Cost of living in Nitro 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 Nitro 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 Nitro is 84, with 100 being the average.
The cost of living index in Nitro is 0.8x lower than the national average.
Nitro ranks as the #7 cheapest in West Virginia out of 31.
Nitro ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Nitro is $106,900.
The median income in Nitro is $45,949.
According to the most recent data on the cost of living, Nitro has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to West Virginia, Nitro has a cost of living index that's 0.9x lower than West Virginia's index of 89.
The standard of living in Nitro ranks as #7 most affordable out of the 31 places we measured in West Virginia. By definition, that implies Nitro ranks as the #24 most expensive place in the Mountain State.
For more reading on life in Nitro, check out:
Six factors go into calculating the cost of living index in Nitro. Here is how it fairs on each of the criteria:
The Services index in Nitro is 97.
The Groceries index in Nitro is 95.
The Health index in Nitro is 91.
The Housing index in Nitro is 61.
The Transportation index in Nitro is 94.
The Utilities index in Nitro is 85.
|Living Expense||Nitro||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 Nitro is $106,900.
The Median Rent in Nitro is $710.
The Median Income in Nitro is $45,949.
The Home Value To Income in Nitro is 2.3x.
The Rent To Monthly Income in Nitro is 0.19x.
|Statistic||Nitro||West Virginia||United States|
|Median Home Value||$106,900||$128,800||$244,900|
|Home Value To Income||2.3x||2.5x||3.5x|
|Rent To Monthly Income||0.19x||0.18x||0.2x|
The cost of living varies in the cities and towns around Nitro. Here's a quick look at the cost of living in the most populous nearby places:
Charleston, WV has a cost of living index of 87, 1.0x Nitro.
Teays Valley, WV has a cost of living index of 97, 1.2x Nitro.
South Charleston, WV has a cost of living index of 86, 1.0x Nitro.