Cost of living is the amount of money needed to maintain a certain lifestyle in a given place. Calculating the cost of living will help to determine how much more or less you need to earn and factor in the expenses when deciding if this location is the place for you. Expenses that go into determining the cost of living include housing prices, entertainment costs, transportation expenses, food prices, and taxes. Numbers are calculated based upon the US average which is used as 100. Anything listed as below is cheaper than the US average and numbers above are more expensive.
If you’re considering a move to Asheville, North Carolina, the cost of living is on par with the national average, with some aspects below and some above.
COST OF HOUSING
Housing in Asheville, NC is on the rise as it becomes a popular destination for people to move to. The median home price in Asheville is $248,500, slightly above the US average of $246,334. Rent in Asheville is slightly lower than the US average at $996.78 compared to $1,023 national average.
OTHER COST OF LIVING FACTORS
While the cost of housing is the largest factor in the overall cost of living in the Asheville, North Carolina area, there are other factors you should consider. Below we have broken out the additional cost of living factors.
According to the Census Bureau, the median household income in Asheville, NC is $47,803, below the median household income in the US of $61,937.
Cost of Utilities
The cost of utilities in the Asheville is less than the national average with an average utility bill of around $156.76, the rest of the US has a monthly average of $166 per month.
Cost of Transportation
Gas prices per gallon in Asheville is on average $2.48, significantly lower than the national average of $2.60.
Cost of Food
The cost of food in Asheville is below the national average for some foods, while some can be above the national average.
Cost of Healthcare
Healthcare costs in Asheville are slightly below the cost of the national average.