A+
16%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
45%
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 Parkersburg West Virginia National
Cost of living8485100
Goods & Services9595100
Groceries10098100
Health care10197100
Housing5562100
Transportation9494100
Utilities9896100

An Overview of Cost of Living in Parkersburg, WV

Are you thinking about relocating, but curious about the potential cost of living in Parkersburg? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Parkersburg stands at 84, making it 16% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

It's not uncommon for housing expenses to eat up a substantial portion of your income, oten exceeding 30%. The good news is that Parkersburg stands out by reporting housing costs that are 44.8% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more affordable compared to the rest of the country. This favorable housing situation allows residents to allocate a more manageable portion of their income to housing, resulting in greater financial flexibility.

Is Parkersburg Affordable?

Is Parkersburg affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Parkersburg, the median home price is 51.4% lower than the national average and monthly rent prices are 29.3% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Parkersburg boasting a median household income of $37,933, 31.4% lower than the national average.

What Factors can Influence the Cost of Living in Parkersburg?

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Parkersburg, healthcare costs are 1.1% higher than the national average.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Parkersburg comes in at 2.5% lower than the national average.

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Parkersburg, the transportation index is 6% lower than the national average.

Where is the Data From?

The cost of living in Parkersburg, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Parkersburg is 2% lower than the West Virginia average
  • The cost of living in Parkersburg is 16% lower than the national average
  • Parkersburg housing is 45% 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

Most Affordable Places to Live in and Around Parkersburg

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Compare Parkersburg, 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$48,094$4,008$1,122$1,443
      Renters$25,012$2,084$584$750
      A good indicator of the general affordability of housing in Parkersburg, WV, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Parkersburg, the median monthly income is $48,094 for those who own their own homes. Under the standard rule, that income level would allow for $1,122 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $25,012, per the median income in the area. That would allow for renters to spend up to $584 on monthly rental expenses.

      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 Parkersburg National avg. Difference
      Haircut $18.78$24.2622.6%
      Beauty Salon $46.22$45.561.4%
      Toothpaste $3.56$3.703.8%
      Shampoo $1.18$1.288.1%
      Movie $12.41$12.132.3%
      Bowling $13.67$18.0024.1%

      Groceries

      Item Parkersburg National avg. Difference
      Ground Beef $5.57$5.844.5%
      Fried Chicken $1.35$1.5714.0%
      Milk $4.83$4.673.4%
      Potatoes $5.16$4.934.6%
      Pizza $11.31$12.096.4%
      Beer $10.19$10.412.1%

      Health Care

      Item Parkersburg National avg. Difference
      Optometrist $172.33$125.6837.1%
      Doctor $158.83$135.7817.0%
      Dentist $107.83$113.294.8%
      Ibuprofen $10.49$10.651.5%
      Lipitor $355.05$468.6024.2%

      Housing

      Item Parkersburg National avg. Difference
      Home Price $89,800.00$184,700.0051.4%
      Avg. Mortgage Payment $1,346.93$2,346.6942.6%
      Apartment Rent $671.00$949.0029.3%

      Transportation

      Item Parkersburg National avg. Difference
      Gasoline $3.36$3.463.0%
      Tire Balancing $52.00$59.9213.2%

      Utilities

      Item Parkersburg National avg. Difference
      All Electricity $189.47$193.992.3%
      Phone $186.09$192.253.2%
      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.
      Waverly, WV687973.5%
      Little Hocking, OH7598020.0%
      Elizabeth, WV8888019.5%
      Hockingport, OH1448317.1%
      Vincent, OH2738415.7%
      Parkersburg, WV29,7328415.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      East Lake-Orient Park, FL29,750945.5%
      Sanford, NC29,758918.8%
      Leamington, ON29,703n/a 
      Walnut, CA29,76419393.0%
      Kent, OH29,698927.6%
      Parkersburg, WV29,7328415.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.