Cost of Living in Ravenswood, WV

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16%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
38%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Ravenswood West Virginia National
Cost of living8485100
Groceries9597100
Health care9594100
Housing6262100
Transportation9295100
Utilities9394100
Lifestyle & Entertainment9094100
Household Items9495100
Education & Childcare9291100
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Homes For Sale In Ravenswood, WV

property for sale

803 Crooks Ave

Ravenswood, WV
property for sale

600 Ashton St

Ravenswood, WV
property for sale

136 Nu Chance Dr

Ravenswood, WV
property for sale

404 Brown St

Ravenswood, WV
See the Newest Homes For Sale In Ravenswood, WV

Cost Of Living Quick Facts

  • The cost of living in Ravenswood is 1% lower than the West Virginia average
  • The cost of living in Ravenswood is 16% lower than the national average
  • Ravenswood housing is 38% 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

Most Affordable Places to Live in and Around Ravenswood

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Compare Ravenswood, WV Cost of Living

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      The best places in West Virginia

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$64,091$5,341$1,495$1,923
      Renters$52,348$4,362$1,221$1,571
      A good indicator of the general affordability of housing in Ravenswood, WV, 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 Ravenswood, the median monthly income is $64,091 for those who own their own homes. Under the standard rule, that income level would allow for $1,495 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $52,348, per the median income in the area. That would allow for renters to spend up to $1,221 on monthly rental expenses.

      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Tuppers Plains, OH382936.8%
      Pomeroy, OH1,8217723.0%
      Hartford City, WV5767921.2%
      Mason, WV7387921.0%
      Leon, WV2398217.9%
      Ravenswood, WV3,7968416.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Brownsville, LA3,7968217.5%
      Trappe, PA3,79511514.6%
      Emerald Isle, NC3,79712727.5%
      Farmerville, LA3,7948713.1%
      Melrose, MN3,794955.1%
      Ravenswood, WV3,7968416.0%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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