Cost of living in Oak Hill 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 Oak Hill 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 Oak Hill is 79, with 100 being the average.
The cost of living index in Oak Hill is 0.8x lower than the national average.
Oak Hill ranks as the #2 cheapest in West Virginia out of 31.
Oak Hill ranks as the #155 cheapest out of 6,412 in the US.
The median home value in Oak Hill is $103,800.
The median income in Oak Hill is $45,460.
According to the most recent data on the cost of living, Oak Hill has an overall cost of living index of 79, which is 0.8x lower than the national index of 100.
Compared to West Virginia, Oak Hill has a cost of living index that's 0.9x lower than West Virginia's index of 89.
The standard of living in Oak Hill ranks as #2 most affordable out of the 31 places we measured in West Virginia. By definition, that implies Oak Hill ranks as the #29 most expensive place in the Mountain State.
For more reading on life in Oak Hill, check out:
Six factors go into calculating the cost of living index in Oak Hill. Here is how it fairs on each of the criteria:
The Services index in Oak Hill is 98.
The Groceries index in Oak Hill is 95.
The Health index in Oak Hill is 92.
The Housing index in Oak Hill is 53.
The Transportation index in Oak Hill is 93.
The Utilities index in Oak Hill is 87.
|Living Expense||Oak Hill||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 Oak Hill is $103,800.
The Median Rent in Oak Hill is $594.
The Median Income in Oak Hill is $45,460.
The Home Value To Income in Oak Hill is 2.3x.
The Rent To Monthly Income in Oak Hill is 0.16x.
|Statistic||Oak Hill||West Virginia||United States|
|Median Home Value||$103,800||$128,800||$244,900|
|Home Value To Income||2.3x||2.5x||3.5x|
|Rent To Monthly Income||0.16x||0.18x||0.2x|
The cost of living varies in the cities and towns around Oak Hill. 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, 1.1x Oak Hill.
Beckley, WV has a cost of living index of 87, 1.1x Oak Hill.
South Charleston, WV has a cost of living index of 86, 1.1x Oak Hill.