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WHAT IS THE REAL COST OF LIVING IN HENDERSON, NEVADA?

Henderson is a booming city located in Southern Nevada, 16 miles outside of Las
Vegas. With a population of over 300,000, it is the second-largest city in
Nevada. The area is known for warm weather year-round, abundant amenities, and a
lower cost of living than Las Vegas.


But what exactly is the cost of living in Handerson? Here the real estate
professionals at the Jarnagin Group will explore housing, food, transit, and
average salary to determine the real cost of living in Henderson, NV.
 


HOME PURCHASE PRICE

Housing will be your biggest expense almost anywhere you live, and the median
home price in Henderson as of May 2023 is $465,115. While Nevada currently has
the 12th most expensive median home price in the U.S., it ranks as one of the
lowest on the West Coast (lower than California, Oregon, Washington, Idaho,
Arizona, Utah, New Mexico, and Colorado).


However, housing prices vary in Henderson. A wide range of housing options are
available, from affordable apartments to luxurious homes. While housing in
Henderson may have a higher price tag than the national average, it offers a
range of options to suit various budgets.


The Jarnagin Group are experts on neighborhoods in Henderson, including Lake Las
Vegas and Green Valley Ranch. The Lake Las Vegas neighborhood is situated around
a 320-acre reservoir that offers resort-style living with a mix of
Tuscan-inspired villas and elegant, contemporary homes. It’s home to a marina
with shops and restaurants, and the community enjoys an active lifestyle with
its extensive trail system, fitness center, and a variety of watersports.


Green Valley Ranch is a highly sought-after master-planned community in
Henderson with an array of single-family homes, townhomes, condominiums, and
apartments. There are plans for a 310-acre resort and 775 acres for residential
communities. The area has two rail stops, and residents can enjoy a quiet
suburban lifestyle.
 


UTILITIES COST

For prospective movers, your monthly utility costs will heavily depend on your
lifestyle, home size, number of people in the house, and overall usage. On
average, Henderson’s utility costs are $189 per month. This is about 3% higher
than the national average. It breaks down to about $.17 per kilowatt-hour.


Nevada also offers rebates and incentives to install solar panels on your home.
Through these programs, you can receive credit for 75% of the retail rate for
their excess solar energy, and because of Henderson’s year-round sunshine, it
can be a lucrative area for solar panels.
 


FOOD COST

Food costs can also vary depending on your lifestyle, which can be misleading to
the real cost of living in Henderson. According to Payscale, Henderson’s
groceries are 3% higher than the national average. This is based on everyday
groceries like milk, eggs, bread, etc.


Moreover, Numbeo does a thorough breakdown of the food costs in Henderson.
You’ll be looking at around $41 for a mid-range restaurant meal for two, $6 for
a pint of domestic beer, and $4.20 for a cappuccino. Overall, the food cost in
Henderson is reasonable compared to the rest of the U.S.
 


TRANSIT COST

The main form of transportation in Henderson is by car. The residential and
suburban areas offer walkable districts, but most of the infrastructure is car
based. The average price for a gallon of gas in Nevada is $4.20, compared to the
national average of $3.50, but there are gas stations in Henderson with gas as
low as $3.67 per gallon.


If you don’t have a car, Henderson and the Las Vegas area have extensive bus
routes from the Strip through most residential areas. The prices are reduced for
residents, and you can choose from single rides, day passes, and monthly passes.
The cost of a 30-day pass comes out to $65 for residents. There are also senior
and student discounts to make it more affordable.


Las Vegas also boasts one of the biggest airports in the country. The Harry Reid
Airport is centrally located between Las Vegas and Henderson, with daily flights
nationwide. You can regularly find cheap flights to Los Angeles, San Francisco,
Reno, and more.
 


AVERAGE SALARY

With proximity to the hub of Las Vegas and a growing economy, Henderson offers a
diverse job market for seasoned professionals and young workers. Healthcare,
technology, and education are some of the most popular industries in Henderson.
Nevada also has zero state income tax, making your salary go further.


Healthcare professionals, such as doctors, nurses, and technicians, can expect
higher salaries due to the demand for quality healthcare services in the region.
Similarly, positions in the education sector, such as teachers and
administrators, often offer competitive pay. The technology sector also provides
well-paying opportunities, especially in areas like software development and IT
services.


Using the Bureau of Labor Statistics data for the Las Vegas-Henderson-Paradise
Metropolitan Area, the annual mean wage for the area is $54,410. However, the
2020 census has Henderson’s median household income at $75,430. Some of the most
lucrative salaries are chief executives, personal financial advisors, nurse
practitioners, and physicians.
 


READY TO FIND YOUR NEXT HOME?

Finding the real cost of living in Henderson, Nevada, will vary from person to
person. In general, Henderson presents an appealing option for individuals and
families seeking a lower cost of living than other West Coast cities, such as
Las Vegas, Los Angeles, and San Francisco. While housing prices in Henderson can
be higher than the national average, a range of affordable options are
available, catering to various budgets.


Henderson remains an attractive choice for individuals and families seeking a
balance between affordability and quality of life. If you’re ready to start
looking at homes for sale in Henderson, contact The Jarnagin Group today to get
started. They have a team of highly-experienced agents ready to answer your
questions.
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READ MORE ARTICLES

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WORK WITH US


THE JARNAGIN & THE KOHLER GROUP

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With a combined experience of over 35 years, Rex Jarnagin and Kari Kohler stand
as leaders in the real estate market, specializing in Chicago, Denver and Las
Vegas. Recognized among the top 1% of agents nationwide, our success is driven
by an unparalleled work ethic, intuitive nature, and seamless teamwork. Clients
trust our expertise, resulting in tailored solutions and a remarkable sales
volume exceeding $700 million. In this competitive market, experience matters,
and we invite you to let our proven track record work for you.

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THE ART OF THE SALE

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CHICAGO OFFICE

Coldwell Banker Global Luxury Realty
50 S 1st St #400

St Charles IL 60174
(630) 587-4700

DENVER OFFICE

Coldwell Banker Global Luxury Realty
6501 E Belleview Ave #500

Englewood CO 80111
(720) 515-1738

LAS VEGAS OFFICE

Keller Williams Realty The Marketplace
10000 W Charleston Blvd #130

Las Vegas NV 89135
(702) 900-4620

 

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THE JARNAGIN GROUP & THE KOHLER GROUP

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