Cost Of Living in Parsons, 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	Parsons	West Virginia	National
Cost of living	81	85	100
Goods & Services	95	95	100
Groceries	96	98	100
Health care	92	97	100
Housing	49	62	100
Transportation	94	94	100
Utilities	94	96	100

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Cost Of Living Quick Facts

The cost of living in Parsons is 5% lower than the West Virginia average
The cost of living in Parsons is 19% lower than the national average
Parsons housing is 51% 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	$50,850	$4,238	$1,186	$1,526
Renters	$17,375	$1,448	$405	$521

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	Parsons	National avg.	Difference
Haircut	$29.44	$24.26	21.4%
Beauty Salon	$49.17	$45.56	7.9%
Toothpaste	$3.80	$3.70	2.6%
Shampoo	$1.15	$1.28	10.5%
Movie	$10.26	$12.13	15.4%
Bowling	$17.17	$18.00	4.6%

Groceries

Item	Parsons	National avg.	Difference
Ground Beef	$5.63	$5.84	3.5%
Fried Chicken	$1.35	$1.57	14.2%
Milk	$4.56	$4.67	2.4%
Potatoes	$5.49	$4.93	11.3%
Pizza	$11.17	$12.09	7.6%
Beer	$10.15	$10.41	2.5%

Health Care

Item	Parsons	National avg.	Difference
Optometrist	$126.67	$125.68	0.8%
Doctor	$137.65	$135.78	1.4%
Dentist	$100.44	$113.29	11.3%
Ibuprofen	$10.20	$10.65	4.3%
Lipitor	$375.63	$468.60	19.8%

Housing

Item	Parsons	National avg.	Difference
Home Price	$81,300.00	$184,700.00	56.0%
Avg. Mortgage Payment	$1,880.59	$2,346.69	19.9%
Apartment Rent	$589.00	$949.00	37.9%

Transportation

Item	Parsons	National avg.	Difference
Gasoline	$3.46	$3.46	0.1%
Tire Balancing	$47.54	$59.92	20.7%

Utilities

Item	Parsons	National avg.	Difference
All Electricity	$178.61	$193.99	7.9%
Phone	$185.45	$192.25	3.5%

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.
Bowden, WV	0	95	5.2%
St. George, WV	128	95	5.2%
Hambleton, WV	229	78	21.8%
Junior, WV	375	79	21.3%
Belington, WV	1,929	82	18.0%
Parsons, WV	1,524	81	18.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Kirkland, IL	1,524	92	8.5%
Saint-Ulric, QC	1,524	n/a
Amherst, QC	1,524	n/a
Lake Hamilton, FL	1,525	98	2.3%
Collings Lakes, NJ	1,525	96	4.1%
Parsons, WV	1,524	81	18.8%

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 Parsons, WV