Henderson, MI
Population 330 · Michigan
About Henderson, MI
Henderson is a small community located in Michigan with a population of 330 residents according to the latest US Census Bureau American Community Survey data. The median household income is $83,571 per year, which is 11% above the national median of $75,149. The median age of 55.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Henderson features a median home value of $212,500, which is 13% below the national median of $244,900. This positions Henderson in a moderately priced market relative to the rest of the country. Median monthly rent is $1,047, 10% below the national average of $1,163/month. Of the 168 total housing units, 84% are owner-occupied (133 units) and 16% are renter-occupied (25 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Henderson shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Henderson have an average one-way commute time of 31.8 minutes.
Education & Demographics
19.2% of Henderson residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.7% White, 2.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Henderson, MI
Compared to national averages, Henderson has a median household income of $83,571 (11% above the national median of $75,149). Home values average $212,500, which is 13% below the national median. Monthly rent at $1,047 is 10% below the US average of $1,163. Within Michigan, Henderson's income is 27% above the state average of $66,017, and home values are 16% above the state median of $183,391.
Why Live in Henderson, MI?
Henderson offers a strong local economy with a median household income of $83,571, well above the national average, and affordable housing with a median home value of $212,500, below the US average of $244,900, and rent that’s lower than the national average at $1,047/month. Additionally, the city features a strong job market with an unemployment rate of just 2.9%, and a low poverty rate of 7.6%, better than the national average.
Henderson has a population of 330 with a median age of 55.4 years. Compare Henderson with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Henderson
Cities in Michigan with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Henderson With Other Cities
Frequently Asked Questions about Henderson
What is the population of Henderson, MI?
The population of Henderson, MI is 330 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Henderson?
The median household income in Henderson, MI is $83,571 per year, which is 11% above the national median of $75,149.
What is the median home value in Henderson?
The median home value in Henderson, MI is $212,500, which is 13% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Henderson?
The median monthly rent in Henderson, MI is $1,047, which is 10% below the national average of $1,163/month.
What is the unemployment rate in Henderson?
The unemployment rate in Henderson, MI is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Henderson, MI a good place to live?
Henderson offers above-average incomes, affordable housing, and a strong job market. With a population of 330 and a median age of 55.4, the city appeals to established professionals and retirees.
How educated is Henderson, MI?
19.2% of residents in Henderson aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Henderson?
Key cost-of-living indicators for Henderson, MI: median home value is $212,500 (13% below national), median rent is $1,047/month, and median household income is $83,571. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Henderson?
The poverty rate in Henderson, MI is 7.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Henderson, MI?
Henderson's population is 2.7% White, 2.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.