Cost of Living in Craigsville, WV

With a cost of living index of 58, Craigsville, WV is one of the most affordable cities in the country. Living here is 42% cheaper than the national average and 16% below the West Virginia state average of 73. Craigsville is a small community of 1,584 residents.

Housing costs are the biggest factor in Craigsville's cost of living. The median monthly rent is $607 (54% below the US median of $1,319), and the median home value sits at $95,300 (69% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Craigsville is $28,718, which is 62% lower than the national median of $75,149. Residents spend roughly 25% 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 Craigsville. The area sees an average annual temperature of 52.9°F, with summers averaging 70°F and winters around 35°F. Annual rainfall totals 43.5 inches spread over roughly 161 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.