Cheat Lake, WV Cost Of Living
Cost Of Living In Cheat Lake, WV Summary
Cost of living in Cheat Lake research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cheat Lake is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in West Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cheat Lake is 112, with 100 being the average.
The cost of living index in Cheat Lake is 1.1x higher than the national average.
Cheat Lake ranks as the #29 cheapest in West Virginia out of 30.
Cheat Lake ranks as the #3,863 cheapest out of 6,489 in the US.
The median home value in Cheat Lake is $378,815.
The median income in Cheat Lake is $111,379.
Table Of Contents
Cheat Lake's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Cheat Lake, WV?
According to the most recent data on the cost of living, Cheat Lake has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to West Virginia, Cheat Lake has a cost of living index that's 1.3x higher than West Virginia's index of 87.
The standard of living in Cheat Lake ranks as #29 most affordable out of the 30 places we measured in West Virginia. By definition, that implies Cheat Lake ranks as the #1 most expensive place in the Mountain State.
For more reading on life in Cheat Lake, check out:
In West Virginia
In America
Cheat Lake Cost Of Living Vs. West Virginia
Six factors go into calculating the cost of living index in Cheat Lake. Here is how it fairs on each of the criteria:
The Services index in Cheat Lake is 97.
The Groceries index in Cheat Lake is 98.
The Health index in Cheat Lake is 93.
The Housing index in Cheat Lake is 146.
The Transportation index in Cheat Lake is 96.
The Utilities index in Cheat Lake is 92.
| Living Expense | Cheat Lake | West Virginia | National Average | |
|---|---|---|---|---|
| Overall | 112 | 87 | 100 | |
| Services | 97 | 95 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 93 | 96 | 100 | |
| Housing | 146 | 62 | 100 | |
| Transportation | 96 | 93 | 100 | |
| Utilities | 92 | 95 | 100 | |
Cheat Lake, WV Housing Cost Breakdown
Housing swings affordability the most between places in West Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Cheat Lake is $378,815.
The Median Rent in Cheat Lake is $1,113.
The Median Income in Cheat Lake is $111,379.
The Home Value To Income in Cheat Lake is 3.4x.
The Rent To Monthly Income in Cheat Lake is 0.12x.
| Statistic | Cheat Lake | West Virginia | United States |
|---|---|---|---|
| Median Home Value | $378,815 | $170,604 | $303,400 |
| Median Rent | $1,113 | $850 | $1,348 |
| Median Income | $111,379 | $57,917 | $78,538 |
| Home Value To Income | 3.4x | 2.9x | 3.9x |
| Rent To Monthly Income | 0.12x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Cheat Lake, WV Costs By Category
Detailed Cheat Lake Services Costs Vs. West Virginia
| Item | Cheat Lake | West Virginia |
|---|---|---|
| Shampoo | $1.15 | $1.28 |
| Movie | $10.26 | $12.13 |
| Bowling | $17.17 | $18 |
| Haircut | $29.44 | $24.26 |
| Beauty Salon | $49.17 | $45.56 |
Detailed Cheat Lake Groceries Costs Vs. West Virginia
| Item | Cheat Lake | West Virginia |
|---|---|---|
| Ground Beef | $5.63 | $5.84 |
| Fried Chicken | $1.35 | $1.57 |
| Milk | $4.56 | $4.67 |
| Potatoes | $5.49 | $4.93 |
| Pizza | $11.17 | $12.09 |
| Beer | $10.15 | $10.41 |
| Toothpaste | $3.8 | $3.7 |
Detailed Cheat Lake Health Costs Vs. West Virginia
| Item | Cheat Lake | West Virginia |
|---|---|---|
| Optometrist | $126.67 | $125.68 |
| Doctor | $137.65 | $135.78 |
| Dentist | $100.44 | $113.29 |
Detailed Cheat Lake Transportation Costs Vs. West Virginia
| Item | Cheat Lake | West Virginia |
|---|---|---|
| Gasoline | $3.46 | $3.46 |
| Tire Balancing | $47.54 | $59.92 |
Detailed Cheat Lake Utilities Costs Vs. West Virginia
| Item | Cheat Lake | West Virginia |
|---|---|---|
| All Electricity | $178.61 | $193.99 |
| Phone | $185.45 | $192.25 |
Cheat Lake SnackAbility
/10
Cost Of Living In Cities Around Cheat Lake
The cost of living varies in the cities and towns around Cheat Lake. Here's a quick look at the cost of living in the most populous nearby places:
Morgantown, WV has a cost of living index of 99, 0.9x Cheat Lake.
Baldwin, PA has a cost of living index of 97, 0.9x Cheat Lake.
Whitehall, PA has a cost of living index of 100, 0.9x Cheat Lake.
| City | Population | Cost Of Living | Vs. Cheat Lake |
|---|---|---|---|
| Morgantown, WV | 30,273 | 99 | 0.9x |
| Baldwin, PA | 21,159 | 97 | 0.9x |
| Whitehall, PA | 14,863 | 100 | 0.9x |
| Jefferson Hills, PA | 12,313 | 109 | 1.0x |
| Brentwood, PA | 9,927 | 92 | 0.8x |
| Canonsburg, PA | 9,682 | 96 | 0.9x |
| Pleasant Hills, PA | 8,418 | 99 | 0.9x |
| Castle Shannon, PA | 8,237 | 95 | 0.8x |
| White Oak, PA | 7,520 | 93 | 0.8x |
| Brookhaven, WV | 6,465 | 97 | 0.9x |
