Cost of Living in Matoaka, WV

With a cost of living index of 55, Matoaka, WV is one of the most affordable cities in the country. Living here is 45% cheaper than the national average and 19% below the West Virginia state average of 73. Matoaka is a small community of 92 residents.

Housing costs are the biggest factor in Matoaka's cost of living. The median monthly rent is $565 (57% below the US median of $1,319), and the median home value sits at $74,400 (76% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Matoaka is $23,929, which is 68% lower than the national median of $75,149. Residents spend roughly 28% 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 Matoaka. The area sees an average annual temperature of 52.1°F, with summers averaging 69°F and winters around 34°F. Annual rainfall totals 41.2 inches spread over roughly 154 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.