Cheat Lake 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.
IndexCheat LakeWest VirginiaNational
Cost of living index10786100
IndexCheat LakeWest VirginiaNational
Goods & Services index100100100
Groceries index101101100
Health care index9292100
Housing index12960100
Transportation index9797100
Utilities index8888100
An overview of the general cost of living index for Cheat Lake, WV is displayed above for your reference. Residents in Cheat Lake, WV enjoy a cost of living index of 107. This index is 24% higher than the West Virginia average, and 7% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Cheat Lake, WV, the average cost of goods and services is equal to it is in West Virginia, and it is equal to the national average.

Did you know?

  • The cost of living in Cheat Lake is 24% higher than the West Virginia average.
  • The cost of living in Cheat Lake is 7% higher than the national average.
  • The cost of housing in Cheat Lake is 29% higher 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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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 used in order to provide a comparison of your current salary in Cheat Lake, WV to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Cheat Lake, WV, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Cheat Lake, WV salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Cheat Lake, WV by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Cheat Lake, WV have a median income of $97,935. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,285 per month to avoid calamity and poverty. The renters in the city have an income of about $43,750, which would make their monthly maximum allowable rental costs $1,021.

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 you are determining the total cost of living in Cheat Lake, WV you will want to make sure you consider both the West Virginia sales tax and the West Virginia income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in West Virginia is 6%, with the highest surtax being 7%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in West Virginia have a range from 3% to 6.5%.

Goods & Services

ItemCheat LakeNational avg.Difference
Haircut $12.75$15.5618.1%
Beauty Salon $32.72$36.119.4%
Toothpaste $2.55$2.473.3%
Shampoo $0.94$0.962.2%
Movie $10.20$10.130.7%
Bowling $4.17$4.7412.0%


ItemCheat LakeNational avg.Difference
Ground Beef $4.19$3.985.2%
Fried Chicken $1.46$1.413.8%
Milk $2.05$2.060.8%
Potatoes $3.45$2.9815.8%
Pizza $9.00$9.475.0%
Beer $8.55$8.792.8%

Health Care

ItemCheat LakeNational avg.Difference
Optometrist $89.67$101.0411.3%
Doctor $96.00$107.4410.6%
Dentist $77.00$90.4214.8%
Ibuprofen $8.91$9.283.9%
Lipitor $443.98$426.504.1%


ItemCheat LakeNational avg.Difference
Home Price $245,600.00$175,700.0039.8%
Avg. Mortgage Payment $1,082.34$1,133.234.5%
Apartment Rent $961.00$920.004.5%


ItemCheat LakeNational avg.Difference
Gasoline $2.13$1.996.9%
Tire Balancing $33.51$45.7626.8%


ItemCheat LakeNational avg.Difference
All Electricity$129.76$163.8120.8%
Phone $28.66$28.391.0%
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.
Ronco, PA6270-30%
Nemacolin, PA53974-26%
Mapletown, PA15879-21%
Bruceton Mills, WV5581-19%
Albright, WV29581-19%
Cheat Lake, WV9,2201077%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Greenwood, AR9,22286-14%
Francisville, KY9,21711313%
DeForest, WI9,2321066%
Plainedge, NY9,23415151%
Mound, MN9,2051055%
Cheat Lake, WV9,2201077%
Source: The Cheat Lake, WV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.