Hendersonville, TN

Above Avg · 115

Tennessee · Population 62,390 · Updated March 2026

$1,552
Median Rent / Month
$91,503
Median Income
$396,500
Median Home Value
$1,561
Owner Costs / Month

Affordability

How far your income goes in Hendersonville

20.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Tennessee

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
7.0%
Sales Tax
0.64%
Property Tax Rate

Estimated Annual Costs

$18,624
Annual Rent
$0
State Income Tax
$2,538
Property Tax (est.)

Cost of Living Overview

Hendersonville is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 115 (where 100 equals the national median), Hendersonville residents can expect to pay median rent of $1,552/month while earning a median household income of $91,503/year.

The median home value in Hendersonville, TN is $396,500, with typical monthly owner costs around $1,561 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Tennessee has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 7.0% sales tax rate and 0.64% effective property tax rate, the overall tax environment helps keep costs manageable in Hendersonville.

Frequently Asked Questions

Common questions about living costs in Hendersonville

What is the cost of living in Hendersonville, TN?
The cost of living index in Hendersonville, TN is 115 (US average = 100). Median monthly rent is $1,552, median household income is $91,503/year, and the median home value is $396,500.
Is Hendersonville, TN affordable?
No, Hendersonville is more expensive than the national average with a cost index of 115. The rent-to-income ratio is 20.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Hendersonville, TN?
The median gross rent in Hendersonville, TN is $1,552 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,624.
What is the median household income in Hendersonville?
The median household income in Hendersonville, TN is $91,503 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Tennessee?
Tennessee has a top income tax rate of 0%, a sales tax of 7.0%, and an effective property tax rate of 0.64%. Notably, there is no state income tax.