Cost of Living in Fort Gay, WV

With a cost of living index of 56, Fort Gay, WV is one of the most affordable cities in the country. Living here is 44% cheaper than the national average and 17% below the West Virginia state average of 73. Fort Gay is a small community of 459 residents.

Housing costs are the biggest factor in Fort Gay's cost of living. The median monthly rent is $671 (49% below the US median of $1,319), and the median home value sits at $58,100 (81% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Fort Gay is $27,679, which is 63% lower than the national median of $75,149. Residents spend roughly 29% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 Fort Gay. The area sees an average annual temperature of 56.5°F, with summers averaging 75°F and winters around 37°F. Annual rainfall totals 45.1 inches spread over roughly 142 days.

Everyday prices in the Huntington-Ashland, WV-KY-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.