Pea Ridge 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.
IndexPea RidgeWest VirginiaNational
Cost of living index9086100
IndexPea RidgeWest VirginiaNational
Goods & Services index99100100
Groceries index94101100
Health care index9592100
Housing index7860100
Transportation index9697100
Utilities index8788100
The above illustration supplies generalized information for the Pea Ridge, WV cost of living index. Compared to other cities in West Virginia and cities across the country, the cost of living index in Pea Ridge, WV is 90, which is 5% higher than the West Virginia average and 10% 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 Pea Ridge, WV are 1% lower than the average for West Virginia and 2% lower than the rest of the country.

Did you know?

  • The cost of living in Pea Ridge is 5% higher than the West Virginia average.
  • The cost of living in Pea Ridge is 10% lower than the national average.
  • The cost of housing in Pea Ridge is 22% 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 Pea Ridge, WV Cost of living To Other Cities

Salary Calculator

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Groceries index
Health care index
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Transportation index
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Using the salary calculator lets you compare the salary you earn in Pea Ridge, 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 Pea Ridge, WV, you have to earn a higher income in order to still have the same standard of living. To operate the Pea Ridge, 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$66,958$5,580$1,562$2,009
Renters$33,869$2,822$790$1,016
If you want to find a good determining factor for the cost of living and the general affordability of housing in Pea Ridge, WV, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Pea Ridge, WV, the median monthly income is $66,958 for those who own their own homes. Under the standard rule, that income level would allow for $1,562 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $33,869, per the median income in the area. That would allow for renters to spend up to $790 on monthly rental expenses.

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 assessing the complete cost of living in Pea Ridge, WV, the West Virginia income tax and the West Virginia sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The West Virginia maximum surtax is 7%, and the West Virginia sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3% to 6.5% in West Virginia.

Goods & Services

ItemPea RidgeNational avg.Difference
Haircut $12.12$15.5622.2%
Beauty Salon $32.80$36.119.2%
Toothpaste $1.93$2.4721.8%
Shampoo $0.80$0.9617.1%
Movie $9.59$10.135.3%
Bowling $4.18$4.7411.7%

Groceries

ItemPea RidgeNational avg.Difference
Ground Beef $3.81$3.984.3%
Fried Chicken $1.28$1.419.0%
Milk $1.73$2.0616.2%
Potatoes $2.68$2.9810.2%
Pizza $8.99$9.475.1%
Beer $8.16$8.797.2%

Health Care

ItemPea RidgeNational avg.Difference
Optometrist $54.39$101.0446.2%
Doctor $96.85$107.449.9%
Dentist $92.19$90.422.0%
Ibuprofen $8.22$9.2811.5%
Lipitor $431.97$426.501.3%

Housing

ItemPea RidgeNational avg.Difference
Home Price $139,100.00$175,700.0020.8%
Avg. Mortgage Payment $782.25$1,133.2331.0%
Apartment Rent $692.00$920.0024.8%

Transportation

ItemPea RidgeNational avg.Difference
Gasoline $1.97$1.991.0%
Tire Balancing $41.58$45.769.1%

Utilities

ItemPea RidgeNational avg.Difference
All Electricity$128.45$163.8121.6%
Phone $27.99$28.391.4%
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.
Kenova, WV3,15180-20%
Wayne, WV2,03281-19%
Crown City, OH36781-19%
Hamlin, WV1,42682-18%
West Hamlin, WV81482-18%
Pea Ridge, WV6,32190-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Oelwein, IA6,32181-19%
Lincoln, AL6,32189-11%
Johnsburg, IL6,3221099%
Johnson Lane, NV6,31913030%
Southold, NY6,32315656%
Pea Ridge, WV6,32190-10%
Source: The Pea Ridge, WV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.