Bluefield 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.
IndexBluefieldWest VirginiaNational
Cost of living index8391100
IndexBluefieldWest VirginiaNational
Goods & Services index97111100
Groceries index9295100
Health care index10896100
Housing index4860100
Transportation index99107100
Utilities index10693100
Here we can see a simple outline of the cost of living in Bluefield, WV. As you can see, with the average cost of living in Bluefield, WV being 83, that puts it 9% lower than the average of West Virginia and 17% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Bluefield, WV, the price of goods and services are 13% lower than the average of West Virginia as well as 3% lower than the nation's average.

Did you know?

  • The cost of living in Bluefield is 9% lower than the West Virginia average.
  • The cost of living in Bluefield is 17% lower than the national average.
  • The cost of housing in Bluefield is 52% 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 Bluefield

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Bluefield

Compare Bluefield, 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
The salary calculator is meant to help you compare your salary in Bluefield, WV to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Bluefield, WV, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Bluefield, WV salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$46,314$3,860$1,081$1,390
Renters$19,696$1,641$460$591
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Bluefield, 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 Bluefield, WV homeowners, is $46,314. This would allow for a maximum of $1,081 per month to be spent on housing costs. For renters, the median monthly income is $19,696 which would result in a maximum of $460 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%
The West Virginia sales tax and West Virginia income tax rates should definitely be considered when determining the overall cost of living in Bluefield, WV. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The West Virginia sales tax is 6% and the maximum surtax is 7%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The West Virginia income tax rates range from 3% to 6.5%.

Goods & Services

ItemBluefieldNational 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

ItemBluefieldNational 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

ItemBluefieldNational 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

ItemBluefieldNational avg.Difference
Home Price $74,900.00$175,700.0057.4%
Avg. Mortgage Payment $955.01$1,081.0311.7%
Apartment Rent $557.00$920.0039.5%

Transportation

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

Utilities

ItemBluefieldNational 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.
Crumpler, WV28072-28%
Montcalm, WV49473-27%
Pageton, WV4875-25%
Maybeury, WV23875-25%
Pocahontas, VA62676-24%
Bluefield, WV10,46583-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Linthicum, MD10,46611515%
Palatka, FL10,46487-13%
Villas, FL10,46494-6%
Wyomissing, PA10,46711212%
Exeter, CA10,4681022%
Bluefield, WV10,46583-17%
Source: The Bluefield, WV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.