Cost of Living in Beckley, WV

Housing

The housing market plays a significant role in determining the cost of living in Beckley, WV.

• Housing Index: 75.0 / 100
• Median Home Price is: $155000
• Average Rent (2 BR Apartment): $800 per month
• Average Rent (2 BR House): $800 per month

Considering a move to Beckley, WV? The housing index is at a reasonable 75.0, indicating a stable market. With a median home price of 155000, purchasing a home could be an appealing option for budget-conscious buyers. Renters will find consistency in costs, as both the average rent for a 2-bedroom apartment and a house is only 800. This area is likely a great spot for those seeking affordability and charm within their living space, which affects both living standards and long-term financial planning.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Beckley, 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.): $180 per month

Living in Beckley, 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 180 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 85.4

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $41277

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Beckley, WV, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.