A+
11%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
30%
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 South Charleston West Virginia National
Cost of living8985100
Goods & Services9595100
Groceries10098100
Health care10197100
Housing7062100
Transportation9494100
Utilities9896100

An Overview of Cost of Living in South Charleston, WV

Getting a feel for the cost of living in South Charleston is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in South Charleston is 89, which is 11% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Is South Charleston Affordable?

Is South Charleston 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 South Charleston, the median home price is 31% lower than the national average and monthly rent prices are 27.2% lower than the typical rates. Additionally, the median income levels play a role in affordability, with South Charleston boasting a median household income of $51,021, 7.8% lower than the national average.

What Factors can Influence the Cost of Living in South Charleston?

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In South Charleston, the housing index comes in at 29.8% lower than the national average.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In South Charleston, the healthcare costs are 1.1% higher than the national average.

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In South Charleston, the prevailing sales tax rate starts at 6%, and income tax rates kick off at 3%.

Where is the Data From?

The South Charleston cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in South Charleston is 4% higher than the West Virginia average
  • The cost of living in South Charleston is 11% lower than the national average
  • South Charleston housing is 30% 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 South Charleston

See all the best places to live around South Charleston

Compare South Charleston, 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$61,972$5,164$1,446$1,859
      Renters$27,442$2,287$640$823
      The affordability of the housing market in South Charleston, 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 South Charleston homeowners, the median income is $61,972. This indicates that a monthly maximum of $1,446 should be spent by homeowners on all housing related costs. Renters have a median income of $27,442. This indicates that renters would have a maximum of $640 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 South Charleston 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 South Charleston 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 South Charleston 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 South Charleston National avg. Difference
      Home Price $127,500.00$184,700.0031.0%
      Avg. Mortgage Payment $1,346.93$2,346.6942.6%
      Apartment Rent $691.00$949.0027.2%

      Transportation

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

      Utilities

      Item South Charleston 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.
      Chelyan, WV9207921.3%
      Comfort, WV2258020.1%
      Shrewsbury, WV8418019.9%
      Rand, WV9778118.8%
      Chesapeake, WV1,7838217.8%
      South Charleston, WV12,4618911.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Palos Heights, IL12,46011919.2%
      Mountain Home, AR12,4638416.1%
      Artesia, NM12,463973.4%
      Salisbury, NY12,46314847.7%
      Troy, MO12,457927.8%
      South Charleston, WV12,4618911.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.