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Parsons, WV vs Welch, WV

65
Parsons
West Virginia
VS
-14.7%
76
Welch
West Virginia

Parsons is moderately more affordable than Welch, with a 14.7% lower cost of living index. Parsons scores 65 compared to 76 for Welch, where the US average is 100. This difference means residents of Welch can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Parsons are $101,500 compared to $56,500 in Welch, a 80% gap.

Median household income in Parsons is $44,375 compared to $36,188 in Welch (+22.6%). Parsons offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.

Income & Cost

Cost of Living Index
Parsons
65
15% cheaper
Welch
76
Median Household Income
Parsons
$44,375
18% higher
Welch
$36,188

Housing

Median Rent
Parsons
$808
Welch
Median Home Value
Parsons
$101,500
Welch
$56,500
44% cheaper
Population
Parsons
1,481
Welch
3,492

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Parsons $2.92
Welch
US $3.07
🥚
Eggs (grade A, large)
Parsons $2.38
Welch
US $2.50
🥛
Milk (whole)
Parsons $3.84
Welch
US $4.03
🍞
Bread (white)
Parsons $1.76
Welch
US $1.85
🍗
Chicken breast
Parsons $3.95
Welch
US $4.14
Electricity
Parsons $0.17
Welch
US $0.19