Economy in Asheville, NC

Asheville, NC is a growing city with many local amenities and businesses. In terms of housing costs, the average two-bedroom rental in Asheville is $1,740 compared to $1,430 in the US. The city has an elevated grocery cost index of 103 versus 100 in the US. Some well known companies located in Asheville are Ingles Markets, Biltmore Industries, and Mission Health Care System. The cost of living is higher than most cities due to its popularity as a tourist destination. Despite this rise in prices for essentials like groceries and rent, Asheville remains a great place to live with its unique culture and many opportunities for work and leisure activities.

Asheville has an unemployment rate of 4.5%. The US average is 6.0%.

Asheville has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 39.8%, which is higher than the US average of 33.5%.

Tax Rates for Asheville
- The Sales Tax Rate for Asheville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Asheville is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Asheville
- The average income of a Asheville resident is $28,106 a year. The US average is $28,555 a year.
- The Median household income of a Asheville resident is $58,193 a year. The US average is $69,021 a year.