Cost of Living in Henry County, Tennessee
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
Data Story
About Cost of Living in Henry County, Tennessee
Henry County rents above national
Henry County renters spend 18.3% of income on housing, slightly above the national average of roughly 18%. With median household income of $48,540—35% below the national median of $74,755—residents face above-average rent burdens despite modest earnings.
Below-average Tennessee affordability
Henry County's 18.3% rent-to-income ratio exceeds Tennessee's state average of 17.6%, placing it among less affordable counties statewide. The $741 median rent runs 14% below the state average of $860, yet low wages still create strain.
Rents near regional low, wages lower
Henry's $741 rent rivals Hawkins ($744) as among the region's cheapest, yet household income ($48,540) lags both Henderson ($53,471) and Hawkins ($55,278). The county's rent advantage evaporates when income is factored in.
Tight squeeze despite cheap rents
Renters spend $741 monthly while homeowners pay $606—a $135 gap on a median income of just $4,045. Both scenarios leave households with roughly $3,300 after housing for all other expenses.
Cheap rent needs strong paychecks
Henry County's low rents look attractive until you examine median income—at $48,540, wages here are nearly 35% below the nation's median. Before relocating for the affordable housing, confirm your new employer can match or beat current earnings.
Affordability Calculator
See how your income compares to housing costs in Henry County
Rent Burden
18.3%
of gross income
Max Housing (28% Rule)
$1,133
per month
Owner Cost Burden
15.0%
of gross income
The median home in Henry County may be a stretch
Median home value is $145,200. Estimated monthly cost: $1,159 vs. your max of $1,133.
Rent Affordability Guide
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.