Simply put, the cost of living is the amount of money necessary to cover an individual’s basic expenses and maintain a certain standard of living in a particular location and time period. This includes housing, food, transportation, healthcare, and miscellaneous expenses.
Information about the cost of living in a specific place is often used to compare the affordability of living in a location and their current place of residence.
If you’re considering moving to the charming city of Hendersonville, TN, knowing the cost of living in this area can help you assess if residing here would be beneficial for you and your family, given your projected income.
Read on to learn everything you need to know about Hendersonville TN, cost of living.
Overall Cost of Living in Hendersonville, TN
A cost-of-living index is particularly helpful if you are considering moving to Hendersonville and you want to see if living in this city would be advantageous for you given your projected income.
This cost-of-living index is based on a national average of 100. For example, if the COL index of housing in a given area is 126, then it is 26% higher than the national average.
Below is a table showing the cost of living in Hendersonville to give you an idea how expensive or affordable this location is relative to the rest of the country.
| Cost of Living | Hendersonville | Tennessee | United States |
|---|---|---|---|
| Overall | 103.3 | 89.9 | 100 |
| Grocery | 102.2 | 95.4 | 100 |
| Health | 98.4 | 100.4 | 100 |
| Housing | 125.9 | 79.4 | 100 |
| Utilities | 98.9 | 96.7 | 100 |
| Transportation | 100.3 | 90.2 | 100 |
| Miscellaneous | 105.4 | 84.7 | 100 |
Housing Costs in Hendersonville
The Hendersonville TN housing market has an average home value of $486,100, which is 35.98% more expensive than the national average of $ 357,469. Homes are 54.17% more expensive compared to the state average of $315,300.
The average rent in Hendersonville Tennessee is between $1,023 and $5,000. The median rent in this city is $2,252, $252 more than the national median.
Utilities and Energy Expenses
The cost of living in Hendersonville TN includes utility expenses, such as energy and telecommunications. In Hendersonville, the average monthly electricity and phone bills cost around $169.05 and $183.79, respectively.
Transportation Expenses
Transportation expenses depend on several factors, with fuel being the most important. A gallon of gas in Hendersonville is priced around $3.05 while getting your tires balanced will cost about $40.89.
Grocery and Food Costs
Food is one of the most important necessities and its cost varies around the country. In Hendersonville, grocery items are just slightly higher than the national average, at an index of 102.2.
The table below shows the average grocery prices in Hendersonville, Tennessee:
| Item | Average Cost |
|---|---|
| Milk (1 gallon) | $4.04 |
| Bread | $3.77 |
| Eggs (regular, 12) | $2.50 |
| Ground Beef | $6.50 |
| Bananas | $0.75 |
| Lettuce | $1.86 |
| Cooking Oil | $7.10 |
| Potatoes | $5.28 |
| Frozen meal | $3.53 |
| Orange juice | $4.50 |
| Coffee | $5.53 |
| Soft drink | $2.88 |
Healthcare Expenses
Healthcare in Hendersonville, TN, is relatively affordable, at an index of 98.4, which means that the overall costs of doctor visits and specialized services such as optometry in this city are lower than the national average.
| Healthcare | Average Cost |
|---|---|
| Optometrist | $104.98 |
| Doctor | $119.52 |
| Dentist | $93.66 |
| Ibuprofen | $10.01 |
Education and Childcare Costs
Hendersonville, TN, is served by the Sumner County Schools.
Some of the top schools in Hendersonville include Hendersonville High School, Merrol Hyde Magnet School, and Pope John Paul II Catholic High School.
Hendersonville High School is a public school that serves grades 9 through 12. The school has an enrollment of about 1,600 students and offers a variety of academic and extracurricular activities for its students.
Merrol Hyde Magnet School, serving grades K through 12, is an excellent public school. It ranks first within the state of Tennessee and 7th in the whole country, boasting a long tradition of academic excellence. It is also reputed for its rigorous curriculum and high-achieving students.
Pope John Paul II Catholic High School is a private Catholic high school founded in 2001. The school is part of the Roman Catholic Diocese of Nashville, serving students in grades 9 through 12. It has an enrollment of approximately 650 students.
Comparison of Hendersonville to the National Average
The overall cost of living in Hendersonville, TN, is 13.4% higher than the state average and 3.3% higher than the national average.
Hendersonville, TN housing is 26% higher than the national average, while utilities are about 1.1% lower. When it comes to basic necessities such as food and groceries, these are slightly more expensive in Hendersonville than in the rest of the country, around 1.1% higher.
Healthcare services such as doctor check-ups cost 1.6% less in this city compared to the U.S. average. Transportation costs, however, are roughly the same as the national average.
Job Market and Salary Expectations
The cost of living also takes the median household income into account. This way, you can estimate how much more or less you could be earning in Hendersonville, TN, by comparing it to the income in your current area.
In Hendersonville, the median household income is $99,372, which is significantly higher than the national median household income of $75,149.
The job market in Hendersonville is better than the national average, with an unemployment rate of 3.9%, while the national average is 5.33%.
The three fields with the highest percentage of employment in Hendersonville are:
- Leisure and Hospitality (52.1%)
- Trade, Transportation, and Utilities (12.4%)
- Other Services (14.9%)
The most common job groups in Hendersonville, TN, are:
- Management Occupations (4,153 people)
- Sales and Related Occupations (4,097 people)
- Office & Administrative Support Occupations (3,998 people)
The major employers in Hendersonville, TN, include:
- Direct Auction Services
- Dynamic Hospitality
- Xtend Healthcare Overview
- PIC (Pig Improvement Company)
Conclusion
Now that you have a better idea what the cost of living in Hendersonville, TN, is, you will be able to compare the affordability of living in this location versus that of your current place of residence.
If you’re considering moving to the charming city of Hendersonville, TN, and have questions about the area and its real estate offerings, feel free to contact me at 615-505-HOME or britton@homeandlake.com.
Frequently Asked Questions
Is Hendersonville’s cost of living higher or lower than the national average?
The overall cost of living in Hendersonville, TN, is 13.4% higher than the national average.
How much does housing typically cost in Hendersonville?
Hendersonville has an average home value of $486,100, which is 35.98% more expensive than the national average of $ 357,469.
Are groceries and dining out affordable in Hendersonville?
In Hendersonville, grocery items are just slightly higher than the national average, at an index of 102.2.
