Cost of Living in Carpendale, WV

With a cost of living index of 67, Carpendale, WV is one of the most affordable cities in the country. Living here is 33% cheaper than the national average and 6% below the West Virginia state average of 73. Carpendale is a small community of 1,053 residents.

Housing costs are the biggest factor in Carpendale's cost of living. The median monthly rent is $709 (46% below the US median of $1,319), and the median home value sits at $169,200 (45% below the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Carpendale is $59,679, which is 21% lower than the national median of $75,149. Residents spend roughly 14% 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 Carpendale. The area sees an average annual temperature of 54.1°F, with summers averaging 74°F and winters around 34°F. Annual rainfall totals 39 inches spread over roughly 121 days.

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.