Cheat Lake, WV vs New Martinsville, WV

The cost of living difference between Cheat Lake, WV and New Martinsville, WV is dramatic. New Martinsville is 51.8% cheaper than Cheat Lake, a gap that translates to thousands of dollars per year in household expenses. Cheat Lake has a cost index of 94 while New Martinsville sits at 62, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Cheat Lake is $1,113/month compared to $718/month in New Martinsville — a 55% difference. Home values follow the same pattern: New Martinsville is more affordable at $112,600 median vs $345,500.

Median household income in Cheat Lake is $111,379 compared to $51,226 in New Martinsville (+117.4%). While Cheat Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cheat Lake spend roughly 12% of their income on rent, less than the 16.8% in New Martinsville.

Climate-wise, both cities share similar average temperatures (53.8°F vs 54.3°F). Cheat Lake receives more rainfall at 43.2" per year compared to 42.5" in New Martinsville.