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Elkins, WV vs Richwood, WV

70
Elkins
West Virginia
VS
+23.5%
56
Richwood
West Virginia

There is a significant gap in the cost of living between these two cities. Richwood is 23.5% cheaper than Elkins. With a cost index of 56 vs 70, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Richwood to Elkins should plan for substantially higher expenses across most categories.

On the housing front, median rent in Elkins is $897/month compared to $630/month in Richwood — a 42% difference. Home values follow the same pattern: Richwood is more affordable at $67,600 median vs $130,500.

Median household income in Elkins is $47,746 compared to $33,614 in Richwood (+42%). While Elkins is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elkins spend roughly 22.5% of their income on rent, less than the 22.5% in Richwood.

Climate-wise, both cities share similar average temperatures (51.7°F vs 52.9°F). Elkins receives more rainfall at 47.2" per year compared to 43.5" in Richwood.

Income & Cost

Cost of Living Index
Elkins
70
Richwood
56
19% cheaper
Median Household Income
Elkins
$47,746
30% higher
Richwood
$33,614

Housing

Median Rent
Elkins
$897
Richwood
$630
30% cheaper
Median Home Value
Elkins
$130,500
Richwood
$67,600
48% cheaper
Population
Elkins
6,875
Richwood
2,617

Salary Equivalency Calculator

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Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Elkins 51.7°F
Richwood 52.9°F
Summer High
Elkins 83°F
Richwood 81°F
Winter Low
Elkins 20°F
Richwood 24°F
Rainfall
Elkins 47.2"
Richwood 43.5"
Rainy Days
Elkins 173d
Richwood 161d