Lumberport, WV vs Spencer, WV

Lumberport, WV and Spencer, WV have a very similar cost of living, with only a 3.6% difference in their overall index. Lumberport scores 63 while Spencer scores 61 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 Lumberport is $692/month compared to $658/month in Spencer — a 5% difference. Home values follow the same pattern: Spencer is more affordable at $108,700 median vs $122,600.

Median household income in Lumberport is $49,659 compared to $25,897 in Spencer (+91.8%). While Lumberport is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lumberport spend roughly 16.7% of their income on rent, less than the 30.5% in Spencer. The Lumberport ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.