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

Most Affordable Places to Live in and Around New Martinsville

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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.