Point Pleasant 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.
IndexPoint PleasantWest VirginiaNational
Cost of living index8091100
IndexPoint PleasantWest VirginiaNational
Goods & Services index96111100
Groceries index9095100
Health care index9796100
Housing index5060100
Transportation index83107100
Utilities index9693100
A general summary of the cost of living index in Point Pleasant, WV is shown above. Compared to the state average of West Virginia the cost of living index in Point Pleasant, WV is 80, which is 12% lower than the average in West Virginia and compared to the national average it is 20% lower than. 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 Point Pleasant, WV goods and services come in at 14% lower than the average in West Virginia and are 4% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Point Pleasant is 12% lower than the West Virginia average.
  • The cost of living in Point Pleasant is 20% lower than the national average.
  • The cost of housing in Point Pleasant is 50% 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 Point Pleasant, WV Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Point Pleasant, WV to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Point Pleasant, WV, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Point Pleasant, WV salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$40,407$3,367$943$1,212
Renters$14,833$1,236$346$445
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Point Pleasant, WV as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Point Pleasant, WV homeowners, is $40,407. This would allow for a maximum of $943 per month to be spent on housing costs. For renters, the median monthly income is $14,833 which would result in a maximum of $346 to be spent on rental 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 assessing the complete cost of living in Point Pleasant, 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

ItemPoint PleasantNational avg.Difference
Haircut $11.20$14.5923.3%
Beauty Salon $33.20$34.684.3%
Toothpaste $1.78$2.4728.0%
Shampoo $0.91$1.0211.0%
Movie $9.31$9.875.7%
Bowling $4.25$4.393.2%

Groceries

ItemPoint PleasantNational avg.Difference
Ground Beef $4.73$4.485.7%
Fried Chicken $1.17$1.4620.1%
Milk $1.88$2.3620.2%
Potatoes $2.37$3.0622.6%
Pizza $9.99$9.248.1%
Beer $7.99$8.637.4%

Health Care

ItemPoint PleasantNational avg.Difference
Optometrist $59.90$99.7840.0%
Doctor $111.67$105.036.3%
Dentist $94.00$88.706.0%
Ibuprofen $7.49$9.4120.4%
Lipitor $267.15$298.5010.5%

Housing

ItemPoint PleasantNational avg.Difference
Home Price $90,300.00$175,700.0048.6%
Avg. Mortgage Payment $836.00$1,081.0322.7%
Apartment Rent $421.00$920.0054.2%

Transportation

ItemPoint PleasantNational avg.Difference
Gasoline $1.75$2.0916.6%
Tire Balancing $36.75$45.2918.8%

Utilities

ItemPoint PleasantNational avg.Difference
All Electricity$161.00$170.805.7%
Phone $27.99$28.260.9%
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.
Apple Grove, WV18371-29%
Henderson, WV17576-24%
Leon, WV11476-24%
Mason, WV1,05977-23%
Vinton, OH25277-23%
Point Pleasant, WV4,32680-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Groesbeck, TX4,32580-20%
Edgewood, OH4,32877-23%
Garwood, NJ4,32313636%
Magnolia, NJ4,32911010%
Carmel Valley Village, CA4,32117979%
Point Pleasant, WV4,32680-20%
Source: The Point Pleasant, WV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.