Counties › Tennessee

Cost of Living in Henry County, TN

Population 32,412 · Census ACS 2020–2024 5-year estimates

Median rent$761
Median home value$160,200
Median household income$50,613

The median rent in Henry County, TN is $761/month, 36% lower than the Tennessee median and 46% lower than the U.S. median. The median home value is $160,200, 52% lower than the national median. Households earn a median of $50,613 a year, 27% lower than the state median.

Affordability

Rent as a share of median income: 18.0%
Income needed for median rent (30% rule): $30,440/yr
Home price-to-income ratio: 3.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $810/mo

Run your own numbers: mortgage calculator · hourly to salary

Henry County vs. Tennessee vs. U.S.

Henry CountyTennesseeU.S.
Median rent$761$1,189$1,413
Median home value$160,200$286,700$332,700
Median household income$50,613$69,595$80,734
Homeownership rate73.5%66.9%65.2%
Bachelor's degree or higher19.1%31.1%35.7%
Poverty rate18.3%13.8%12.5%
Unemployment rate4.8%4.7%5.2%
Work from home7.2%12.9%15.1%
Median age45.838.938.9

FAQ

What is the average rent in Henry County, TN?

The median gross rent in Henry County, TN is $761 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Henry County, TN?

Using the common 30% rule, renting a median-priced home takes about $30,440 a year in gross income.

Is Henry County, TN expensive to live in?

Rent there is 46% lower than the U.S. median, and the median home costs about 3.2 times the median household income.

Other counties in Tennessee

Shelby County, TNRent $1,232 · Income $63,767Davidson County, TNRent $1,582 · Income $77,853Knox County, TNRent $1,261 · Income $74,222Hamilton County, TNRent $1,253 · Income $76,183Rutherford County, TNRent $1,502 · Income $85,470Williamson County, TNRent $1,969 · Income $135,594

Counties with a similar cost of living

Cibola County, NMRent $759 · Income $50,759Leake County, MSRent $765 · Income $50,728Cross County, ARRent $764 · Income $50,863Lincoln County, MSRent $760 · Income $51,119Northampton County, NCRent $758 · Income $50,086Graves County, KYRent $775 · Income $50,772

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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