Cost of Living in Martinsburg, WV
Housing
The housing market plays a significant role in determining the cost of living in Martinsburg, WV.
- Housing Index: 85.0 / 100
- Median Home Price is: $249,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
Considering a move to Martinsburg, WV? With a housing index of 85.0, it suggests a relatively balanced housing market. The median home price of 249000 offers an attainable option for first-time buyers compared to national averages. Renting is also budget-friendly; the average rent for a 2-bedroom apartment is 1200, while a 2-bedroom house costs around 1360. Also, remember that Martinsburg has seen growth in job opportunities, impacting both rental market dynamics and home values positively. Carefully assess your needs to make an informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Martinsburg, 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.): $200 per month
Living in Martinsburg, 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 $200 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 Martinsburg is a financially viable option for your relocation.