Cost of Living in Martins Ferry, OH

With a cost of living index of 63, Martins Ferry, OH is one of the most affordable cities in the country. Living here is 37% cheaper than the national average and 14% below the Ohio state average of 78. Martins Ferry is a smaller community of 6,192 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Martins Ferry's cost of living. The median monthly rent is $809 (39% below the US median of $1,319), and the median home value sits at $92,800 (70% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Martins Ferry is $43,073, which is 43% lower than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Martins Ferry. The area sees an average annual temperature of 52.2°F, with summers averaging 71°F and winters around 32°F. Annual rainfall totals 37.6 inches spread over roughly 152 days.

Everyday prices in the Wheeling, WV-OH (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.