Cost of living in Hendersonville research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hendersonville is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in North Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Hendersonville is 98, with 100 being the average.
The cost of living index in Hendersonville is 1.0x lower than the national average.
Hendersonville ranks as the #92 cheapest in North Carolina out of 153.
Hendersonville ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Hendersonville is $217,200.
The median income in Hendersonville is $46,309.
According to the most recent data on the cost of living, Hendersonville has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to North Carolina, Hendersonville has a cost of living index that's 1.0x higher than North Carolina's index of 95.
The standard of living in Hendersonville ranks as #92 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Hendersonville ranks as the #61 most expensive place in the Tar Heel State.
For more reading on life in Hendersonville, check out:
Six factors go into calculating the cost of living index in Hendersonville. Here is how it fairs on each of the criteria:
The Services index in Hendersonville is 99.
The Groceries index in Hendersonville is 97.
The Health index in Hendersonville is 118.
The Housing index in Hendersonville is 88.
The Transportation index in Hendersonville is 103.
The Utilities index in Hendersonville is 107.
|Living Expense||Hendersonville||North Carolina||National Average|
Housing swings affordability the most between places in North Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Hendersonville is $217,200.
The Median Rent in Hendersonville is $1,018.
The Median Income in Hendersonville is $46,309.
The Home Value To Income in Hendersonville is 4.7x.
The Rent To Monthly Income in Hendersonville is 0.26x.
|Statistic||Hendersonville||North Carolina||United States|
|Median Home Value||$217,200||$197,500||$244,900|
|Home Value To Income||4.7x||3.3x||3.5x|
|Rent To Monthly Income||0.26x||0.2x||0.2x|
The cost of living varies in the cities and towns around Hendersonville. Here's a quick look at the cost of living in the most populous nearby places:
Asheville, NC has a cost of living index of 106, 1.1x Hendersonville.
Fletcher, NC has a cost of living index of 104, 1.1x Hendersonville.
Brevard, NC has a cost of living index of 98, 1.0x Hendersonville.