States › North Carolina › Asheboro

Is Asheboro, NC expensive to live in?

OKRent takes 26 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,08238% lower than U.S. average
💵 Families earn per year (2026)$50,902about $4,242/month · 42% lower than U.S. average
🔑 House price$188,10043% lower than U.S. average

Rent is lower than in 83% of U.S. cities. A typical house costs about 3.7 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $43,280 a year. That is $21 an hour at a full-time job.

Is rent cheaper than other North Carolina cities?

Yes. Rent here is cheaper than in most of North Carolina. It is number 36 of 164 cities from cheapest to most expensive.

Asheboro
$1,082
Mint Hill
$1,464
Kernersville
$1,526
Thomasville
$1,085
Clayton
$1,879
Leland
$1,968
Statesville
$1,291

How much do households earn in Asheboro?

Under $25k
22.8%
$25k–50k
32.6%
$50k–100k
29.5%
$100k–150k
6.0%
$150k+
4.2%

Share of households by yearly income. 10.2% of households earn $100,000 or more.

Rent by apartment size in Asheboro

SizeAsheboroU.S. average
Studio$880$1,338
1 bedroom$760$1,324
2 bedrooms$939$1,509
3 bedrooms$1,349$1,698
4 bedrooms$1,738$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Asheboro overall?

Everyday prices in North Carolina overall are 6% below the U.S. average (index 94.3, U.S. = 100).

Housing
81
Goods (food, clothes…)
97
Utilities
89
Other services
98
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Asheboro, so the North Carolina figure is shown.

Taxes and bills in Asheboro

🏛️ Property tax$1,829a year · 0.97% of home value · U.S. $3,119
⚡ Electric bill$136a month (typical) · U.S. $156

Life in Asheboro

Commute to work22.3 minU.S.: 26.4 min
College degree19.1%U.S.: 35.7%
Own their home45.5%U.S.: 65.2%
Below poverty line19.7%U.S.: 12.5%
Unemployment4%U.S.: 5.2%

Is it cheaper to rent or buy in Asheboro?

Renting is cheaper right now: about $223 a month less.

Renting
$1,082
Owning
$1,305

Owning assumes a typical $188,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,810 for the down payment.

Frequently asked questions

What is the average rent in Asheboro, NC?

Renting in Asheboro costs a median of about $1,082 a month in 2026, including utilities. The North Carolina median is $1,496.

How much do I need to make to live in Asheboro?

To keep rent under 30% of income, you need about $43,280 a year, or $21 an hour at a full-time job.

Is Asheboro cheap or expensive?

Asheboro is rated OK: rent takes 25.5% of the typical household income of $50,902. It ranks 36th cheapest of 164 North Carolina cities we track.

How much are property taxes in Asheboro?

The median homeowner in Asheboro pays $1,829 a year in property taxes, about 0.97% of the median home value.

Is Asheboro more expensive than the national average?

Overall prices in North Carolina are 6% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Asheboro?

The median home value in Asheboro is $188,100, about 3.7 times the typical yearly household income.

27,580 people live in Asheboro. Numbers are typical (middle) values.