Housing costs in Asheboro?
A typical home costs
$199,600, which is 41.0% less expensive than the national average of
$338,100 and 31.0% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Asheboro costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 24.7% cheaper than the state average of
$1,110.
Can I afford Asheboro?
To live comfortably in Asheboro, North Carolina, a minimum annual income of
$38,160 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Asheboro?
The cost of living in Asheboro, NC is relatively low compared to other cities in the United States. Housing costs are particularly affordable, with the median home value being around $165,000 and rent for a one-bedroom apartment averaging just over $600 per month. Utilities are also more affordable than the national average, and groceries remain a bargain. The overall cost of living index for the city is slightly above the national average but remains lower than many other large cities across the country. Consequently, Asheboro provides an attractive option for people looking to move into a new city at an affordable rate.