Randolph County · North Carolina · South · 28k residents
Asheboro, NC: economy, jobs & business costs
The site-selection read on Asheboro: labor costs, talent, corporate tax, energy, and business activity, with the North Carolina median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,024/wk. North Carolina's corporate income tax rate is 2.25%. Commercial electricity averages 10.6¢/kWh.
Compare Asheboro side by side
Avg. weekly wage
$1,024/wk
Corporate income tax
2.25%
Bachelor's degree or higher
19.1%
Commercial electricity
10.6¢/kWh
Economic momentum
How fast Asheboro's economy is moving, ranked against the US cities we track.
88/100
Heating
Ranks Asheboro's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $188,100 |
| Price per sq. ft. | $190 |
| Property tax rate | 0.82% |
| 1-bedroom rent | $722/mo |
| 2-bedroom rent | $892/mo |
| State & local income tax | 3.15% |
| Sales tax | 7% |
| Corporate income tax | 2.25% |
| Avg. weekly wage | $1,024/wk |
| Bachelor's degree or higher | 19.1% |
| Commercial electricity | 10.6¢/kWh |
| Businesses per 1k residents | 21.7/1k |
| Wage: Software developer | $125,190 |
| Wage: Registered nurse | $82,860 |
| Wage: General manager | $100,930 |
| Wage: Customer service | $41,240 |
| Wage: Warehouse worker | $35,840 |
| Wage: Heavy truck driver | $58,480 |
| Wage: Electrician | $58,380 |
| Wage: Retail salesperson | $30,750 |
| Cost of living index | 81 |
| Groceries index | 98 |
| Utilities | $155/mo |
| Transit pass | $55/mo |
| Gas price | $3.05/gal |
| Healthcare index | 100 |
| Childcare (per child) | $1,050/mo |
| Median household income | $47,197 |
| Unemployment rate | 3.8% |
| Population | 28k |
| Crime index | 48/100 |
| School rating | 6.0/10 |
| Walkability | 30/100 |
| Disaster risk | 81/100 |
| Avg. commute | 25 min |
| Sunny days / year | 213 days |
| July high | 88°F |
| January low | 29°F |
| Annual snowfall | — |
| Home price YoY | +2.6% |
| Home price MoM | 0.0% |
| Rent YoY | +4.9% |
| Rent MoM | +0.3% |
| Employment (jobs) YoY | +3.1% |
| Building permits YoY | +45.2% |
| Ocean coast | 148 mi |
| Big lake | 65 mi |
| Mountains | 115 mi |
| Major airport | 29 mi |
| Ski resort | 119 mi |
Popular comparisons
Nearby
- Thomasville, NC · 27k
- High Point, NC · 116k
- Greensboro, NC · 301k
- Lexington, NC · 20k
- Albemarle, NC · 17k
Similar size
- Mint Hill, NC · 28k
- Kernersville, NC · 28k
- Clayton, NC · 29k
- Leland, NC · 30k
- Statesville, NC · 30k
Real listings in Asheboro
LoopNet ↗Crexi ↗CommercialCafe ↗
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- Is Asheboro a good place to run a business?
- North Carolina's corporate income tax rate is 2.25%; average weekly wages in the surrounding labor market run $1,024/wk; commercial electricity averages 10.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Asheboro, NC?
- Asheboro indexes at 81 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $892/mo and a acs median home value of $188,100.
- How much does a house cost in Asheboro?
- The acs median home value in Asheboro is $188,100 (Census ACS estimate; individual listings vary).
- How much is rent in Asheboro?
- A two-bedroom in Asheboro rents for about $892/mo.