Morgantown 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.
IndexMorgantownWest VirginiaNational
Cost of living index10091100
IndexMorgantownWest VirginiaNational
Goods & Services index111111100
Groceries index9595100
Health care index9696100
Housing index9060100
Transportation index107107100
Utilities index9393100
A general summary of the cost of living index in Morgantown, WV is shown above. Compared to the state average of West Virginia the cost of living index in Morgantown, WV is 100, which is 10% higher than the average in West Virginia and compared to the national average it is equal to. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Morgantown, WV goods and services come in at equal to the average in West Virginia and are 11% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Morgantown is 10% higher than the West Virginia average.
  • The cost of living in Morgantown is equal to the national average.
  • The cost of housing in Morgantown is 10% 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 Morgantown, WV Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Morgantown, WV to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Morgantown, WV, then you would need to earn more income in order to maintain the same standard of living. To use the Morgantown, WV salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$72,023$6,002$1,680$2,161
Renters$15,039$1,253$351$451
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Morgantown, WV, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Morgantown, WV homeowners have a median income of $72,023. Using that number, you will come up with a maximum of $1,680 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $15,039, which means there is a maximum of $351 to be spent on the costs of renting a home or apartment.

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 Morgantown, 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

ItemMorgantownNational avg.Difference
Haircut $12.75$14.5912.6%
Beauty Salon $31.18$34.6810.1%
Toothpaste $2.60$2.475.1%
Shampoo $1.20$1.0217.4%
Movie $10.00$9.871.3%
Bowling $3.75$4.3914.6%

Groceries

ItemMorgantownNational avg.Difference
Ground Beef $4.03$4.4810.0%
Fried Chicken $1.28$1.4612.6%
Milk $2.29$2.362.8%
Potatoes $3.54$3.0615.6%
Pizza $9.18$9.240.7%
Beer $8.76$8.631.5%

Health Care

ItemMorgantownNational avg.Difference
Optometrist $88.75$99.7811.1%
Doctor $108.67$105.033.5%
Dentist $74.67$88.7015.8%
Ibuprofen $8.93$9.415.1%
Lipitor $315.71$298.505.8%

Housing

ItemMorgantownNational avg.Difference
Home Price $169,600.00$175,700.003.5%
Avg. Mortgage Payment $1,224.16$1,081.0313.2%
Apartment Rent $692.00$920.0024.8%

Transportation

ItemMorgantownNational avg.Difference
Gasoline $2.47$2.0918.0%
Tire Balancing $34.60$45.2923.6%

Utilities

ItemMorgantownNational avg.Difference
All Electricity$139.34$170.8018.4%
Phone $30.99$28.269.7%
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.
Mapletown, PA15884-16%
Blacksville, WV15285-15%
Monongah, WV1,02985-15%
Grant Town, WV48287-13%
Masontown, PA3,42087-13%
Morgantown, WV30,1331000%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
LaGrange, GA30,13892-8%
San Luis, AZ30,13995-5%
Springfield, VA30,15413535%
Los Gatos, CA30,163220120%
New Bern, NC30,17198-2%
Morgantown, WV30,1331000%
Source: The Morgantown, WV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.