Cost of Living in Henry, NE

With a cost of living index of 75, Henry, NE is one of the most affordable cities in the country. Living here is 25% cheaper than the national average and in line with the Nebraska state average. Henry is a small community of 77 residents.

Housing costs are the biggest factor in Henry's cost of living. The median monthly rent is $1,125 (15% below the US median of $1,319), and the median home value sits at $104,200 (66% below the national median of $304,900). At current prices, the median home costs roughly 1.4x the median household income — well within traditional affordability guidelines.

The median household income in Henry is $75,833, which is 1% higher than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Henry. The area sees an average annual temperature of 49.1°F, with summers averaging 71°F and winters around 29°F. Annual rainfall totals 12.8 inches spread over roughly 81 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.