Cost of living in Fletcher research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Fletcher is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in North Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Fletcher is 104, with 100 being the average.
The cost of living index in Fletcher is 1.0x higher than the national average.
Fletcher ranks as the #115 cheapest in North Carolina out of 153.
Fletcher ranks as the #3,585 cheapest out of 6,412 in the US.
The median home value in Fletcher is $248,500.
The median income in Fletcher is $64,478.
According to the most recent data on the cost of living, Fletcher has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to North Carolina, Fletcher has a cost of living index that's 1.1x higher than North Carolina's index of 95.
The standard of living in Fletcher ranks as #115 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Fletcher ranks as the #38 most expensive place in the Tar Heel State.
For more reading on life in Fletcher, check out:
Six factors go into calculating the cost of living index in Fletcher. Here is how it fairs on each of the criteria:
The Services index in Fletcher is 98.
The Groceries index in Fletcher is 100.
The Health index in Fletcher is 116.
The Housing index in Fletcher is 108.
The Transportation index in Fletcher is 102.
The Utilities index in Fletcher is 107.
|Living Expense||Fletcher||North Carolina||National Average|
Housing swings affordability the most between places in North Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Fletcher is $248,500.
The Median Rent in Fletcher is $1,129.
The Median Income in Fletcher is $64,478.
The Home Value To Income in Fletcher is 3.9x.
The Rent To Monthly Income in Fletcher is 0.21x.
|Statistic||Fletcher||North Carolina||United States|
|Median Home Value||$248,500||$197,500||$244,900|
|Home Value To Income||3.9x||3.3x||3.5x|
|Rent To Monthly Income||0.21x||0.2x||0.2x|
The cost of living varies in the cities and towns around Fletcher. Here's a quick look at the cost of living in the most populous nearby places:
Asheville, NC has a cost of living index of 106, 1.0x Fletcher.
Hendersonville, NC has a cost of living index of 98, 0.9x Fletcher.
Black Mountain, NC has a cost of living index of 101, 1.0x Fletcher.