Cost Of Living in Oak Hill, WV

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Oak Hill	West Virginia	National
Cost of living	85	85	100
Goods & Services	95	95	100
Groceries	100	98	100
Health care	101	97	100
Housing	57	62	100
Transportation	94	94	100
Utilities	98	96	100

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Cost Of Living Quick Facts

The cost of living in Oak Hill is 1% lower than the West Virginia average
The cost of living in Oak Hill is 15% lower than the national average
Oak Hill housing is 43% lower than the national average
West Virginia general sales tax is 18% higher than the national average
West Virginia state income tax is 16% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$45,180	$3,765	$1,054	$1,356
Renters	$19,405	$1,617	$453	$582

The affordability of the housing market in Oak Hill, WV as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Oak Hill homeowners, the median income is $45,180. This indicates that a monthly maximum of $1,054 should be spent by homeowners on all housing related costs. Renters have a median income of $19,405. This indicates that renters would have a maximum of $453 for their rent related monthly costs.

West Virginia Sales Tax

State	General Sales Tax	With Max Surtax
West Virginia	6%	7%

West Virginia Income Tax

State	Income Tax (Low)	Income Tax (High)
West Virginia	3%	6.5%

Goods & Services

Item	Oak Hill	National avg.	Difference
Haircut	$18.78	$24.26	22.6%
Beauty Salon	$46.22	$45.56	1.4%
Toothpaste	$3.56	$3.70	3.8%
Shampoo	$1.18	$1.28	8.1%
Movie	$12.41	$12.13	2.3%
Bowling	$13.67	$18.00	24.1%

Groceries

Item	Oak Hill	National avg.	Difference
Ground Beef	$5.57	$5.84	4.5%
Fried Chicken	$1.35	$1.57	14.0%
Milk	$4.83	$4.67	3.4%
Potatoes	$5.16	$4.93	4.6%
Pizza	$11.31	$12.09	6.4%
Beer	$10.19	$10.41	2.1%

Health Care

Item	Oak Hill	National avg.	Difference
Optometrist	$172.33	$125.68	37.1%
Doctor	$158.83	$135.78	17.0%
Dentist	$107.83	$113.29	4.8%
Ibuprofen	$10.49	$10.65	1.5%
Lipitor	$355.05	$468.60	24.2%

Housing

Item	Oak Hill	National avg.	Difference
Home Price	$106,600.00	$184,700.00	42.3%
Avg. Mortgage Payment	$1,346.93	$2,346.69	42.6%
Apartment Rent	$532.00	$949.00	43.9%

Transportation

Item	Oak Hill	National avg.	Difference
Gasoline	$3.36	$3.46	3.0%
Tire Balancing	$52.00	$59.92	13.2%

Utilities

Item	Oak Hill	National avg.	Difference
All Electricity	$189.47	$193.99	2.3%
Phone	$186.09	$192.25	3.2%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Glen Jean, WV	145	97	3.5%
Falls View, WV	161	97	3.5%
Prince, WV	17	97	3.5%
Beards Fork, WV	55	97	3.5%
Thurmond, WV	0	97	3.5%
Oak Hill, WV	8,249	85	15.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Castle Shannon, PA	8,249	95	5.4%
Kitimat, BC	8,251	n/a
Cuero, TX	8,246	86	14.1%
Oberlin, OH	8,252	93	7.2%
Ahuimanu, HI	8,254	193	92.8%
Oak Hill, WV	8,249	85	15.3%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Oak Hill, WV