What is the True Cost of Living in Henderson Nevada?

Are you considering a move to Henderson, Nevada and want to know the cost of living there? You're in the right place because that's what I'll be talking about today. So Stay Tuned as you are going to be shocked at some of these statistics! Hey everyone, I'm Windy Goss a Real Estate Boss in Henderson, NV and I've been helping people relocate to the Henderson area for almost 20 years now not only am I a Real Estate Agent but also a mom and wife that absolutely love living here in Henderson. I actually created a Living in Henderson guide that I'd love to share with you too -so just comment below and I'll send it right over! Welcome to my YouTube channel, where we talk about all things related to living in and around Henderson, Nevada. If you want more information about anything in this video or anything about Henderson book a call with me – my link is in the description below.

Henderson is conveniently located about 16 miles southeast of Las Vegas, making it an ideal location for those who want to live just outside of the city while still having easy access to its amenities. The top 3 Cost of Living questions people ask me about when moving to Henderson, Nevada are 1. How much are houses and what are the utility costs? 2. How much is transportation? 3. And what about food and grocery expenses? Like how expensive is it to live there? I'll be using a couple of different sites - bestplaces.net and numbeo.com, which are great tools for exploring the cost of living in different areas and you can compare it to other areas as well.

In Henderson, the cost of living index is 118.6, which is 18.6% higher than the national average. Let's take a closer look at the main factors contributing to this index.

1st Question. Housing and Utilities:

Real estate and property taxes are the most significant factors affecting the cost of living index in Henderson. The city's housing index is 48% higher than the national average, largely due to its proximity to Las Vegas. The City of Henderson's property tax rate is $0.74 for every $100 assessed and the city receives 25% of that.

The median home price in Henderson is around $450,000, which is higher than the national average but compared to Las Vegas which is at about $385,000 is not too bad.

We have all kinds of real estate here at all different price points like:

Manufactured homes ranging between $109K-$300K,

Condos ranging from $175K-$1m,

Townhouses ranging from $217K-$2.7m,

Single Family Homes ranging between $235K-$25m,

Multifamily dwellings like duplexes, triplexes, and fourplexes in the $400,000's,

Vacant land ranging from $100k-$12M, and rentals ranging from $800 a month for a studio apartment to $100,000 a month for a 15,000 sqft mansion so you will have lots to choose from if you decide to move here!
  • To check out our current inventory in Henderson and Las Vegas click the link in the description or comment below with what you're looking for a more customized search.

    *Utilities in Henderson are slightly lower than the national average which is awesome, with an index of 95.7. On average, residents can expect to pay around $160-$200 per month for electricity maybe a little higher in the summertime as it gets super hot here, $50-$60 per month for natural gas maybe a little higher in the wintertime because we use gas for heat, $65-$75 a month for water depending on if you have a pool or not "Yes we still have water" our sewer is actually included in our water bill, and then for the garbage, it's about $51 every quarter - and that includes bulk day which is every other week and they pick up almost anything you put out there.

  • HOA which means Home Owners Association - is another expense you will need to consider - we do have lots of homes in NO HOA areas but we also have HOA monthly fees and which go as high as $1700 a month - some have 1 HOA, some have a Master HOA, and some have SID's and LID's so you want to definitely watch for that.

2nd Question. Transportation:

The cost of transportation in Henderson is 15% higher than the national average, primarily due to the area's reliance on cars for commuting as a lot of people that live in Henderson work in Las Vegas. Public transportation options are limited, so most residents drive to work.
  • Gas prices in Henderson are slightly higher than the national average, Henderson's gas prices range from $3.78 per gallon for Costco gas or as high as $6 for diesel at a Chevron.

  • Car insurance costs vary depending on factors such as the type of car, driving record, and age, but on average, residents can expect to pay around $1,300 per year for car insurance - I know when I moved here from Oregon 20 years ago - it was like double of what I paid back home.

  • Registering your vehicle at the DMV is crazy expensive here - obviously also depending on the age and value of your vehicle - my son's older Mustang is like $150 a year, my 2018 Jeep is about $600 a year, and my husband's 2021 Ford is almost $1200! *As far as the price of vehicles here - we are a little high for example I love Jeeps so you can get a 2023 Jeep Wrangler Sahara for like $56K here in Henderson but in other areas of the country you can get the same Jeep for like $50K - also we do have sales tax which I will go over in just a bit. The good news is Henderson has a walk score of 83 out of 100 which means it's very walkable and that most errands can be accomplished on foot. I drive but it is possible to walk.

3rd Question. Food and Grocery Expenses:

The cost of groceries in Henderson is slightly higher than the national average, with an index of 102.7. The average cost of a basic grocery basket in Henderson is around $114, which includes staples such as bread which is about $5 a loaf... healthier options more like $7-$8 a loaf, milk which is $5 a gallon, and eggs which are almost $10 for 18 EGGS like I'm almost ready to start raising chickens. There are numerous grocery stores in the area, ranging from budget-friendly options like Walmart and WinCo to specialty stores like Trader Joe's, Whole Foods, and Sprouts... mixed in with regular grocery stores like Albertsons, Von's, and Smith's. Let's talk about coffee - my Starbucks is almost $6 now for a medium-sized coffee obviously with all the fu-fu stuff but $6 is crazy right?!?! We now have Dutch Brothers here now which is like 1/2 that and their coffee tastes amazing - I mean I think that's a lot but I went to Maui this year and my Starbucks was $12 so yikes for them! Going out to eat is interesting - I'm noticing the bill gets bigger and bigger like I and my dad and husband went to Subway and it was $50 for freakin sandwiches - eating at my favorite place Juan's Flaming Fajitas is now almost $80-$90 (including tip) and we don't even drink anymore could you imagine if we added Margaritas
One more expense that is kind of important to us is that we do have sales tax... not on groceries but on almost everything else. Our sales tax rate is 8.38%, 4.6% goes to Nevada and 3.78% goes to Clark County, 0% goes to The City of Henderson - so it's the same in all of Clark County.
So I hope I didn't scare you away - yes it's a little spendy to live here but O SO worth it - If you're considering a move to Henderson, be sure to factor in these costs and determine whether they align with your budget or not. If you need help finding the perfect home in Henderson, need me to help you sell your Henderson home, or have any questions about the area, don't hesitate to reach out – I'm Windy Goss and I'd love to be your Real Estate Boss - Oh Wait also if you found this video helpful, be sure to hit the subscribe button so you'll be notified when I post new videos. Thanks so much for watching, and I'll see you in the next video! For a free "Living in Henderson, NV" guide guide.livinginhendersonnv.com Book an intro call with me: MeetWithWindy.com Text | call | email me directly @ (702) 334-1669 or [email protected] View all homes for sale in Henderson and Las Vegas Area: WindyGossYourRealEstateBoss.com

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