Side-by-side cost of living comparison for 2026
5% cheaper
Richmond is 5% more affordable than Asheville. A $75,000 salary in Asheville is equivalent to $71,528 in Richmond.
Index values shown. National average = 100. Lower is cheaper.
To maintain the same standard of living:
See exact take-home pay: North Carolina salaries · Virginia salaries
Housing is typically the biggest factor in any cost-of-living comparison. Asheville has a housing index of 120 while Richmond sits at 108 (national average = 100). The median home in Asheville costs $360,000 compared to $300,000 in Richmond, a difference of $60,000. Monthly rent follows a similar pattern: $1,500 in Asheville versus $1,400 in Richmond.
Groceries and everyday expenses show a narrower gap: Asheville scores 103 while Richmond scores 100. Both cities are close to the national average for grocery costs.
Healthcare costs in Asheville (106) are higher than Richmond (100). Both are close to the national average.
Median household income in Asheville is $48,534 compared to $50,120 in Richmond. When adjusted for cost of living, income goes further in Richmond.
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