	100
Groceries	99	98	100
Health care	93	97	100
Housing	91	76	100
Transportation	92	96	100
Utilities	97	100	100
Lifestyle & Entertainment	97	96	100
Household Items	94	98	100
Education & Childcare	90	95	100

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Homes For Sale In Henderson, MI

6725 W Collins Rd

Henderson, MI

18205 W Peet Rd

Henderson, MI

1090 Lakeside Dr

Owosso, MI

Cost Of Living Quick Facts

The cost of living in Henderson is 3% higher than the Michigan average
The cost of living in Henderson is 6% lower than the national average
Henderson housing is 9% lower than the national average
Michigan general sales tax is 18% higher than the national average
Michigan state income tax is 64% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$107,486	$8,957	$2,508	$3,225
Renters	$0	$0	$0	$0

Michigan Sales Tax

State	General Sales Tax	With Max Surtax
Michigan	6%	6%

Michigan Income Tax

State	Income Tax (Low)	Income Tax (High)
Michigan	4.25%	4.25%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Oakley, MI	293	80	19.9%
Middletown, MI	867	80	20.0%
Ashley, MI	515	82	17.7%
Ovid, MI	1,606	83	16.9%
St. Charles, MI	2,152	82	17.5%
Henderson, MI	362	94	6.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Rockford Bay, ID	362	171	71.5%
Ransom, IL	362	87	13.5%
Michiana Shores, IN	362	119	19.0%
Somerville, IN	362	86	14.2%
Lake Viking, MO	362	109	9.1%
Henderson, MI	362	94	6.5%