Cost of Living in Henderson, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
118.5
100 = national avg
+18.5 vs national average
Living Wage (1 Adult)
$52,123
per year
Living Wage (Family of 4)
$123,200
per year
Cost Index by Category
Housing107.0
Food117.8
Transportation135.7
Healthcare114.3
Utilities112.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$742
per month
2 Bedroom
$973
per month
The overall cost of living index in Henderson is 118.5, which is 18.5% above the national average. Housing costs are above the national average at an index of 107.0. A single adult needs to earn approximately $52,123 per year to cover basic expenses.