Oak Hill 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.
IndexOak HillWest VirginiaNational
Cost of living index8491100
IndexOak HillWest VirginiaNational
Goods & Services index97111100
Groceries index9295100
Health care index10896100
Housing index5260100
Transportation index99107100
Utilities index10693100
The above illustration supplies generalized information for the Oak Hill, WV cost of living index. Compared to other cities in West Virginia and cities across the country, the cost of living index in Oak Hill, WV is 84, which is 7% lower than the West Virginia average and 16% 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 Oak Hill, 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 Oak Hill is 7% lower than the West Virginia average.
  • The cost of living in Oak Hill is 16% lower than the national average.
  • The cost of housing in Oak Hill is 48% 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 Oak Hill, WV Cost of living To Other Cities

Salary Calculator

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Health care index
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Using the salary calculator lets you compare the salary you earn in Oak Hill, 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 Oak Hill, WV, you have to earn a higher income in order to still have the same standard of living. To operate the Oak Hill, 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$48,519$4,043$1,132$1,456
Renters$19,185$1,599$448$576
The affordability of the housing market in Oak Hill, 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 Oak Hill, WV homeowners, the median income is $48,519. This indicates that a monthly maximum of $1,132 should be spent by homeowners on all housing related costs. Renters have a median income of $19,185. This indicates that renters should have a maximum of $448 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%
When considering the overall cost of living expenses in Oak Hill, WV, it's important to take into account the sales tax for West Virginia, as well as the rate for income tax in West Virginia. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for West Virginia is 7%, and the sales tax in the state of West Virginia is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in West Virginia starts from 3% and goes up to 6.5%.

Goods & Services

ItemOak HillNational 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

ItemOak HillNational 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

ItemOak HillNational 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

ItemOak HillNational avg.Difference
Home Price $83,500.00$175,700.0052.5%
Avg. Mortgage Payment $955.01$1,081.0311.7%
Apartment Rent $576.00$920.0037.4%

Transportation

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

Utilities

ItemOak HillNational 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%
Hilltop, WV60974-26%
Minden, WV44174-26%
Deep Water, WV21474-26%
Oak Hill, WV8,27084-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mason, MI8,26685-15%
Old Forge, PA8,26595-5%
Diamondhead, MS8,27599-1%
Mount Rainier, MD8,27711414%
Bogota, NJ8,27714141%
Oak Hill, WV8,27084-16%
Source: The Oak Hill, WV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.