Cost of Living in Charles Town, WV

C+
13%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
29%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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 Charles Town West Virginia National
Cost of living11385100
Goods & Services10995100
Groceries10898100
Health care9797100
Housing12962100
Transportation9594100
Utilities11096100
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Cost Of Living Quick Facts

  • The cost of living in Charles Town is 32% higher than the West Virginia average
  • The cost of living in Charles Town is 13% higher than the national average
  • Charles Town housing is 29% higher 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

Most Affordable Places to Live in and Around Charles Town

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Compare Charles Town, WV Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$105,294$8,775$2,457$3,159
      Renters$34,918$2,910$815$1,048
      The affordability of the housing market in Charles Town, 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 Charles Town homeowners, the median income is $105,294. This indicates that a monthly maximum of $2,457 should be spent by homeowners on all housing related costs. Renters have a median income of $34,918. This indicates that renters would have a maximum of $815 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 Charles Town National avg. Difference
      Haircut $26.11$24.267.6%
      Beauty Salon $70.08$45.5653.8%
      Toothpaste $3.81$3.702.8%
      Shampoo $1.51$1.2817.9%
      Movie $15.69$12.1329.3%
      Bowling $24.83$18.0038.0%

      Groceries

      Item Charles Town National avg. Difference
      Ground Beef $6.24$5.846.9%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.78$4.672.2%
      Potatoes $5.49$4.9311.3%
      Pizza $12.56$12.093.9%
      Beer $11.10$10.416.6%

      Health Care

      Item Charles Town National avg. Difference
      Optometrist $92.00$125.6826.8%
      Doctor $135.03$135.780.5%
      Dentist $117.67$113.293.9%
      Ibuprofen $11.52$10.658.1%
      Lipitor $403.79$468.6013.8%

      Housing

      Item Charles Town National avg. Difference
      Home Price $265,900.00$184,700.0044.0%
      Avg. Mortgage Payment $4,819.29$2,346.69105.4%
      Apartment Rent $894.00$949.005.8%

      Transportation

      Item Charles Town National avg. Difference
      Gasoline $3.25$3.466.0%
      Tire Balancing $59.00$59.921.5%

      Utilities

      Item Charles Town National avg. Difference
      All Electricity $222.47$193.9914.7%
      Phone $197.37$192.252.7%
      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.
      Antietam, MD451066.3%
      Eakles Mill, MD01066.3%
      Mount Briar, MD1171066.3%
      Brownsville, MD261066.3%
      Mercersville, MD1881066.3%
      Charles Town, WV5,98511313.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Kodiak, AK5,98312423.7%
      Shaw Heights, CO5,98712121.3%
      Harris Hill, NY5,9821099.4%
      Union, KY5,98812019.8%
      Pontiac, QC5,989n/a 
      Charles Town, WV5,98511313.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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