Cost of Living in Henderson, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
117.4
100 = national avg
+17.4 vs national average
Living Wage (1 Adult)
$51,651
per year
Living Wage (Family of 4)
$122,084
per year
Cost Index by Category
Housing113.6
Food113.9
Transportation127.8
Healthcare111.1
Utilities111.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$812
per month
2 Bedroom
$1,066
per month
The overall cost of living index in Henderson is 117.4, which is 17.4% above the national average. Housing costs are above the national average at an index of 113.6. A single adult needs to earn approximately $51,651 per year to cover basic expenses.