Cost of Living in Henry County, Ohio
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Henry County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Henry County ranks #1,256 of 3,144 counties for affordability (top 40%)
Data Story
About Cost of Living in Henry County, Ohio
Henry County shines on affordability
At 13.1%, Henry County's rent-to-income ratio is among the nation's best, allowing renters to keep more income for other needs. With a median household income of $79,267—6% above the national average—combined with moderate rents of $866, Henry offers the region's strongest housing affordability position.
One of Ohio's most affordable counties
Henry County's 13.1% rent-to-income ratio ranks well above most Ohio counties, beating the state average of 15.6% by 2.5 percentage points. This superior affordability stems from above-average incomes paired with reasonable rents.
Henry leads the affordability pack
Henry County's 13.1% rent-to-income ratio outperforms every neighboring county in the analysis, with only Holmes County (12.4%) approaching it. The combination of higher incomes and moderate rents makes Henry the region's most comfortable housing environment.
Henry's favorable income-to-cost ratio
On a $79,267 median household income, renters spend $866 monthly (13.1% of income), while homeowners allocate $957 (14.5% of income). Both figures sit well below the 30% affordability threshold, providing substantial breathing room in household budgets.
Henry County: relocate to stability
Considering a move to Ohio? Henry County combines above-average incomes with below-average housing burdens—a rare pairing that means financial flexibility after housing. The county's median home value of $166,000 and strong renter affordability appeal to families seeking genuine cost-of-living relief.
Cost of Living Advisory: Henry County
Affordability Verdict
Henry County is affordable for renters, with a median gross rent of $866/month representing approximately 13.1% of median household income. The rent burden (GRAPI) stands at 21.0%.
Rent vs. Own
Renters in Henry County pay $866/month on average, compared to $957/month for homeowners. This market favors renters by about 10%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $34,640/year. For owner costs at the 28% rule, the required income is roughly $41,014/year. With a median household income of $79,267, most households can comfortably afford rent here. Notably, 21.0% of renter households in Henry County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Henry County sits 6% more expensive than Seneca County ($814/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Henry County
Rent Burden
13.1%
of gross income
Max Housing (28% Rule)
$1,850
per month
Owner Cost Burden
14.5%
of gross income
You can likely afford the median home in Henry County
Median home value is $166,000. Estimated monthly cost: $1,325 vs. your max of $1,850.
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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