Asheville cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAshevilleNorth CarolinaNational
Cost of living index10196100
IndexAshevilleNorth CarolinaNational
Goods & Services index99101100
Groceries index102100100
Health care index100104100
Housing index10385100
Transportation index106102100
Utilities index92100100
The above illustration supplies generalized information for the Asheville, NC cost of living index. Compared to other cities in North Carolina and cities across the country, the cost of living index in Asheville, NC is 101, which is 5% higher than the North Carolina average and 1% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Asheville, NC are 2% lower than the average for North Carolina and 1% lower than the rest of the country.

Did you know?

  • The cost of living in Asheville is 5% higher than the North Carolina average.
  • The cost of living in Asheville is 1% higher than the national average.
  • The cost of housing in Asheville is 3% higher than the national average.
  • North Carolina general sales tax is 7% lower than the national average.
  • North Carolina state income tax is 159% higher than the national average.

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Compare Asheville, NC Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Asheville, NC to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Asheville, NC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Asheville, NC salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$56,432$4,703$1,317$1,693
Renters$29,112$2,426$679$873
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Asheville, NC as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Asheville, NC homeowners, is $56,432. This would allow for a maximum of $1,317 per month to be spent on housing costs. For renters, the median monthly income is $29,112 which would result in a maximum of $679 to be spent on rental costs.

North Carolina Sales Tax

StateGeneral Sales TaxWith Max Surtax
North Carolina4.75%7.5%

North Carolina Income Tax

StateIncome Tax (Low)Income Tax (High)
North Carolina5.75%5.75%
The North Carolina sales tax and North Carolina income tax rates should definitely be considered when determining the overall cost of living in Asheville, NC. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The North Carolina sales tax is 4.75% and the maximum surtax is 7.5%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The North Carolina income tax rates range from 5.75% to 5.75%.

Goods & Services

ItemAshevilleNational avg.Difference
Haircut $12.00$14.5917.8%
Beauty Salon $33.33$34.683.9%
Toothpaste $1.87$2.4724.4%
Shampoo $1.02$1.020.2%
Movie $10.58$9.877.2%
Bowling $5.05$4.3915.0%

Groceries

ItemAshevilleNational avg.Difference
Ground Beef $5.02$4.4812.1%
Fried Chicken $1.37$1.466.4%
Milk $2.59$2.369.9%
Potatoes $3.48$3.0613.7%
Pizza $10.99$9.2418.9%
Beer $7.81$8.639.5%

Health Care

ItemAshevilleNational avg.Difference
Optometrist $93.00$99.786.8%
Doctor $111.25$105.035.9%
Dentist $95.00$88.707.1%
Ibuprofen $9.65$9.412.5%
Lipitor $252.26$298.5015.5%

Housing

ItemAshevilleNational avg.Difference
Home Price $195,500.00$181,400.007.8%
Avg. Mortgage Payment $1,132.18$1,081.034.7%
Apartment Rent $811.00$889.008.8%

Transportation

ItemAshevilleNational avg.Difference
Gasoline $2.27$2.098.6%
Tire Balancing $43.98$45.292.9%

Utilities

ItemAshevilleNational avg.Difference
All Electricity$160.51$170.806.0%
Phone $24.98$28.2611.6%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Fruitland, NC2,10086-14%
Marshall, NC1,03988-12%
Swannanoa, NC4,64392-8%
Edneyville, NC2,58194-6%
Woodfin, NC6,04494-6%
Asheville, NC83,7961011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Westland, MI83,77087-13%
Cicero, IL83,7561033%
Clifton, NJ83,92613030%
Bloomington, MN83,6581099%
Alhambra, CA83,51314444%
Asheville, NC83,7961011%
Source: The Asheville, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.