Cost Of Living in Princeton, WV

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14%

Overall NAT. AVG.

1%

Goods & Services NAT. AVG.

40%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Princeton	West Virginia	National
Cost of living	86	85	100
Goods & Services	100	95	100
Groceries	98	98	100
Health care	92	97	100
Housing	60	62	100
Transportation	89	94	100
Utilities	94	96	100

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Cost Of Living Quick Facts

The cost of living in Princeton is equal to the West Virginia average
The cost of living in Princeton is 14% lower than the national average
Princeton housing is 40% lower than the national average
West Virginia general sales tax is 18% higher than the national average
West Virginia state income tax is 16% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$49,609	$4,134	$1,157	$1,488
Renters	$33,469	$2,789	$781	$1,004

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Princeton, WV, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Princeton, homeowners have a median income of $49,609. Using that number, a maximum of $1,157 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $33,469, which means there is a maximum of $781 to be spent on the costs of renting a home or apartment.

West Virginia Sales Tax

State	General Sales Tax	With Max Surtax
West Virginia	6%	7%

West Virginia Income Tax

State	Income Tax (Low)	Income Tax (High)
West Virginia	3%	6.5%

Goods & Services

Item	Princeton	National avg.	Difference
Haircut	$27.83	$24.26	14.7%
Beauty Salon	$59.17	$45.56	29.9%
Toothpaste	$4.10	$3.70	10.8%
Shampoo	$1.72	$1.28	34.3%
Movie	$15.61	$12.13	28.7%
Bowling	$27.24	$18.00	51.4%

Groceries

Item	Princeton	National avg.	Difference
Ground Beef	$5.67	$5.84	2.8%
Fried Chicken	$1.41	$1.57	10.4%
Milk	$4.83	$4.67	3.4%
Potatoes	$5.33	$4.93	8.0%
Pizza	$12.62	$12.09	4.4%
Beer	$11.14	$10.41	7.0%

Health Care

Item	Princeton	National avg.	Difference
Optometrist	$130.89	$125.68	4.1%
Doctor	$159.79	$135.78	17.7%
Dentist	$125.44	$113.29	10.7%
Ibuprofen	$11.37	$10.65	6.7%
Lipitor	$460.80	$468.60	1.7%

Housing

Item	Princeton	National avg.	Difference
Home Price	$99,100.00	$184,700.00	46.3%
Avg. Mortgage Payment	$4,632.77	$2,346.69	97.4%
Apartment Rent	$714.00	$949.00	24.8%

Transportation

Item	Princeton	National avg.	Difference
Gasoline	$3.51	$3.46	1.3%
Tire Balancing	$80.00	$59.92	33.5%

Utilities

Item	Princeton	National avg.	Difference
All Electricity	$200.62	$193.99	3.4%
Phone	$184.83	$192.25	3.9%

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	Population	Cost of Living Index	National Avg.
Covel, WV	25	96	3.6%
Maybeury, WV	72	96	3.6%
Corinne, WV	99	97	3.5%
Montcalm, WV	582	73	27.0%
Bramwell, WV	313	76	24.4%
Princeton, WV	5,740	86	14.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Newtown Grant, PA	5,740	141	41.1%
Newmarket, NH	5,737	125	24.8%
Citrus Park, AZ	5,744	138	38.4%
West Side Highway, WA	5,735	105	4.7%
Schriever, LA	5,734	89	11.2%
Princeton, WV	5,740	86	14.5%