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: $432000
• 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: $None USD per Thousand Cubic Feet (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 None 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 115.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $63810

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Asheville, NC, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.