Barboursville cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBarboursvilleWest VirginiaNational
Cost of living index8891100
IndexBarboursvilleWest VirginiaNational
Goods & Services index96111100
Groceries index9095100
Health care index9796100
Housing index7560100
Transportation index83107100
Utilities index9693100
A general overview of the cost of living index for Barboursville, WV is displayed above. In Barboursville, WV, the overall cost of living index is 88, which is 4% lower than the West Virginia average and 12% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Barboursville, WV, the city's goods and services are 14% lower than the West Virginia average and 4% lower than the U.S. average.

Did you know?

  • The cost of living in Barboursville is 4% lower than the West Virginia average.
  • The cost of living in Barboursville is 12% lower than the national average.
  • The cost of housing in Barboursville is 25% lower than the national average.
  • West Virginia general sales tax is 18% higher than the national average.
  • West Virginia state income tax is 35% higher than the national average.

Find Real Estate Listings In Barboursville

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Barboursville

Compare Barboursville, WV Cost of living To Other Cities

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
Using the salary calculator lets you compare the salary you earn in Barboursville, WV to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Barboursville, WV, you have to earn a higher income in order to still have the same standard of living. To operate the Barboursville, WV salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$46,375$3,865$1,082$1,391
Renters$34,940$2,912$815$1,048
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Barboursville, WV as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Barboursville, WV homeowners, is $46,375. This would allow for a maximum of $1,082 per month to be spent on housing costs. For renters, the median monthly income is $34,940 which would result in a maximum of $815 to be spent on rental costs.

West Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax
West Virginia6%7%

West Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
West Virginia3%6.5%
When considering the overall cost of living expenses in Barboursville, WV, it's important to take into account the sales tax for West Virginia, as well as the rate for income tax in West Virginia. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for West Virginia is 7%, and the sales tax in the state of West Virginia is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in West Virginia starts from 3% and goes up to 6.5%.

Goods & Services

ItemBarboursvilleNational avg.Difference
Haircut $11.20$14.5923.3%
Beauty Salon $33.20$34.684.3%
Toothpaste $1.78$2.4728.0%
Shampoo $0.91$1.0211.0%
Movie $9.31$9.875.7%
Bowling $4.25$4.393.2%

Groceries

ItemBarboursvilleNational avg.Difference
Ground Beef $4.73$4.485.7%
Fried Chicken $1.17$1.4620.1%
Milk $1.88$2.3620.2%
Potatoes $2.37$3.0622.6%
Pizza $9.99$9.248.1%
Beer $7.99$8.637.4%

Health Care

ItemBarboursvilleNational avg.Difference
Optometrist $59.90$99.7840.0%
Doctor $111.67$105.036.3%
Dentist $94.00$88.706.0%
Ibuprofen $7.49$9.4120.4%
Lipitor $267.15$298.5010.5%

Housing

ItemBarboursvilleNational avg.Difference
Home Price $120,100.00$175,700.0031.6%
Avg. Mortgage Payment $836.00$1,081.0322.7%
Apartment Rent $843.00$920.008.4%

Transportation

ItemBarboursvilleNational avg.Difference
Gasoline $1.75$2.0916.6%
Tire Balancing $36.75$45.2918.8%

Utilities

ItemBarboursvilleNational avg.Difference
All Electricity$161.00$170.805.7%
Phone $27.99$28.260.9%
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, StatePopulationCost of Living IndexNational Avg.
Wayne, WV2,03281-19%
Crown City, OH36780-20%
Hamlin, WV1,42684-16%
West Hamlin, WV81484-16%
Proctorville, OH53581-19%
Barboursville, WV4,07588-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Manning, SC4,07588-12%
St. Joseph, IL4,07694-6%
Throop, PA4,07794-6%
Nassau Bay, TX4,077100-0%
Cannon Falls, MN4,07299-1%
Barboursville, WV4,07588-12%
Source: The Barboursville, WV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.