Cost of Living in Hendry County, Florida
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Hendry County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Hendry County ranks #2,877 of 3,144 counties for affordability (bottom 8%)
Data Story
About Cost of Living in Hendry County, Florida
Hendry's housing costs beat the nation
Hendry County residents spend 21.7% of income on rent, well below the national average and nearly a percentage point better than Florida's state median of 22.5%. With a median household income of $53,044—roughly 29% below the national average of $74,755—Hendry achieves relative affordability through lower rents averaging just $958 per month.
Among Florida's most affordable counties
Hendry ranks favorably within Florida for housing affordability, with rent-to-income ratios better than the state average. The county's median rent of $958 trails Florida's state median of $1,233 by nearly $275 monthly, making it an accessible option for renters statewide.
Cheaper than surrounding rural counties
Hendry's $958 monthly rent undercuts neighboring Highlands County ($980) and significantly beats Hillsborough County ($1,543). For homebuyers, Hendry's median home value of $189,700 is roughly $50,000 less than Indian River County ($314,700) while maintaining similar monthly ownership costs around $800.
Rent or own, both are reasonable
Renters in Hendry spend an average $958 monthly (21.7% of income), while homeowners pay $797 monthly for mortgages and ownership costs. Combined with the modest median household income of $53,044, both housing pathways remain within reasonable affordability ranges compared to state and national standards.
Hendry offers rural Florida affordability
If you're relocating from higher-cost Florida metros, Hendry delivers significant savings: rents roughly 22% below state average and homes under $190K. The county's rent-to-income ratio of 21.7% means you'll keep more of your paycheck compared to pricier coastal alternatives.
Cost of Living Advisory: Hendry County
Affordability Verdict
For renters in Hendry County, the market is affordable. Expect to pay around $958/month in gross rent, with 33.0% of renter households considered cost-burdened.
Rent vs. Own
At $958/month rent versus $797/month in owner costs, owning is roughly $161/month cheaper — a 17% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $38,320/year. For owner costs at the 28% rule, the required income is roughly $34,157/year. With a median household income of $53,044, most households can comfortably afford rent here. Notably, 33.0% of renter households in Hendry County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Florida, Hendry County is less affordable than Baker County by roughly 5% ($958/mo vs $1,011/mo).
Affordability Calculator
See how your income compares to housing costs in Hendry County
Rent Burden
21.7%
of gross income
Max Housing (28% Rule)
$1,238
per month
Owner Cost Burden
18.0%
of gross income
The median home in Hendry County may be a stretch
Median home value is $189,700. Estimated monthly cost: $1,514 vs. your max of $1,238.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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