Cost of Living in Asheboro, NC
Population 27,353 · North Carolina · Data vintage 2023
(100 = US avg)
The Asheboro cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $163,000, rents near $855 a month. Around 20% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.
Located 20 miles southeast of High Point, Asheboro falls within that metro's commuting orbit. Median home values run roughly 23% lower than High Point's $212,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Asheboro
The median home value in Asheboro is $162,800 — 47% below the national median of $305,000. Median rent runs $855/month, 35% lower than the national median of $1,314/month. The median household income of $48,628/year is 35% lower than the US median of $74,580. The local unemployment rate is 4.5%, below the national average of 4.8%. North Carolina's top state income tax rate is 4.5% and the combined sales tax is 7.0%. The climate averages highs of 69.8°F and lows of 49.4°F, with about 7.1" of annual snowfall. Overall, Asheboro has a cost of living index of 58 versus the US average of 100, meaning it is 42% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 49 | 53 | 61 | 71 | 78 | 85 | 89 | 87 | 80 | 71 | 61 | 52 |
| Low °F | 30 | 33 | 39 | 48 | 57 | 65 | 69 | 68 | 62 | 49 | 39 | 33 |
| Precip" | 3.39 | 2.81 | 3.72 | 3.78 | 3.49 | 4.09 | 4.18 | 4.36 | 4.59 | 3.10 | 3.27 | 3.17 |
| Snow" | 2.9 | 2.0 | 0.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 1.2 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Asheboro, NC?
Asheboro has a cost index of 58 (100 = national average). It is 42% below the national average.
What is average rent in Asheboro, NC?
The median gross rent in Asheboro is $855 per month based on 2023 Census data.
What is the average home price in Asheboro?
The median home value in Asheboro is $162,800 according to Zillow and Census data.
What is the median income in Asheboro?
The median household income in Asheboro is $48,628 per year (2023 ACS 5-year estimates).
What is the sales tax in Asheboro, NC?
The combined state and local sales tax rate in Asheboro is 7.0%. The North Carolina state income tax top rate is 4.5%.
Is Asheboro, NC affordable?
Yes, Asheboro is generally considered affordable, with a cost of living index of 58 — about 42% below the US national average of 100.
What is the weather like in Asheboro?
Asheboro has average high temperatures of 69.8°F and average lows of 49.4°F. Annual precipitation is 44". Average annual snowfall is 7.1". Data from NOAA 1991–2020 Climate Normals.
Asheboro at a Glance
- Population
- 27,353
- Median Income
- $48,628
- Home Value
- $162,800
- Median Rent
- $855/mo
- Unemployment
- 4.5%
- Avg High Temp
- 69.8°F
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
North Carolina Rankings
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