Asheboro, NC Cost Of Living
Cost Of Living In Asheboro, NC Summary
Cost of living in Asheboro research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Asheboro is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in North Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Asheboro is 83, with 100 being the average.
The cost of living index in Asheboro is 0.8x lower than the national average.
Asheboro ranks as the #4 cheapest in North Carolina out of 153.
Asheboro ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Asheboro is $124,100.
The median income in Asheboro is $40,571.
Table Of Contents
Asheboro's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Asheboro, NC?
According to the most recent data on the cost of living, Asheboro has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to North Carolina, Asheboro has a cost of living index that's 0.9x lower than North Carolina's index of 95.
The standard of living in Asheboro ranks as #4 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Asheboro ranks as the #149 most expensive place in the Tar Heel State.
For more reading on life in Asheboro, check out:
- Living In Asheboro
- Asheboro Crime Report
- Search Homes For Sale In Asheboro, NC
In North Carolina
In America
Asheboro Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Asheboro. Here is how it fairs on each of the criteria:
The Services index in Asheboro is 100.
The Groceries index in Asheboro is 99.
The Health index in Asheboro is 118.
The Housing index in Asheboro is 61.
The Transportation index in Asheboro is 76.
The Utilities index in Asheboro is 94.
| Living Expense | Asheboro | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 83 | 95 | 100 | |
| Services | 100 | 97 | 100 | |
| Groceries | 99 | 98 | 100 | |
| Health | 118 | 108 | 100 | |
| Housing | 61 | 91 | 100 | |
| Transportation | 76 | 92 | 100 | |
| Utilities | 94 | 95 | 100 | |
Asheboro, NC Housing Cost Breakdown
Housing swings affordability the most between places in North Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Asheboro is $124,100.
The Median Rent in Asheboro is $728.
The Median Income in Asheboro is $40,571.
The Home Value To Income in Asheboro is 3.1x.
The Rent To Monthly Income in Asheboro is 0.22x.
| Statistic | Asheboro | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $124,100 | $197,500 | $244,900 |
| Median Rent | $728 | $988 | $1,163 |
| Median Income | $40,571 | $60,516 | $69,021 |
| Home Value To Income | 3.1x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Asheboro, NC Costs By Category
Detailed Asheboro Services Costs Vs. North Carolina
| Item | Asheboro | North Carolina |
|---|---|---|
| Shampoo | $1.07 | $1.06 |
| Movie | $6.0 | $10.68 |
| Bowling | $24.0 | $14.67 |
| Haircut | $11.86 | $18.62 |
| Beauty Salon | $29.33 | $39.05 |
Detailed Asheboro Groceries Costs Vs. North Carolina
| Item | Asheboro | North Carolina |
|---|---|---|
| Ground Beef | $3.87 | $4.22 |
| Fried Chicken | $1.12 | $1.39 |
| Milk | $1.74 | $2.05 |
| Potatoes | $3.76 | $3.29 |
| Pizza | $11.32 | $10.62 |
| Beer | $10.41 | $9.38 |
| Toothpaste | $1.89 | $2.34 |
Detailed Asheboro Health Costs Vs. North Carolina
| Item | Asheboro | North Carolina |
|---|---|---|
| Optometrist | $145.56 | $108.57 |
| Doctor | $168.89 | $116.17 |
| Dentist | $115.83 | $99.13 |
Detailed Asheboro Transportation Costs Vs. North Carolina
| Item | Asheboro | North Carolina |
|---|---|---|
| Gasoline | $2.11 | $2.22 |
| Tire Balancing | $15.62 | $50.07 |
Detailed Asheboro Utilities Costs Vs. North Carolina
| Item | Asheboro | North Carolina |
|---|---|---|
| All Electricity | $158.18 | $167.67 |
| Phone | $179.92 | $175.64 |
Asheboro SnackAbility
/10
Cost Of Living In Cities Around Asheboro
The cost of living varies in the cities and towns around Asheboro. Here's a quick look at the cost of living in the most populous nearby places:
Chapel Hill, NC has a cost of living index of 118, 1.4x Asheboro.
Carrboro, NC has a cost of living index of 111, 1.3x Asheboro.
Clemmons, NC has a cost of living index of 101, 1.2x Asheboro.
| City | Population | Cost Of Living | Vs. Asheboro |
|---|---|---|---|
| Chapel Hill, NC | 60,920 | 118 | 1.4x |
| Carrboro, NC | 21,237 | 111 | 1.3x |
| Clemmons, NC | 21,032 | 101 | 1.2x |
| Pinehurst, NC | 17,250 | 110 | 1.3x |
| Lewisville, NC | 13,413 | 97 | 1.2x |
| Archdale, NC | 12,117 | 89 | 1.1x |
| Summerfield, NC | 11,026 | 118 | 1.4x |
| Hillsborough, NC | 9,342 | 95 | 1.1x |
| Oak Ridge, NC | 7,461 | 117 | 1.4x |
| King, NC | 7,258 | 91 | 1.1x |
