Cost of Living in Henry County, Alabama

$770/mo
Median Monthly Rent
$147,800
Median Home Value
4% below state averageUnaffordable

At a Glance

Median Monthly Rent
$770/mo
4% below state average
Median Home Value
$147,800
48% below national
Rent-to-Income Ratio
28.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Henry County Compares

Median monthly rent comparison

Henry County$770/mo
Alabama Average$799/mo
National Median$1,163/mo

Detailed Housing Stats

$770/mo
Median Gross Rent
$147,800
Median Home Value
$673/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Henry County, Alabama

Henry County homes stay within reach

At 15.4%, Henry County's rent-to-income ratio significantly beats the national problem threshold and ranks well below the U.S. pattern of affordability stress. With a median household income of $60,135—just 20% below the national average—renters here experience reasonable housing burden despite modest wages.

Best affordability in this rural cluster

Henry County's 15.4% rent-to-income ratio ranks it among Alabama's most affordable counties, beating the state average of 18.0%. This positions Henry as an outlier—a place where working families can realistically afford stable housing.

Henry leads neighboring county affordability

Henry County's 15.4% rent-to-income ratio outpaces Houston County (18.9%) and Jackson County (18.5%), even though all three have comparable incomes. Henry's lower rents—$770 versus Houston's $905—explain this advantage.

Henry County's housing budget

Monthly rent of $770 consumes 15.4% of a typical Henry County household's $5,011 income, leaving substantial room for other expenses. Homeowners pay $673 monthly on average, with median home values around $147,800—affordable options across the market.

A solid choice for rural Alabama living

Henry County offers some of Alabama's most balanced housing costs, making it ideal for families earning $55,000–$65,000 annually. The combination of reasonable rents and moderate home prices makes this county one of the strongest values in the region.

Affordability Calculator

See how your income compares to housing costs in Henry County

$

Rent Burden

15.4%

of gross income

Max Housing (28% Rule)

$1,403

per month

Owner Cost Burden

13.4%

of gross income

You can likely afford the median home in Henry County

Median home value is $147,800. Estimated monthly cost: $1,180 vs. your max of $1,403.

Rent Affordability Guide

Your rent-to-income ratio15.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Henry County, Alabama?
Henry County, Alabama has a median monthly rent of $770/mo and a median home value of $147,800. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Henry County?
The median gross rent in Henry County is $770/mo. This is 4% below state average for Alabama.
Is Henry County affordable?
Henry County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Henry County's rent compare to the state average?
Henry County's median rent of $770/mo is 4% below state average of $799/mo for Alabama.
What is the median home value in Henry County?
The median home value in Henry County, Alabama is $147,800. This is 48% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.