Hendersonville, NC

Below Avg · 86

North Carolina · Population 15,253 · Updated March 2026

$1,232
Median Rent / Month
$52,337
Median Income
$282,500
Median Home Value
$1,105
Owner Costs / Month

Affordability

How far your income goes in Hendersonville

28.2%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in North Carolina

State-level tax rates that affect your costs

4.5%
Income Tax (Top Rate)
4.75%
Sales Tax
0.8%
Property Tax Rate

Estimated Annual Costs

$14,784
Annual Rent
$2,355
State Income Tax
$2,260
Property Tax (est.)

Cost of Living Overview

Hendersonville offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 86 (where 100 equals the national median), Hendersonville residents can expect to pay median rent of $1,232/month while earning a median household income of $52,337/year.

The median home value in Hendersonville, NC is $282,500, with typical monthly owner costs around $1,105 including mortgage, insurance, and taxes. With a rent-to-income ratio of 28.2%, Hendersonville falls within the generally affordable range, though it's approaching the 30% burden threshold.

North Carolina has a moderate income tax rate of 4.5%. Combined with a 4.75% sales tax rate and 0.8% effective property tax rate, the overall tax environment is a factor in the total cost of living in Hendersonville.

Frequently Asked Questions

Common questions about living costs in Hendersonville

What is the cost of living in Hendersonville, NC?
The cost of living index in Hendersonville, NC is 86 (US average = 100). Median monthly rent is $1,232, median household income is $52,337/year, and the median home value is $282,500.
Is Hendersonville, NC affordable?
Yes, Hendersonville is more affordable than the national average with a cost index of 86. The rent-to-income ratio is 28.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Hendersonville, NC?
The median gross rent in Hendersonville, NC is $1,232 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,784.
What is the median household income in Hendersonville?
The median household income in Hendersonville, NC is $52,337 per year. This compares to the national median of approximately $80,000.
What are the taxes like in North Carolina?
North Carolina has a top income tax rate of 4.5%, a sales tax of 4.75%, and an effective property tax rate of 0.8%.