Cost of Living in Asheville, NC
Housing
The housing market plays a significant role in determining the cost of living in Asheville, NC.
- Housing Index: 120.5 / 100
- Median Home Price is: $432,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
In Asheville, NC, the housing index of 120.5 indicates that the market is relatively competitive. With a median home price of 432000, buyers may find it challenging, particularly compared to the average rent of 1800 for a 2-bedroom apartment or 1840 for a house. This suggests it might be beneficial to lease rather than purchase depending on individual financial circumstances. Overall, buyers should weigh their options carefully, considering long-term investments in a growing market that may offer equity potential in the future.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Asheville, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Asheville, NC could entail higher utility costs. Electricity costs sit at $13.72, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Asheville is a financially viable option for your relocation.