Cost of Living in New Martinsville, WV

A+
16%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
41%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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 New Martinsville West Virginia National
Cost of living8485100
Goods & Services9595100
Groceries9698100
Health care9297100
Housing5962100
Transportation9494100
Utilities9496100
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Cost Of Living Quick Facts

  • The cost of living in New Martinsville is 2% lower than the West Virginia average
  • The cost of living in New Martinsville is 16% lower than the national average
  • New Martinsville housing is 41% 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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Compare New Martinsville, WV Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$54,826$4,569$1,279$1,645
      Renters$28,750$2,396$671$863
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in New Martinsville, WV, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In New Martinsville, homeowners have a median income of $54,826. Using that number, a maximum of $1,279 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $28,750, which means there is a maximum of $671 to be spent on the costs of renting a home or apartment.

      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 New Martinsville National avg. Difference
      Haircut $29.44$24.2621.4%
      Beauty Salon $49.17$45.567.9%
      Toothpaste $3.80$3.702.6%
      Shampoo $1.15$1.2810.5%
      Movie $10.26$12.1315.4%
      Bowling $17.17$18.004.6%

      Groceries

      Item New Martinsville National avg. Difference
      Ground Beef $5.63$5.843.5%
      Fried Chicken $1.35$1.5714.2%
      Milk $4.56$4.672.4%
      Potatoes $5.49$4.9311.3%
      Pizza $11.17$12.097.6%
      Beer $10.15$10.412.5%

      Health Care

      Item New Martinsville National avg. Difference
      Optometrist $126.67$125.680.8%
      Doctor $137.65$135.781.4%
      Dentist $100.44$113.2911.3%
      Ibuprofen $10.20$10.654.3%
      Lipitor $375.63$468.6019.8%

      Housing

      Item New Martinsville National avg. Difference
      Home Price $95,300.00$184,700.0048.4%
      Avg. Mortgage Payment $1,880.59$2,346.6919.9%
      Apartment Rent $718.00$949.0024.3%

      Transportation

      Item New Martinsville National avg. Difference
      Gasoline $3.46$3.460.1%
      Tire Balancing $47.54$59.9220.7%

      Utilities

      Item New Martinsville National avg. Difference
      All Electricity $178.61$193.997.9%
      Phone $185.45$192.253.5%
      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.
      Jacksonburg, WV79955.2%
      Pine Grove, WV3657821.6%
      Friendly, WV1248020.5%
      Antioch, OH808020.1%
      Matamoras, OH1,0458019.9%
      New Martinsville, WV5,1238416.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Thatcher, AZ5,1221043.8%
      Homestead Meadows North, TX5,1218614.3%
      Daleville, AL5,1258514.7%
      Glencoe, AL5,125918.6%
      Kenneth City, FL5,119972.6%
      New Martinsville, WV5,1238416.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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