New Martinsville, WV Cost Of Living
Cost Of Living In New Martinsville, WV Summary
Cost of living in New Martinsville 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 New Martinsville 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 New Martinsville is 86, with 100 being the average.
The cost of living index in New Martinsville is 0.9x lower than the national average.
New Martinsville ranks as the #8 cheapest in West Virginia out of 30.
New Martinsville ranks as the #639 cheapest out of 6,489 in the US.
The median home value in New Martinsville is $134,568.
The median income in New Martinsville is $51,226.
Table Of Contents
New Martinsville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in New Martinsville, WV?
According to the most recent data on the cost of living, New Martinsville has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to West Virginia, New Martinsville has a cost of living index that's 1.0x lower than West Virginia's index of 87.
The standard of living in New Martinsville ranks as #8 most affordable out of the 30 places we measured in West Virginia. By definition, that implies New Martinsville ranks as the #22 most expensive place in the Mountain State.
For more reading on life in New Martinsville, check out:
In West Virginia
In America
New Martinsville Cost Of Living Vs. West Virginia
Six factors go into calculating the cost of living index in New Martinsville. Here is how it fairs on each of the criteria:
The Services index in New Martinsville is 96.
The Groceries index in New Martinsville is 98.
The Health index in New Martinsville is 90.
The Housing index in New Martinsville is 61.
The Transportation index in New Martinsville is 95.
The Utilities index in New Martinsville is 94.
| Living Expense | New Martinsville | West Virginia | National Average | |
|---|---|---|---|---|
| Overall | 86 | 87 | 100 | |
| Services | 96 | 95 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 90 | 96 | 100 | |
| Housing | 61 | 62 | 100 | |
| Transportation | 95 | 93 | 100 | |
| Utilities | 94 | 95 | 100 | |
New Martinsville, 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 New Martinsville is $134,568.
The Median Rent in New Martinsville is $718.
The Median Income in New Martinsville is $51,226.
The Home Value To Income in New Martinsville is 2.6x.
The Rent To Monthly Income in New Martinsville is 0.17x.
| Statistic | New Martinsville | West Virginia | United States |
|---|---|---|---|
| Median Home Value | $134,568 | $170,604 | $303,400 |
| Median Rent | $718 | $850 | $1,348 |
| Median Income | $51,226 | $57,917 | $78,538 |
| Home Value To Income | 2.6x | 2.9x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
New Martinsville, WV Costs By Category
Detailed New Martinsville Services Costs Vs. West Virginia
| Item | New Martinsville | 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 New Martinsville Groceries Costs Vs. West Virginia
| Item | New Martinsville | 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 New Martinsville Health Costs Vs. West Virginia
| Item | New Martinsville | West Virginia |
|---|---|---|
| Optometrist | $126.67 | $125.68 |
| Doctor | $137.65 | $135.78 |
| Dentist | $100.44 | $113.29 |
Detailed New Martinsville Transportation Costs Vs. West Virginia
| Item | New Martinsville | West Virginia |
|---|---|---|
| Gasoline | $3.46 | $3.46 |
| Tire Balancing | $47.54 | $59.92 |
Detailed New Martinsville Utilities Costs Vs. West Virginia
| Item | New Martinsville | West Virginia |
|---|---|---|
| All Electricity | $178.61 | $193.99 |
| Phone | $185.45 | $192.25 |
New Martinsville SnackAbility
/10
Cost Of Living In Cities Around New Martinsville
The cost of living varies in the cities and towns around New Martinsville. Here's a quick look at the cost of living in the most populous nearby places:
Morristown, TN has a cost of living index of 84, 1.0x New Martinsville.
Washington, PA has a cost of living index of 90, 1.0x New Martinsville.
Marietta, OH has a cost of living index of 87, 1.0x New Martinsville.
| City | Population | Cost Of Living | Vs. New Martinsville |
|---|---|---|---|
| Morristown, TN | 30,983 | 84 | 1.0x |
| Washington, PA | 13,361 | 90 | 1.0x |
| Marietta, OH | 13,282 | 87 | 1.0x |
| Vienna, WV | 10,575 | 88 | 1.0x |
| Newport, OR | 10,393 | 114 | 1.3x |
| Bridgeport, WV | 9,292 | 104 | 1.2x |
| Moundsville, WV | 7,934 | 83 | 1.0x |
| Belpre, OH | 6,668 | 88 | 1.0x |
| Martins Ferry, OH | 6,192 | 87 | 1.0x |
| St. Clairsville, OH | 5,043 | 101 | 1.2x |
