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 85, with 100 being the average.
The cost of living index in New Martinsville is 0.8x lower than the national average.
New Martinsville ranks as the #11 cheapest in West Virginia out of 31.
New Martinsville ranks as the #777 cheapest out of 6,412 in the US.
The median home value in New Martinsville is $105,000.
The median income in New Martinsville is $48,147.
According to the most recent data on the cost of living, New Martinsville has an overall cost of living index of 85, which is 0.8x 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 89.
The standard of living in New Martinsville ranks as #11 most affordable out of the 31 places we measured in West Virginia. By definition, that implies New Martinsville ranks as the #20 most expensive place in the Mountain State.
For more reading on life in New Martinsville, check out:
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 102.
The Groceries index in New Martinsville is 100.
The Health index in New Martinsville is 90.
The Housing index in New Martinsville is 55.
The Transportation index in New Martinsville is 89.
The Utilities index in New Martinsville is 88.
|Living Expense||New Martinsville||West Virginia||National Average|
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 2017-2021. The key points are:
The Median Home Value in New Martinsville is $105,000.
The Median Rent in New Martinsville is $742.
The Median Income in New Martinsville is $48,147.
The Home Value To Income in New Martinsville is 2.2x.
The Rent To Monthly Income in New Martinsville is 0.18x.
|Statistic||New Martinsville||West Virginia||United States|
|Median Home Value||$105,000||$128,800||$244,900|
|Home Value To Income||2.2x||2.5x||3.5x|
|Rent To Monthly Income||0.18x||0.18x||0.2x|
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 85, 1.0x New Martinsville.
Marietta, OH has a cost of living index of 88, 1.0x New Martinsville.
Washington, PA has a cost of living index of 88, 1.0x New Martinsville.
|City||Population||Cost Of Living||Vs. New Martinsville|
|Martins Ferry, OH||6,370||87||1.0x|
|St. Clairsville, OH||5,121||97||1.1x|