Beckley 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.
IndexBeckleyWest VirginiaNational
Cost of living index8891100
IndexBeckleyWest VirginiaNational
Goods & Services index97111100
Groceries index9295100
Health care index10896100
Housing index6560100
Transportation index99107100
Utilities index10693100
The above illustration supplies generalized information for the Beckley, WV cost of living index. Compared to other cities in West Virginia and cities across the country, the cost of living index in Beckley, WV is 88, which is 3% lower than the West Virginia average and 12% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Beckley, WV are 13% lower than the average for West Virginia and 3% lower than the rest of the country.

Did you know?

  • The cost of living in Beckley is 3% lower than the West Virginia average.
  • The cost of living in Beckley is 12% lower than the national average.
  • The cost of housing in Beckley is 35% 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.

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Compare Beckley, WV Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Beckley, WV to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Beckley, WV, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Beckley, WV salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$46,623$3,885$1,088$1,399
Renters$22,976$1,915$536$689
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Beckley, 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 Beckley, WV homeowners, is $46,623. This would allow for a maximum of $1,088 per month to be spent on housing costs. For renters, the median monthly income is $22,976 which would result in a maximum of $536 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%
For those who live in Beckley, WV and want to know what the true cost of living is, they ought to look at both the West Virginia income tax rate and the West Virginia sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In West Virginia, the sales tax is 6%, while the most you'll pay in surtax is 7%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in West Virginia, the income tax rate ranges between 3% to 6.5%.

Goods & Services

ItemBeckleyNational avg.Difference
Haircut $13.55$14.597.1%
Beauty Salon $30.96$34.6810.7%
Toothpaste $2.13$2.4713.9%
Shampoo $0.96$1.026.1%
Movie $10.02$9.871.5%
Bowling $4.69$4.396.8%

Groceries

ItemBeckleyNational avg.Difference
Ground Beef $4.29$4.484.2%
Fried Chicken $1.13$1.4622.8%
Milk $1.57$2.3633.4%
Potatoes $3.03$3.061.0%
Pizza $9.21$9.240.4%
Beer $9.35$8.638.3%

Health Care

ItemBeckleyNational avg.Difference
Optometrist $107.26$99.787.5%
Doctor $105.00$105.030.0%
Dentist $105.00$88.7018.4%
Ibuprofen $8.89$9.415.5%
Lipitor $312.47$298.504.7%

Housing

ItemBeckleyNational avg.Difference
Home Price $107,800.00$175,700.0038.6%
Avg. Mortgage Payment $955.01$1,081.0311.7%
Apartment Rent $684.00$920.0025.7%

Transportation

ItemBeckleyNational avg.Difference
Gasoline $1.94$2.097.3%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemBeckleyNational avg.Difference
All Electricity$146.87$170.8014.0%
Phone $37.99$28.2634.4%
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.
Thurmond, WV798-2%
Prince, WV11998-2%
Helen, WV11298-2%
Hilltop, WV60974-26%
Minden, WV44174-26%
Beckley, WV17,52988-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Colonia, NJ17,53013030%
Bellaire, TX17,53315858%
Menasha, WI17,53593-7%
Arroyo Grande, CA17,53613838%
Colonial Heights, VA17,54299-1%
Beckley, WV17,52988-12%
Source: The Beckley, WV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.