Cheat Lake, WV vs Teays Valley, WV

Cheat Lake, WV and Teays Valley, WV have a very similar cost of living, with only a 4% difference in their overall index. Cheat Lake scores 94 while Teays Valley scores 91 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Cheat Lake is $1,113/month compared to $1,238/month in Teays Valley — a 10% difference. Interestingly, home values tell a different story: while Cheat Lake has cheaper rent, Teays Valley actually has lower median home values ($271,900 vs $345,500).

Median household income in Cheat Lake is $111,379 compared to $106,798 in Teays Valley (+4.3%). 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 13.9% in Teays Valley.