Nitro 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.
IndexNitroWest VirginiaNational
Cost of living index8586100
IndexNitroWest VirginiaNational
Goods & Services index96100100
Groceries index91101100
Health care index11292100
Housing index5960100
Transportation index9397100
Utilities index10188100
The above illustration supplies generalized information for the Nitro, WV cost of living index. Compared to other cities in West Virginia and cities across the country, the cost of living index in Nitro, WV is 85, which is 1% lower than the West Virginia average and 15% 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 Nitro, WV are 3% lower than the average for West Virginia and 4% lower than the rest of the country.

Did you know?

  • The cost of living in Nitro is 1% lower than the West Virginia average.
  • The cost of living in Nitro is 15% lower than the national average.
  • The cost of housing in Nitro is 41% 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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Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Nitro, 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 Nitro, WV, you have to earn a higher income in order to still have the same standard of living. To operate the Nitro, 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$49,716$4,143$1,160$1,492
Renters$32,841$2,737$766$985
The affordability of the housing market in Nitro, WV as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Nitro, WV homeowners, the median income is $49,716. This indicates that a monthly maximum of $1,160 should be spent by homeowners on all housing related costs. Renters have a median income of $32,841. This indicates that renters should have a maximum of $766 used for their rent related monthly 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 Nitro, 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

ItemNitroNational avg.Difference
Haircut $14.92$15.564.1%
Beauty Salon $34.65$36.114.0%
Toothpaste $1.95$2.4720.9%
Shampoo $0.80$0.9617.5%
Movie $11.50$10.1313.5%
Bowling $4.54$4.744.1%

Groceries

ItemNitroNational avg.Difference
Ground Beef $3.18$3.9820.3%
Fried Chicken $1.25$1.4110.9%
Milk $1.65$2.0619.9%
Potatoes $2.77$2.987.3%
Pizza $7.56$9.4720.2%
Beer $9.27$8.795.4%

Health Care

ItemNitroNational avg.Difference
Optometrist $104.44$101.043.4%
Doctor $116.62$107.448.5%
Dentist $109.77$90.4221.4%
Ibuprofen $8.85$9.284.6%
Lipitor $453.35$426.506.3%

Housing

ItemNitroNational avg.Difference
Home Price $89,900.00$175,700.0048.8%
Avg. Mortgage Payment $775.55$1,133.2331.6%
Apartment Rent $704.00$920.0023.5%

Transportation

ItemNitroNational avg.Difference
Gasoline $1.87$1.996.3%
Tire Balancing $41.43$45.769.5%

Utilities

ItemNitroNational avg.Difference
All Electricity$138.77$163.8115.3%
Phone $35.01$28.3923.3%
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.
Jefferson, WV79281-19%
Rand, WV1,16481-19%
Hometown, WV47782-18%
Chesapeake, WV1,46982-18%
Buffalo, WV1,29583-17%
Nitro, WV6,86085-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Greenville, IL6,86087-13%
Etowah, NC6,8621000%
Nyack, NY6,85714242%
Lakes of the Four Seasons, IN6,85411313%
West Hattiesburg, MS6,85387-13%
Nitro, WV6,86085-15%
Source: The Nitro, WV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.