Cost Of Living in Bancroft, WV

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Bancroft	West Virginia	National
Cost of living	84	85	100
Goods & Services	95	95	100
Groceries	100	98	100
Health care	101	97	100
Housing	54	62	100
Transportation	94	94	100
Utilities	98	96	100

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Cost Of Living Quick Facts

The cost of living in Bancroft is 2% lower than the West Virginia average
The cost of living in Bancroft is 16% lower than the national average
Bancroft housing is 46% lower than the national average
West Virginia general sales tax is 18% higher than the national average
West Virginia state income tax is 16% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$83,906	$6,992	$1,958	$2,517
Renters	$0	$0	$0	$0

West Virginia Sales Tax

State	General Sales Tax	With Max Surtax
West Virginia	6%	7%

West Virginia Income Tax

State	Income Tax (Low)	Income Tax (High)
West Virginia	3%	6.5%

Goods & Services

Item	Bancroft	National avg.	Difference
Haircut	$18.78	$24.26	22.6%
Beauty Salon	$46.22	$45.56	1.4%
Toothpaste	$3.56	$3.70	3.8%
Shampoo	$1.18	$1.28	8.1%
Movie	$12.41	$12.13	2.3%
Bowling	$13.67	$18.00	24.1%

Groceries

Item	Bancroft	National avg.	Difference
Ground Beef	$5.57	$5.84	4.5%
Fried Chicken	$1.35	$1.57	14.0%
Milk	$4.83	$4.67	3.4%
Potatoes	$5.16	$4.93	4.6%
Pizza	$11.31	$12.09	6.4%
Beer	$10.19	$10.41	2.1%

Health Care

Item	Bancroft	National avg.	Difference
Optometrist	$172.33	$125.68	37.1%
Doctor	$158.83	$135.78	17.0%
Dentist	$107.83	$113.29	4.8%
Ibuprofen	$10.49	$10.65	1.5%
Lipitor	$355.05	$468.60	24.2%

Housing

Item	Bancroft	National avg.	Difference
Home Price	$77,100.00	$184,700.00	58.3%
Avg. Mortgage Payment	$1,346.93	$2,346.69	42.6%
Apartment Rent	$770.00	$949.00	18.9%

Transportation

Item	Bancroft	National avg.	Difference
Gasoline	$3.36	$3.46	3.0%
Tire Balancing	$52.00	$59.92	13.2%

Utilities

Item	Bancroft	National avg.	Difference
All Electricity	$189.47	$193.99	2.3%
Phone	$186.09	$192.25	3.2%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Buffalo, WV	1,061	85	15.2%
Alum Creek, WV	1,579	86	14.3%
Nitro, WV	6,498	86	14.0%
Dunbar, WV	7,166	86	13.8%
Sissonville, WV	3,472	87	13.4%
Bancroft, WV	443	84	16.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Assaria, KS	443	86	14.0%
Cunningham, KS	443	81	19.3%
Sacramento, KY	443	83	16.7%
Bethel, MN	443	101	0.7%
Jumpertown, MS	443	75	25.5%
Bancroft, WV	443	84	16.4%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Bancroft, WV