Cost of Living in Henry County, Ohio

$866/mo
Median Monthly Rent
$166,000
Median Home Value
1% below state averageUnaffordable

At a Glance

Median Monthly Rent
$866/mo
1% below state average
Median Home Value
$166,000
41% below national
Rent-to-Income Ratio
21.0%
% 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$866/mo
Ohio Average$873/mo
National Median$1,163/mo

Detailed Housing Stats

$866/mo
Median Gross Rent
$166,000
Median Home Value
$957/mo
Monthly Owner Cost
21.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio13.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Henry County, Ohio?
Henry County, Ohio has a median monthly rent of $866/mo and a median home value of $166,000. The affordability rating is Unaffordable, with rent making up approximately 21.0% of median household income.
What is the median rent in Henry County?
The median gross rent in Henry County is $866/mo. This is 1% below state average for Ohio.
Is Henry County affordable?
Henry County is rated Unaffordable based on rent-to-income ratio of 21.0%. 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 $866/mo is 1% below state average of $873/mo for Ohio.
What is the median home value in Henry County?
The median home value in Henry County, Ohio is $166,000. This is 41% below the national median home value of $281,900.
Sponsored

Planning a Move?

Researching the cost of living in Henry County, Ohio? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes

Counties with Similar Housing Costs

Sponsored

Compare Mortgage Rates in Henry County

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.