AVLtoday City Guide Live

The cost of living in Asheville

How much does it cost to live in Asheville compared to other cities and the US national average? Let’s crunch some numbers.

Asheville NC skyline

Asheville’s beauty comes at a price — expensive rent and other higher-than-average living costs.

Photo via @justintclark

Table of Contents

With the 828 constantly growing and undertaking new developments, let’s discuss the cost of planting some roots in the Land of Sky.

The median household income in Asheville is $63,810, according to the US Census Bureau. State-wise, North Carolina is No. 40 in the country for median income at ~$61,972 per household.

Cost of Living Asheville 2024

The overall cost of living in Asheville is higher than the national average.

Screenshot via bestplaces.net

The overall cost of living in Asheville is ~6% higher than the national average, and ~15% higher than the rest of the state.

In Asheville, the cost of healthcare is higher compared to other parts of the state + the US. And the cost of groceries, housing, and other miscellaneous expenses in the city have higher average costs than other cities in the Tar Heel State and in the country overall.

Breaking down the numbers

Hypothetically speaking, if you live in a household that brings in $60,000 annually, your max monthly budget for rent and utilities would be about $1,500 (30% of your monthly gross income). The average monthly rent for an apartment in Asheville is $1,711 — putting you significantly over budget.

Meanwhile, if you’re wondering how much you can currently afford to spend on buying a home in Asheville, try using SmartAsset’s cost calculator. Factors like your marital status, annual pretax income, down payment, and monthly debt, will help determine that figure. According to BestPlaces, the median home cost in Asheville is $428,500.

While we’re crunching numbers, let’s also take a look at the chart below to see how Asheville’s cost of living compares to that of Charlotte’s.

cost of living comparison CLT.png

Asheville has less affordable healthcare than Charlotte.

Screenshot from bestplaces.net

Interested in seeing Asheville’s cost of living compared with cities in other states? We played around on NerdWallet’s cost of living calculator, where you can put in any city along with your current pretax household income to find out what other cities you could afford to live in.

We took a look at the cost of living in Asheville compared with Asheville. Here’s what we found:

  • The cost of living is 2% lower in Charlotte.
  • To maintain our standard of living, we would need to bring in $62,640 to our Charlotte household.
  • The median cost for a two-bedroom apartment is $1,438, which is $5 less than Asheville — however, a median home price is ~$55,000 less in Charlotte.

Local housing + developments

Asheville does have organizations such as the Mountain Housing Opportunities, Thrive Asheville + other government-funded programs that are working to help develop more affordable housing units.

There are also a number of entities working on apartments seemingly all the time — from turning county-owned property on Coxe Avenue into affordable housing to a 234-unit complex coming closer to fruition in the RAD.

Check out our other Guides
Tell us you’re from Asheville without telling us you’re from Asheville.
Prepare for summer weather in Asheville, NC with these seasonal temperature and precipitation outlooks.
These vegan and vegetarian meals are what dreams are made of.
From fiction and nature guides to young adults and memoir, these are the books you have to read — or weep.
How well do you know Asheville? We’re bringing you some fun facts about the city and its history. If you’re a trivia master (or local enthusiast), give this a try.
Here is our ultimate list of 30 trivia nights to bookmark + send to your squad.
Pack your reusable shopping bags, because we’ve rounded up eight farmers markets around Asheville.
From pizza and sandwiches to seitan shawarma.
Banner Ad Example
Good news for Asheville.
Get the best local news & events sent to your inbox each morning, for free.