Cost of Living in Alderson, WV
Housing
The housing market plays a significant role in determining the cost of living in Alderson, WV.
- Housing Index: 90.0 / 100
- Median Home Price is: $105,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1200 per month
In Alderson, WV, with a housing index of 90.0, home affordability seems favorable, as the median home price is a reasonable 105000. Interestingly, rents for both a 2BR apartment and house are equal at 1200, potentially attracting families or individuals looking for a more spacious living option. It's essential to also consider movement trends; if the housing market grows, you could see appreciation in property values down the line. Overall, Alderson presents a balanced opportunity for homebuyers and renters alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Alderson, WV.
- Electricity Price: $15.48 USD (median by state)
- Natural Gas Price: $23.05 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $150 per month
Living in Alderson, WV could entail higher utility costs. Electricity costs sit at $15.48, while natural gas is priced at $23.05 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $150 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Alderson is a financially viable option for your relocation.