Cost of Living in Buckhannon, WV
Housing
The housing market plays a significant role in determining the cost of living in Buckhannon, WV.
- Housing Index: 85.0 / 100
- Median Home Price is: $155,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1000 per month
In analyzing the housing situation in Buckhannon, WV, we observe a housing index of 85.0, indicating a relatively affordable market. The median home price at 155000 suggests that buying property could be a financially wise decision, especially against the backdrop of relatively low rental prices: 1200 for apartments and 1000 for houses. This makes homeownership more appealing compared to renting, as it could lead to potential equity growth in an evolving market. Additionally, consider local job opportunities and amenities when making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Buckhannon, 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.): $250 per month
Living in Buckhannon, 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 $250 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 Buckhannon is a financially viable option for your relocation.