Henderson cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexHendersonTexasNational
Cost of living index8691100
IndexHendersonTexasNational
Goods & Services index9795100
Groceries index9390100
Health care index8997100
Housing index6683100
Transportation index9694100
Utilities index92102100
An overview of the general cost of living index for Henderson, TX is displayed above for your reference. Residents in Henderson, TX enjoy a cost of living index of 86. This index is 6% lower than the Texas average, and 14% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Henderson, TX, the average cost of goods and services is 2% higher than it is in Texas, and it is 4% lower than the national average.
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Did you know?

  • The cost of living in Henderson is 6% lower than the Texas average.
  • The cost of living in Henderson is 14% lower than the national average.
  • The cost of housing in Henderson is 34% lower than the national average.
  • Texas general sales tax is 23% higher than the national average.
  • Texas state income tax is 100% lower than the national average.

Compare Henderson, TX Cost of living To Other Cities

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      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Using the salary calculator lets you compare the salary you earn in Henderson, TX to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Henderson, TX, you have to earn a higher income in order to still have the same standard of living. To operate the Henderson, TX salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$52,243$4,354$1,219$1,567
      Renters$25,646$2,137$598$769
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Henderson, TX as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Henderson, TX homeowners, is $52,243. This would allow for a maximum of $1,219 per month to be spent on housing costs. For renters, the median monthly income is $25,646 which would result in a maximum of $598 to be spent on rental costs.

      Texas Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Texas6.25%8.25%

      Texas Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Texas0%0%
      For those who live in Henderson, TX and want to know what the true cost of living is, they ought to look at both the Texas income tax rate and the Texas sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Texas, the sales tax is 6.25%, while the most you'll pay in surtax is 8.25%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Texas, the income tax rate ranges between 0% to 0%.

      Goods & Services

      ItemHendersonNational avg.Difference
      Haircut $16.50$17.495.7%
      Beauty Salon $39.17$38.172.6%
      Toothpaste $2.11$2.329.1%
      Shampoo $1.06$1.014.8%
      Movie $10.04$10.726.4%
      Bowling $14.00$13.861.0%

      Groceries

      ItemHendersonNational avg.Difference
      Ground Beef $3.45$3.9011.5%
      Fried Chicken $1.21$1.4013.3%
      Milk $1.63$1.9616.9%
      Potatoes $2.52$3.1820.8%
      Pizza $8.22$10.3920.9%
      Beer $9.75$9.235.6%

      Health Care

      ItemHendersonNational avg.Difference
      Optometrist $103.06$106.343.1%
      Doctor $84.75$115.2526.5%
      Dentist $85.67$98.3812.9%
      Ibuprofen $9.15$9.261.2%
      Lipitor $491.74$466.475.4%

      Housing

      ItemHendersonNational avg.Difference
      Home Price $118,600.00$184,700.0035.8%
      Avg. Mortgage Payment $1,132.30$1,273.3211.1%
      Apartment Rent $676.00$949.0028.8%

      Transportation

      ItemHendersonNational avg.Difference
      Gasoline $2.44$2.595.8%
      Tire Balancing $49.42$48.901.1%

      Utilities

      ItemHendersonNational avg.Difference
      All Electricity$143.10$167.6014.6%
      Phone $181.89$163.4211.3%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City, StatePopulationCost of Living IndexNational Avg.
      Arp, TX85180-20%
      Overton, TX2,56085-15%
      New London, TX1,11483-17%
      Lake Cherokee, TX2,4751066%
      Henderson, TX13,58786-14%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Riviera Beach, MD13,58611717%
      Muscle Shoals, AL13,58587-13%
      East Wenatchee, WA13,5891055%
      Avenal, CA13,5901022%
      Newington, VA13,58314343%
      Henderson, TX13,58786-14%
      Source: The Henderson, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.