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.
An overview of the general cost of living index for Brookhaven, WV is displayed above for your reference. Residents in Brookhaven, WV enjoy a cost of living index of 96. This index is 9% higher than the West Virginia average, and 4% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Brookhaven, WV, the average cost of goods and services is equal to it is in West Virginia, and it is 2% higher than the national average.
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The cost of living in Brookhaven is 9% higher than the West Virginia average.
The cost of living in Brookhaven is 4% lower than the national average.
The cost of housing in Brookhaven is 11% 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.
Compare Brookhaven, WV Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
Use the salary calculator to compare your current income in Brookhaven, 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 Brookhaven, WV, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Brookhaven, 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
Max Budget (28% DTI)
Max Budget (36% DTI)
The affordability of the housing market in Brookhaven, 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 Brookhaven, WV homeowners, the median income is $68,317. This indicates that a monthly maximum of $1,594 should be spent by homeowners on all housing related costs. Renters have a median income of $26,042. This indicates that renters should have a maximum of $608 used for their rent related monthly costs.
West Virginia Sales Tax
General Sales Tax
With Max Surtax
West Virginia Income Tax
Income Tax (Low)
Income Tax (High)
When assessing the complete cost of living in Brookhaven, 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
Avg. Mortgage Payment
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.