Cost of living in Ashland 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 Ashland is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, 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 Ashland is 105, with 100 being the average.
The cost of living index in Ashland is 1.1x higher than the national average.
Ashland ranks as the #51 cheapest in Virginia out of 190.
Ashland ranks as the #3,177 cheapest out of 6,489 in the US.
The median home value in Ashland is $448,590.
The median income in Ashland is $65,000.
According to the most recent data on the cost of living, Ashland has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Virginia, Ashland has a cost of living index that's 1.0x lower than Virginia's index of 110.
The standard of living in Ashland ranks as #51 most affordable out of the 190 places we measured in Virginia. By definition, that implies Ashland ranks as the #139 most expensive place in the Old Dominion.
For more reading on life in Ashland, check out:
Six factors go into calculating the cost of living index in Ashland. Here is how it fairs on each of the criteria:
The Services index in Ashland is 102.
The Groceries index in Ashland is 99.
The Health index in Ashland is 96.
The Housing index in Ashland is 108.
The Transportation index in Ashland is 101.
The Utilities index in Ashland is 105.
| Living Expense | Ashland | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 105 | 110 | 100 | |
| Services | 102 | 101 | 100 | |
| Groceries | 99 | 99 | 100 | |
| Health | 96 | 98 | 100 | |
| Housing | 108 | 130 | 100 | |
| Transportation | 101 | 94 | 100 | |
| Utilities | 105 | 104 | 100 | |
Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Ashland is $448,590.
The Median Rent in Ashland is $1,154.
The Median Income in Ashland is $65,000.
The Home Value To Income in Ashland is 6.9x.
The Rent To Monthly Income in Ashland is 0.21x.
The cost of living varies in the cities and towns around Ashland. Here's a quick look at the cost of living in the most populous nearby places:
Franklin, TN has a cost of living index of 130, 1.2x Ashland.
Hendersonville, TN has a cost of living index of 109, 1.0x Ashland.
Smyrna, TN has a cost of living index of 103, 1.0x Ashland.
| City | Population | Cost Of Living | Vs. Ashland |
|---|---|---|---|
| Franklin, TN | 85,575 | 130 | 1.2x |
| Hendersonville, TN | 62,390 | 109 | 1.0x |
| Smyrna, TN | 55,066 | 103 | 1.0x |
| Spring Hill, TN | 53,585 | 115 | 1.1x |
| Brentwood, TN | 45,272 | 162 | 1.5x |
| Mount Juliet, TN | 40,828 | 114 | 1.1x |
| Nolensville, TN | 14,545 | 146 | 1.4x |
| White House, TN | 13,875 | 101 | 1.0x |
| Greenbrier, TN | 6,960 | 101 | 1.0x |
| Green Hill, TN | 6,617 | 111 | 1.1x |