Newell, WV vs Summersville, WV
Newell, WV and Summersville, WV have a very similar cost of living, with only a 4.7% difference in their overall index. Newell scores 63 while Summersville scores 66 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 Newell is $823/month compared to $570/month in Summersville — a 44% difference. Interestingly, home values tell a different story: while Summersville has cheaper rent, Newell actually has lower median home values ($86,700 vs $210,400).
Median household income in Newell is $38,924 compared to $52,321 in Summersville (-25.6%). While Summersville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Newell spend roughly 25.4% of their income on rent, more than the 13.1% in Summersville.
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