Living in Henderson, Michigan
Cost of living, income, home prices, rent and demographics of Henderson · Census data 2020–2024
Henderson has 320 residents with a median age of 55.6. The median household income is $73,750 (about the same as the Michigan median), the median home value is $173,100, the median rent is $1,031/month.
Henderson is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Henderson at a glance
- Population
- 320
- Median age
- 55.6State: 40.2
- Median household income
- $73,750State: $72,875
- Median home value
- $173,100State: $231,600
- Median rent
- $1,031/moState: $1,129
- Homeowners
- 83.5%
- Bachelor's degree or higher
- 17.1%
- Average commute
- 33 min
Is Henderson a good place to live?
Pros: Median household income about the same as the Michigan median; home values 25% lower than the state median; unemployment of 5%; a poverty rate of 11.6%.
Cons: An average commute of 33 minutes.
The weather is best in June to September.
Cost of living in Henderson
Housing is the biggest part of the cost of living. In Henderson the median home value is $173,100, 48% lower than the U.S. median. Renters pay a median of $1,031 per month, which is 16.1% of household income. Homeowners with a mortgage pay $1,384 a month in housing costs.
Henderson median household income
The median household income in Henderson is $73,750 and the income per person is $37,894. 11.6% of residents live below the poverty line (Michigan: 13.2%).
Housing in Henderson: homes for sale and rent
- Housing units
- 167
- Owner-occupied
- 83.5%
- Renter-occupied
- 16.5%
- Vacant
- 1.8%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 1.95
Henderson demographics
- Population
- 320
- Median age
- 55.6
- Under 18
- 4.4%
- 65 and older
- 20.3%
- Households
- 164
- Foreign-born
- 0%
- Veterans
- 2.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Henderson ›
Education in Henderson
17.1% of adults 25 and older in Henderson have a bachelor's degree or higher (Michigan: 32.4%), and 2.7% have a graduate or professional degree.
Jobs and commute in Henderson
- Unemployment rate
- 5%State: 5.7%
- Average commute
- 33 minState: 24 min
- Work from home
- 7.6%
- Drive alone
- 81.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 86.6%
Henderson vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Henderson | 320 | $73,750 | $173,100 | $1,031 |
| Oakley | 257 | $53,750 | $84,000 | $907 |
| Owosso | 14,632 | $54,229 | $132,600 | $784 |
| Middletown | 799 | $46,250 | $90,700 | $869 |
| Chesaning | 2,484 | $59,777 | $136,700 | $679 |
| Corunna | 3,037 | $46,141 | $151,000 | $932 |
| Elsie | 1,000 | $59,318 | $114,000 | $700 |
| Ovid | 1,370 | $50,145 | $110,600 | $849 |
| New Lothrop | 733 | $72,344 | $205,700 | $765 |
More for people moving to Henderson
Henderson ZIP code ›Weather and climate ›Living in Henderson: FAQ
What is the median household income in Henderson, MI?
The median household income in Henderson is $73,750, about the same as the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Henderson?
The median home value in Henderson is $173,100, compared with $231,600 in Michigan.
How much is rent in Henderson?
The median gross rent in Henderson is $1,031 per month, about 16.1% of household income.
Is Henderson, MI a good place to live?
Pluses: median household income about the same as the Michigan median; home values 25% lower than the state median; unemployment of 5%; a poverty rate of 11.6%. Minuses: an average commute of 33 minutes.
What is the median age in Henderson?
The median age in Henderson is 55.6 years (Michigan: 40.2).
How long is the commute in Henderson?
The average commute to work in Henderson is 33 minutes; 7.6% of workers work from home.
What is the unemployment rate in Henderson?
The unemployment rate in Henderson is 5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Henderson?
17.1% of adults in Henderson have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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