Cost Of Living in Grafton, 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	Grafton	West Virginia	National
Cost of living	80	85	100
Goods & Services	95	95	100
Groceries	96	98	100
Health care	92	97	100
Housing	47	62	100
Transportation	94	94	100
Utilities	94	96	100

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Cost Of Living Quick Facts

The cost of living in Grafton is 6% lower than the West Virginia average
The cost of living in Grafton is 20% lower than the national average
Grafton housing is 53% 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	$47,137	$3,928	$1,100	$1,414
Renters	$25,769	$2,147	$601	$773

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Grafton, WV, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Grafton homeowners, is $47,137. This would allow for a maximum of $1,100 per month to be spent on housing costs. For renters, the median monthly income is $25,769 which would result in a maximum of $601 to be spent on rental costs.

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	Grafton	National avg.	Difference
Haircut	$29.44	$24.26	21.4%
Beauty Salon	$49.17	$45.56	7.9%
Toothpaste	$3.80	$3.70	2.6%
Shampoo	$1.15	$1.28	10.5%
Movie	$10.26	$12.13	15.4%
Bowling	$17.17	$18.00	4.6%

Groceries

Item	Grafton	National avg.	Difference
Ground Beef	$5.63	$5.84	3.5%
Fried Chicken	$1.35	$1.57	14.2%
Milk	$4.56	$4.67	2.4%
Potatoes	$5.49	$4.93	11.3%
Pizza	$11.17	$12.09	7.6%
Beer	$10.15	$10.41	2.5%

Health Care

Item	Grafton	National avg.	Difference
Optometrist	$126.67	$125.68	0.8%
Doctor	$137.65	$135.78	1.4%
Dentist	$100.44	$113.29	11.3%
Ibuprofen	$10.20	$10.65	4.3%
Lipitor	$375.63	$468.60	19.8%

Housing

Item	Grafton	National avg.	Difference
Home Price	$77,500.00	$184,700.00	58.0%
Avg. Mortgage Payment	$1,880.59	$2,346.69	19.9%
Apartment Rent	$553.00	$949.00	41.7%

Transportation

Item	Grafton	National avg.	Difference
Gasoline	$3.46	$3.46	0.1%
Tire Balancing	$47.54	$59.92	20.7%

Utilities

Item	Grafton	National avg.	Difference
All Electricity	$178.61	$193.99	7.9%
Phone	$185.45	$192.25	3.5%

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.
Carolina, WV	313	95	5.2%
Galloway, WV	191	95	5.2%
Newburg, WV	281	79	21.4%
Farmington, WV	460	81	19.3%
Flemington, WV	349	81	19.2%
Grafton, WV	5,035	80	19.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Crestwood, KY	5,034	110	9.7%
Polson, MT	5,033	95	4.9%
Archer Lodge, NC	5,037	102	1.6%
Olyphant, PA	5,037	93	6.8%
Rainsville, AL	5,038	91	8.9%
Grafton, WV	5,035	80	19.6%

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 Grafton, WV